TrendX now supports the issuance of any Token on Pump.

Pump is a platform focused on the issuance and trading of Meme coins, which has a certain uniqueness and influence in the cryptocurrency field. Here is a detailed introduction about it:

Platform Basic Information

- Birth time and underlying chain: Launched on the Solana chain in January 2024, and subsequently expanded to Ethereum Layer 2 Blast.
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- Core objective: Simplify the Token issuance process, allowing users to create and trade Meme coins at a very low cost without any programming experience.

Platform features and mechanisms

- One-click Token Issuance: Users only need to fill in the token name, symbol, description, and upload an image to complete the token deployment, without the need to provide liquidity or technical development, with issuance costs as low as 0.02 SOL (approximately 2 USD).
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- Joint Curve Pricing: The joint curve model is used to dynamically adjust the Token price through mathematical functions. The initial setting fixes the total supply of each Token at 1 billion, with a virtual liquidity pool preset at 30 SOL and 1.073 billion Tokens. Early buyers can enter at a lower price, and as the purchase volume increases, the price rises exponentially, incentivizing early participants.
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- Automated liquidity management: When the market value of the Token reaches $69,000, the platform automatically injects liquidity into decentralized exchanges (such as Raydium) and burns the remaining Tokens to ensure market stability.
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- Live Interaction: Users can promote tokens in real-time through features such as multi-person online live broadcasting and screen sharing, combining financial and entertainment attributes to form an "attention economy" effect.

Platform Impact and Controversies

- Traffic & Revenue: Becoming the head app of the Solana ecosystem, with an average daily income of thousands of SOLs, attracting many developers and users, and guiding the arrival of the Solana meme season to a certain extent.
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- Negative issues: Most of the coins on the platform lack application scenarios and technical content, and there are illegal activities such as fraud, violence, and drug-related offenses. Some users have engaged in dangerously extreme behaviors during live broadcasts for promotional purposes, leading the platform to temporarily suspend live streaming services. Moreover, the vast majority of users lose money on the platform, with only a very small number making profits.
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