Summary
- Pump.fun, a Solana (SOL)-based meme coin issuance platform, announced the release of the governance token 'PUMP' tokenomics.
- A total of 1 trillion 'PUMP' tokens will be issued, and 33% will be allocated for ICO, with a price per token of $0.004.
- Global cryptocurrency exchange Binance has announced it will support 'PUMP' perpetual futures pre-market trading starting on the 10th.
The governance token 'PUMP' tokenomics of the Solana (SOL)-based meme coin issuance platform Pump.fun has been released.
On the 9th (local time), Pump.fun announced on X (formerly Twitter), "We will begin the 'PUMP' token's initial coin offering (ICO) on the 12th (local time)," and shared the tokenomics.
A total of 1 trillion PUMP tokens will be issued, with 33% allocated for the ICO. Of the ICO allocation, private sale and public sale will account for 18% and 15%, respectively. The price per token is approximately $0.004.
In addition, 24% is assigned to community and ecosystem initiatives, while 20% and 13% are allocated to the team and existing investors, respectively. The foundation and ecosystem fund will receive 2% and 2.4% each.
Meanwhile, the global cryptocurrency exchange Binance previously announced it will support PUMP perpetual futures pre-market trading starting at 16:30 (KST) on the 10th.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
![[Exclusive] FSS to examine ZKsync coin that surged '1,000%' in three hours](https://media.bloomingbit.io/PROD/news/1da9856b-df8a-4ffc-83b8-587621c4af9f.webp?w=250)
