The PumpFun team, behind the meme coin launch platform and PUMP token, is commencing a new incentive program aimed at increasing trading volume.
Goals of the Incentive Program
The program, according to on-chain data and developer updates, will last at least 30 days. Participants will receive PUMP tokens as rewards. These measures aim to stimulate trading and attract users.
Technical Details and Updates
Recent updates to PumpFun's official SDK provided crucial insights into the incentive system. A newly added admin function allows the setting of parameters such as daily PUMP token distribution. Methods for tracking user volume and claiming rewards have been integrated into the system.
Market Reaction and User Response
Although the program has not yet launched, technical preparations suggest a potential imminent launch. Following the announcement, there was a 13% increase in the PUMP price, indicating user interest.
The incentive program from PumpFun may spark increased user interest in the platform and enhance its market share. Further details on token distribution are expected soon.
