The PUMP token from the Pump.fun platform is set to launch in public markets. Participants will be able to purchase tokens during the initial offering.
ICO Details
On July 12, the PUMP token from the Pump.fun platform will begin its initial coin offering (ICO). The total issuance will amount to 1 trillion PUMP tokens. During the ICO, 33% of the tokens will be sold at $0.004 each; 18% will be sold during private rounds to institutional buyers, and 15% in public offerings. The sale will last until July 15 or until all assets are sold. Residents of the U.S. and U.K. are prohibited from participating in the public sale.
Token Distribution
The remaining tokens will be allocated as follows:
* 24% to community and ecosystem initiatives * 20% to the project team * 13% to investors * 4.4% to project funds * 3% for streaming * 2.6% for liquidity
The Pump.fun team has not provided additional information regarding any airdrop or other community incentive initiatives.
Competition and Prospects
Despite a successful launch, Pump.fun faces competitive pressure from the new project LetsBonk on the Solana network. On July 8, LetsBonk’s launchpad surpassed Pump.fun in terms of daily revenue and the number of tokens launched. Experts suggest that Pump.fun's dominance among token launch platforms may wane as new entrants experiment with income distribution settings and other mechanics. Nevertheless, Pump.fun continues to lead with over 200,000 tokens created per week.
The launch of the PUMP token and the upcoming ICO highlight the active development of the Pump.fun platform in the meme token market. However, increasing competition poses new challenges for the company.
