Pump.fun, a platform for creating meme coins, has announced a new update that rewards users for launching successful tokens.
Pump.fun, a platform for creating meme coins, has announced a new update that rewards users for launching successful tokens. The update, currently in beta, eliminates the fee to launch a token and introduces a payout system for successful projects.
Previously, users could create a token by filling out a form and paying 0.02 SOL (around $3). Tokens needed to reach a market cap of approximately $69,000 to become tradable on the decentralized exchange Raydium. Now, the fee is gone, and developers whose tokens complete their bonding curve will receive 0.5 SOL (about $79).
“This change allows developers to create coins without purchasing any supply,” the company stated. The reward is given regardless of whether the developer holds any of the coin, encouraging them to achieve full market cap potential.
The update has sparked varied reactions. Some investors welcome the incentive for developers to support their projects long-term, addressing issues where developers abandon projects shortly after launch.
However, not everyone is optimistic. Critics, like 0xBiZzy, raised the concern that creators who “rug pulled” will now get paid, while DegenApeAcademy tweeted jokingly about using AI to create 100,000 new coins per minute to earn 5000 SOL. Meanwhile, Yogurt.eth pointed out that developers might flood the market with coins in pursuit of the $80 reward.
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