Pump.fun on the Solana blockchain has announced a new revenue sharing program for token creators which is set to significantly impact the memecoin economy.
What is the New Pump.fun Revenue Sharing Program?
Pump.fun has unveiled a program that will return 50% of platform revenue to token creators. This marks a shift in the relationship between the platform and its users. Key aspects of the program include:
* **Revenue Share Percentage:** 50% of the total platform revenue will be allocated for distribution. * **Creator Earning Rate:** Creators will earn 0.05% of the fee revenue each time their specific token is traded. * **Payment Currency:** Earnings will be paid in Solana (SOL). * **Distribution Frequency:** Payments in SOL will occur each time a trade happens for the creator’s token.
How Does it Work to Boost Token Creator Earnings?
Under the new program, Pump.fun will distribute 50% of trading fees collected from transactions. For each trade of a creator’s token, they will receive 0.05% of the fee revenue. This scheme incentivizes creators to promote their projects and encourage community building. For instance, if a creator’s token has millions of dollars in daily trading volume, it can lead to significant passive income.
The Significance of Revenue Sharing in the Memecoin Space
The introduction of revenue sharing by Pump.fun represents a notable advance for the memecoin ecosystem. It encourages creators to cultivate active communities and develop their tokens, reducing reliance on initial sales or personal holdings of tokens, which may lead to a healthier ecosystem where creators benefit directly from their token's success.
The revenue sharing model on Pump.fun not only incentivizes memecoin creators but could significantly influence the Solana blockchain platform in the long run. This innovative revenue model may change the dynamics in the memecoin economy supporting both creators and the platform’s growth.
