Solana Red’s MemeCoins creation platform, PumpFun, will launch its native pump token on Saturday, July 12th.
Since its debut in January 2024, the company has confirmed that it has now been able to create and exchange tokens for users around the world. The sale will be made through initial offerings of Coin (ICO). This is a fundraising method in which companies raise funds to issue and sell digital tokens to investors, similar to their initial public offerings in the cryptocurrency sector rather than traditional markets.
The maximum supply of tokens is 1 billion tokens, with a distribution that includes 33% for ICOs, 24% for community and ecosystem initiatives, 20% for equipment, 13% for existing investors, 2.4% for ecosystem bottoms, 2% for live broadcasts, and 2.6% for acid resistance and exchange.
Once a token is transferred, it will first be available for exchanges of Kucoin, Kraken, Bybit, Gate, Bitget, and MexC.
At ICO, 33% of the supply is split at 18% on private sales and already fully allocated, with 15% on public sales, both at $0.004 per token.
Public Sale Extended until 150 million tokens become available Or, what will happen first until Tuesday, July 15th?
Tokens acquired through the ICO will be completely unlocked on the first day they are commercialized, but are not initially transferable. Tokens can be exchanged 48-72 hours after the end of sales.
Additionally, PumpFun has announced its upcoming AirDrop without specifying who will become the beneficiary. This mechanism is common in the cryptocurrency ecosystem, We are trying to encourage recruitment and participation in the networkCryptopedic as explained in Cryptopedia.
The platform is reportedly the fastest growing company in history when it reached revenues of 100 million people, $300 million and $500 million, highlighting that Pump will be fully functional since its launch.
Meanwhile, Pumpfun emphasized his mission to connect merchants, creators and startup founders with a global network of instant money and attention. Since October 2024, he has shown signs about the launch of the token. This token has created hope for the community, especially among airdrop hunters who pay attention to new opportunities.
