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🖼️🖇️ Pumpfun Replied To Polymarket

incredible technology
Polymarket (@Polymarket)
JUST IN: Chinese drone maker DJI unveils transport drone capable of flying in formation with 3 other drones to carry up to 1,300 lbs.
🖼️📝 Pumpfun Tweeted

I'm in a secure genny wealth + forget where you came from + resignmogging + become completely out of touch with the average lifestyle + switch up on my employer type of mood
🖼️🖇️ Pumpfun Replied To seeyouinzion

he should stop assaulting the chain or else he’ll suffer the consequences
Gnomeo (@seeyouinzion)
Why do you guys encourage and promote scammers like the Duve
🖼️📝 Pumpfun Tweeted

dress for the outcome you want

and the outcome you shall get
🖼️🖼️🔄 Pumpfun Retweeted PumpfunEco

365 days ago the biggest threat to employment hit the trenches

no employment, no education, no training. as God intended.

Happy Birthday @neet_sol! Don't forget to take the day off (and every other day for that matter) 🥳
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🖼️📝 Pumpfun Tweeted

and just like that I am now an expert in federal non-profit law
📝 Pumpfun Tweeted

The future of $PUMP

We have burned ALL bought back $PUMP tokens, around $370M worth of purchases (~36% of circulating supply), to gain trust with our community.

On top of that, we have initiated a programmatic buyback *and burn* scheme at 50% of revenue for the next year to instill trust, predictability, and sustainability for the underlying ecosystem - and to remove as much of the supply from circulation as possible.

$PUMP is changing; for the better of token holders, the team and the ecosystem.

Learn more about why we’ve made these decisions and where we’re headed next 👇
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🖇️ Pumpfun Replied To Pumpfun

Reflecting on pump fun’s journey so far

Pump fun was launched in January 2024 by a group of crypto natives who were tired of endless rugs & presale scams and wanted a safer, scalable system for anyone to tokenize anything in the most successful and fun way possible.

Pump fun rapidly achieved PMF, with Hundreds of Billions of Dollars in lifetime volume, >$1B revenue & some of the biggest success stories of this cycle - all of which were unprecedented achievements in our industry.

Later came the $PUMP token sale, raising $500m from the public in 12 minutes and a total of over $1B which helped to expand the ecosystem over a long term time horizon.

Now, one of our core focuses is to increase trust among the community and decrease uncertainty by burning ~$370M worth of $PUMP tokens (~36% of circulating supply) and initiating an irreversible programmatic buyback & burn scheme with 50% of revenues for the next year.
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🖇️ Pumpfun Replied To Pumpfun

Why we burned $370M worth of $PUMP tokens

Over the past ~9 months, despite being one of the biggest revenue generating platforms in crypto and allocating 100% of revenue to buybacks, we believe there was a lack of trust - in the longevity of the business, the certainty of buybacks, and what the bought-back tokens would be used for.

Today, uncertainty is being addressed head-on by taking a community-first approach. The initial step involves burning ~$370M worth of $PUMP tokens, around ~36% of the circulating supply, as a gesture of trust for the community.

The burn occurred today at 20:52 UTC across 2 transactions. View the burn transactions here:

https://solscan.io/tx/5yc86uJeUcoJrsL8g5ZUWJ733KRvNrUThkmRiQY9vzWhpLvbi5tEDauJjp7BRs1CgdCihFF8wjjnodXfAHJyu3P2

https://solscan.io/tx/3yXmFwbvspergxtwDyQYRMWkZ8i9AEYWboiadE3j52uLrcrHN7ec8zL7rnfvLzsYFf16V7YuF6kun7f3FPoAoZaK
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🖼️🖼️🖼️🖇️ Pumpfun Replied To Pumpfun

Today, we’re excited to announce that we have also initiated a buyback scheme under our long term goal to remove and burn as much of the circulating token supply as possible.

$PUMP buybacks & burns have been programmed to occur at 50% of revenue via an irreversible locked smart contract for 1 year.

This means 50% of all net revenue from the pump fun Bonding Curve, PumpSwap & Terminal is automatically used to purchase $PUMP on the open market and immediately burn 100% of those purchases.

Buyback & burns are carried out as follows:

1. Transaction happens on the pump fun Bonding Curve, PumpSwap or Terminal
2. 50% of net fee revenue goes towards a set of intermediary wallets
3. Periodically, all intermediary wallets consolidate funds into 1 of 2 buyback & burn wallets
4. The buyback & burn wallets carry out ongoing buyback & burns

Example transactions (random txn, not affiliated with pump fun):

1 & 2: https://solscan.io/tx/54ZKMX74e1D3Ek6gb9VTtUvmu4LCuM81d7b4LwZrGa9ozXcLtSyYXr6KT5cfS9qWn7rUvD7pje9Dbp3nKRd3kxz7

3: https://solscan.io/tx/2dxpwjPSJEADSkn2RCKGFvQbt9gZyVViQMbPTf4Ybtf2evySgvQ135zebYS97q4nmqJmnmcdfs1Fqrd6UZ2fyh1p

4 (buy): https://solscan.io/tx/4MD8thT9XYaViCJbWGtfUdggMLpaKcDBHHnmkY7Kq8f4ZuwVPUtT7e95tAnNTZs874gCwPt4tgbgm1Fowz4uSjDg

4 (burn): https://solscan.io/tx/3yHqeWtVk1YPxsycQvXExSronWeASUYatRZPc9PVVoRELcdGo5db6j4TMKPuPD9oxXriP9jjBNzAjbRaoB2dYVNZ

Track ongoing buybacks & burns at http://fees.pump.fun.Pump.fun (@Pumpfun)
Why we burned $370M worth of $PUMP tokens

Over the past ~9 months, despite being one of the biggest revenue generating platforms in crypto and allocating 100% of revenue to buybacks, we believe there was a lack of trust - in the longevity of the business, the certainty of buybacks, and what the bought-back tokens would be used for.

Today, uncertainty is being addressed head-on by taking a community-first approach. The initial step involves burning ~$370M worth of $PUMP tokens, around ~36% of the circulating supply, as a gesture of trust for the community.

The burn occurred today at 20:52 UTC across 2 transactions. View the burn transactions here:

solscan.io/tx/5yc86uJeUco…

solscan.io/tx/3yXmFwbvspe…
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🖇️ Pumpfun Replied To Pumpfun

Why 50% buybacks?

Consistent buybacks & burns are the most effective way to remove as much of the circulating $PUMP supply as possible. After being one of the only crypto projects allocating 100% of revenue to buybacks over the past ~9 months and now burning all of those tokens, 50% of future revenue has been dedicated to programmatic buybacks & burns.

The remaining 50% of revenue will be used to build a sustainable business with less reliance on our existing treasury. If we forgo retaining a portion of revenues for operations and growth, we run the risk of our treasury being throttled by burn rather than being used for high impact strategic investments, such as impactful acquisitions & new product ventures.

Additionally, retained revenues will supplement ongoing initiatives which focus on injecting capital into the pump fun ecosystem. We’ll be able to more aggressively hire to build elite product teams, take bigger bets, and push marketing campaigns across our product suite to build an incredibly successful ecosystem

The goal is for pump fun to live on for decades.
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🖇️ Pumpfun Replied To Pumpfun

Why 1 year?

The 1 year programmatic buyback and burn scheme was designed specifically with transparency & the community in mind.

Too short of a timeframe means the community may feel uncertain about future programmatic buyback structures, and too long of a timeframe means the underlying ecosystem may suffer as a result of less agility.

We look forward to communicating our plans and platform developments over the next year – with full focus on the trust of the community & ecosystem. We’re incredibly excited for what the next year brings and the years that follow.
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💬 a1lon9 Quoted Pumpfun

today is a turning point for $PUMP and pump fun

I want to give more context on the bigger picture and where we're actually going.

over the past ~9 months, 100% of revenue went into buybacks. basically no other platform in crypto has done that at this scale.

however, we received ongoing feedback specifically on the feeling of a lack of trust - in the certainty of buybacks, in what would happen to the bought-back tokens, even in whether the business itself would be here in a year.

today, we’re changing that.

it started with burning ~$370M worth of $PUMP purchases. ~36% of the circulating supply removed from circulation, forever.

but that isn’t enough. we’ve also allocated 50% of our next year of revenue to programmatic buybacks & burns. no more uncertainty for those who believe in us & those we’re proud to call our community.

but why not 100%? the short answer is the business simply needs the other 50% to grow.

a large treasury gives us the flexibility to make big bets over the next 5-10 years, and 50% of ongoing revenue enables us to build better products, infrastructure & reinvest into the ecosystem. I am extremely confident that 50% of the business we're building toward will dwarf 100% of the business we have today.
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🔄 Pumpfun Retweeted a1lon9

today is a turning point for $PUMP and pump fun

I want to give more context on the bigger picture and where we're actually going.

over the past ~9 months, 100% of revenue went into buybacks. basically no other platform in crypto has done that at this scale.

however, we received ongoing feedback specifically on the feeling of a lack of trust - in the certainty of buybacks, in what would happen to the bought-back tokens, even in whether the business itself would be here in a year.

today, we’re changing that.

it started with burning ~$370M worth of $PUMP purchases. ~36% of the circulating supply removed from circulation, forever.

but that isn’t enough. we’ve also allocated 50% of our next year of revenue to programmatic buybacks & burns. no more uncertainty for those who believe in us & those we’re proud to call our community.

but why not 100%? the short answer is the business simply needs the other 50% to grow.

a large treasury gives us the flexibility to make big bets over the next 5-10 years, and 50% of ongoing revenue enables us to build better products, infrastructure & reinvest into the ecosystem. I am extremely confident that 50% of the business we're building toward will dwarf 100% of the business we have today.
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🎥📝 Pumpfun Tweeted

Introducing Charity Coins, a much needed solution for charities & traders

In exclusive collaboration with @donatedotgg, we’re democratizing creator fee donations to charities: less griefing, less vamps & less tax implications

Learn more 👇
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🖇️ Pumpfun Replied To Pumpfun

Oftentimes, the trenches rally around a charitable narrative and attempt to redirect creator fees to a good cause

However, creator fee donations are the Coin Admin’s responsibility to carry out, which leads to uncertainty among traders, more PVP/griefing and less positive outcomes for the charity which a token is focused on
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🖇️ Pumpfun Replied To Pumpfun

Furthermore, Coin Admins may trigger taxable events when claiming creator fees, even if their intention is to donate 100% to charity

And in cases where social authentication is required for a charity to accept fees, charity X accounts can become targets for bad actors to compromise & steal funds
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