PumpFun Unveils ICO for PUMP Token with Upcoming Airdrop Excitement!
PumpFun Set to Launch PUMP Token via ICO on Solana Blockchain
Introduction to PUMP Token Launch
PumpFun, a newly established launchpad on the Solana network since January 2024, has revealed plans for its PUMP token to debut through an initial coin offering (ICO) scheduled for Saturday, July 12, at 14:00 UTC.
ICO Details and Token Distribution
The ICO will offer 150 billion PUMP tokens, representing 15% of the total supply capped at 1 trillion tokens, priced at $0.004 each. Additionally, 180 billion PUMP tokens, or 18% of the total supply, have already been sold through private sales under identical pricing conditions.
This public sale will continue until July 15 at 14:00 UTC or until all available tokens are purchased. All tokens will be fully unlocked upon launch, with trading anticipated to commence within 48 to 72 hours after the sale concludes.
Participation Requirements and Exclusions
To participate in the public sale, individuals must complete a Know Your Customer (KYC) verification through PumpFun’s platform or affiliated exchanges, including Bybit, KuCoin, Kraken, Bitget, MEXC, and Gate.io. It is important to note that residents of the United States and the United Kingdom are barred from participating due to regulatory restrictions in these regions.
PumpFun’s Vision and Revenue Goals
Since its inception, PumpFun has reportedly generated over $500 million in revenue. The platform aims to create a decentralized social media environment that challenges the dominance of established giants like Facebook, TikTok, and Twitch. The team boldly stated their ambition: “Our plan is to Kill Facebook, TikTok, and Twitch. On Solana.”
Upcoming airdrop Announcement
PumpFun has teased an upcoming airdrop, although specific details regarding timing and eligibility criteria are yet to be disclosed.
Financial Aspirations and Tokenomics
The ICO is projected to raise approximately $600 million in public funding, positioning PUMP for a fully diluted valuation of $4 billion. The tokenomics plan allocates 24% of the total supply for community and ecosystem initiatives, 20% for the team, 13% for investors, and the remainder for liquidity, a foundation, and incentives related to live streaming.
Conclusion: The Future of Social Media
With the launch imminent, the cryptocurrency community is keenly observing whether PUMP can fulfill its ambitious promise to transform the social media landscape.
