HOT DEVELOPMENT: Details of the Buyback and Income Model for Token Holders Have Emerged in the Airdrop, Which Will Be One of the Largest in History!

The Solana based memecoin platform Pump.fun plans to share a portion of the protocol revenues with token holders through the PUMP token, which is expected to be launched soon.

According to two sources close to the matter, the platform aims to raise funds through a $1 billion initial coin offering (ICO).

It is still unclear how much of Pump.fun's income will be directed towards the PUMP token with the "buyback-supported benefit structure" it will create. It is also uncertain whether this model will include the revenues generated from the decentralized exchange PumpSwap, which was launched at the beginning of this year. The platform did not respond to requests for comments on the matter.

Pump.fun's daily revenue exceeded 7 million dollars on January 23, reaching its peak. However, this figure declined over time to approximately 1 million dollars daily. The platform has generated a total revenue of approximately 677 million dollars since its launch at the beginning of 2024, making it one of the most profitable ventures in the crypto space.

A source close to the founding team stated, "Some details may still change, but the idea is to link a portion of the platform's revenues to a buyback mechanism." The same source indicated that the tokens for investors participating in both private and public sales are planned to be fully unlocked during the TGE (Token Generation Event).

Pump.fun announced its token project for the first time last October. At that time, an unnamed founder stated at an X Spaces event, "We plan to launch a token in the future and reward our earliest users."

The sale of the PUMP token is expected to take place for both private and public investors. According to sources, the total supply will be limited to 1 trillion tokens, and it is reported that the tokens will be fully unlocked in the first phase. The unit price of the token has been set at $0.004 for private investors, and the public offering is planned to take place within two weeks. It is also among the information that part of the token sale will occur on major exchanges like Binance and that an airdrop will be organized.

According to a source, approximately 25% of the token supply will be allocated for public sale, while 10% will be reserved for airdrop.

*It is not investment advice.

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