The post Now Pump.fun Will Pay You For Creating a Successful Meme Coin appeared on BitcoinEthereumNews.com.

Meme coin factory Pump.fun has released an update that will pay users who launch successful tokens on the platform. According to a tweet by Pump.fun, the update, currently in beta, will also no longer charge users a fee in order to launch a token. Today we’re introducing 2 HUGE changes to the pump fun mechanism (in beta) 1) Coin creation is FREE 2) Coin creators receive 0.5 SOL (~$80) when their coin completes its bonding curve How does it work? 1) Instead of the creator having to pay ~$2 for coin creation, this cost… pic.twitter.com/Zp7DCJQoya — pump.fun (@pumpdotfun) August 9, 2024 After launching in January, Pump.fun enabled anyone to create a token simply by filling out a form and paying 0.02 SOL ($3). Coins launched on the platform must hit a market cap around $69,000 in order to complete their ‘bonding curve,’ which is when the meme coin becomes tradable on decentralized exchange (DEX) Raydium. To date, the protocol has birthed up to 18,000 tokens a day and brings in nearly $1 million in daily revenue, according to DeFi Llama. Wiith this new change, Pump.fun has removed the 0.02 SOL required to launch a token and instead sees the deployer of a token that completes its bonding curve receive 0.5 SOL ($79). “This unlocks the use case of someone creating a coin without buying any of its supply,” the official Pump.fun announcement post said. “It is paid regardless of whether the coin dev has ever held the coin or [is] still holding the coin. The reward also gives an incentive for all devs to get their coin to 100%.” These changes have received a mixed response from the community. Some investors love this idea as it gives developers an incentive to continue working on their meme coin. This comes amid…

---

Filed under: News - @ August 10, 2024 1:22 pm