The post Pump.fun to give $80 if tokens complete bonding curve — will it stop rugs? appeared on BitcoinEthereumNews.com.

Pump.fun is incentivizing memecoin creators to get their tokens off to a successful launch, but the jury’s out whether it will stop bad actors from rugging their tokens early. Solana memecoin deployer pump.fun has announced it will now reward users who launch memecoins on their platform around $80 in Solana if their token completes its “bonding curve” and is launched on the Raydium DEX — though it may not do much to stop rug pulls.  In an Aug. 9 post to X, the team announced that memecoin creators would be paid a 0.5 Solana (SOL) reward if their coin fills its “bonding curve” and is launched on Raydium. It could also be a small incentive to ensure that creators don’t sell their tokens entirely. It comes as pump.fun also announced it has slashed its fee for launching tokens from $2 to $0. A $2 fee will now be paid by the first buyer of the token, making it free for creators to launch a new coin on the platform. Read more Source: https://cointelegraph.com/news/pump-fun-offers-80-dollars-tokens-complete-bonding-curve-will-it-stop-rug-pulls?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound

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Filed under: News - @ August 9, 2024 5:28 pm