MEMECOINS

Pump.Fun planning to launch a token in the future: X Spaces

theblock.co 19/10/2024 - 20:41 PM

Pump.Fun Announces Advanced Trading Terminal and New Token Launch

Solana-based memecoin exchange Pump.Fun unveiled a new advanced trading terminal and teased an upcoming token launch in an X space today, marking a significant announcement for the popular protocol.

The Pump.Fun team stated they are "planning to launch a token in the future" alongside the introduction of Pump Advanced, a trading terminal designed with advanced features for power users.

Features of Pump Advanced

  • Main view includes charts, top holder stats, and advanced filters.
  • Live-updating threads catered to heavy users of Pump.Fun.
  • Users can utilize non-custodial wallets through authentication platform Privy.

Fee Structure

The advanced platform will charge 0% fees for at least the first 30 days, with upcoming fees yet to be announced.

The team emphasized, "We're going to make sure we're going to reward our earliest users" regarding the token launch, stating that all revenue will be reinvested into the platform to create something as significant as Binance—if not bigger.

Recent Performance

Pump.Fun's daily revenue has recently approached or exceeded $1 million on various days this month. According to data from The Block, the platform reached $100 million in cumulative fees at the end of August and saw a surge in usage, driven by the memecoin Moo Deng.

Future Vision

The team mentioned their goal is to bring this platform to the masses, highlighting their ambition to expand their reach significantly.




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