Pump.fun has announced the acquisition of Kolscan, simplifying the social trading process ahead of its upcoming ICO.
Overview of the Kolscan Acquisition
On July 10, Pump.fun announced the acquisition of Kolscan, a wallet tracking platform operating on the Solana blockchain. Kolscan provides real-time transaction data, profit-loss analytics, and a trader performance leaderboard.
Plans for Integration and Improvements
The integration of Kolscan's technology will allow Pump.fun to enhance its platform, offering users more analytics and new interactive opportunities. Kolscan's services will remain free for tens of thousands of users. The platform also plans to improve its leaderboard to better reward genuine traders and increase the transparency of trading activities.
Pump.fun's Future Strategy
With the acquisition of Kolscan, Pump.fun is gearing up for its ICO, during which it plans to offer 33% of the total token supply. Future features of the PUMP token may include fee rebates and buybacks, aiming to stimulate interest and value growth.
The acquisition of Kolscan highlights Pump.fun's ambitions to create a scalable social trading platform that combines social interactions with trading analytics.
