💬 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.
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.
🧵 Thread • FxTwitter
Pump.fun (@Pumpfun)
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…
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…
❤1
🔄 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.
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.
❤1
🧵 Thread • FxTwitter
Pump.fun (@Pumpfun)
↩ (@Pumpfun)
Read more:
https://x.com/a1lon9/status/2049233387328565548?s=46
Quoting alon (@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…
Read more:
https://x.com/a1lon9/status/2049233387328565548?s=46
Quoting alon (@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…
🖼️🖇️ Pumpfun Replied To Pumpfun
pic.x.com/JzjAE7YO38Pump.fun (@Pumpfun)
Read more:
x.com/a1lon9/status/…
pic.x.com/JzjAE7YO38Pump.fun (@Pumpfun)
Read more:
x.com/a1lon9/status/…
🎥📝 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 👇
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 👇
❤1
🖇️ 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
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
🧵 Thread • FxTwitter
Pump.fun (@Pumpfun)
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 👇
In exclusive collaboration with @donatedotgg, we’re democratizing creator fee donations to charities: less griefing, less vamps & less tax implications
Learn more 👇
❤1
🖇️ 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
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
🧵 Thread • FxTwitter
Pump.fun (@Pumpfun)
↩ (@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…
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…
❤1
🖇️ Pumpfun Replied To Pumpfun
We’re excited to exclusively integrate http://http://donate.gg to address core issues, create more success cases for the trenches & make a positive impact on good causes
Now, traders can rally around narratives with less needless PVP, less tax implications & make a larger impact on charitable causes through memecoins, as well as preventing charities from becoming targets for bad actors
We’re excited to exclusively integrate http://http://donate.gg to address core issues, create more success cases for the trenches & make a positive impact on good causes
Now, traders can rally around narratives with less needless PVP, less tax implications & make a larger impact on charitable causes through memecoins, as well as preventing charities from becoming targets for bad actors
🧵 Thread • FxTwitter
Pump.fun (@Pumpfun)
↩ (@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…
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…
❤1
🖇️ Pumpfun Replied To Pumpfun
http://http://Donate.gg enables secure, trusted & compliant donations to over 10,000 charities. When creator fee donations are made, https://t.co/8Ae2mI7hOU processes the crypto and handles the transfer to the charity.
Please review the full terms and services for this integration at http://pump.fun/docs/charitycoins prior to using this feature.
http://http://Donate.gg enables secure, trusted & compliant donations to over 10,000 charities. When creator fee donations are made, https://t.co/8Ae2mI7hOU processes the crypto and handles the transfer to the charity.
Please review the full terms and services for this integration at http://pump.fun/docs/charitycoins prior to using this feature.
FxTwitter · donate.gg
Pump.fun (@Pumpfun)
↩ (@Pumpfun)
We’re excited to exclusively integrate http://donate.gg to address core issues, create more success cases for the trenches & make a positive impact on good causes
Now, traders can rally around narratives with less needless PVP, less tax implications…
We’re excited to exclusively integrate http://donate.gg to address core issues, create more success cases for the trenches & make a positive impact on good causes
Now, traders can rally around narratives with less needless PVP, less tax implications…
❤1
🖇️ Pumpfun Replied To Pumpfun
FAQs pt. 1
How do I redirect fees to a charity?
Head to creator fee settings on the pump fun mobile app or http://http://pump.fun web, choose to add a charity as a recipient, then search for your desired charity. We’ll handle the rest.
Are Charity Coins different from normal creator fee coins?
No, they are the same coin type. Instead of redirecting to a specific wallet address, Coin Admin’s will redirect to a verified charity whose wallet is managed by Donate.
How does the charity get the funds?
When creator fee donations are made, http://Donate.gg processes the crypto and handles the transfer to the charity. No onboarding required.
FAQs pt. 1
How do I redirect fees to a charity?
Head to creator fee settings on the pump fun mobile app or http://http://pump.fun web, choose to add a charity as a recipient, then search for your desired charity. We’ll handle the rest.
Are Charity Coins different from normal creator fee coins?
No, they are the same coin type. Instead of redirecting to a specific wallet address, Coin Admin’s will redirect to a verified charity whose wallet is managed by Donate.
How does the charity get the funds?
When creator fee donations are made, http://Donate.gg processes the crypto and handles the transfer to the charity. No onboarding required.
FxTwitter · donate.gg
Pump.fun (@Pumpfun)
↩ (@Pumpfun)
http://Donate.gg enables secure, trusted & compliant donations to over 10,000 charities. When creator fee donations are made, http://Donate.gg processes the crypto and handles the transfer to the charity.
Please review the full terms and services…
http://Donate.gg enables secure, trusted & compliant donations to over 10,000 charities. When creator fee donations are made, http://Donate.gg processes the crypto and handles the transfer to the charity.
Please review the full terms and services…
🖇️ Pumpfun Replied To Pumpfun
FAQs pt. 2
Can I make my existing coin into a Charity Coin?
Yes, you can adjust your fee settings to redirect a portion or all of your creator fees to up to 5 charities. If you have previously updated your fee settings, you may be locked from updating them again.
Can Charity Coins be CTO’d?
Yes. However, malicious behavior will not be tolerated and CTOs will only be permitted if it benefits the charity and/or narrative.
Onboarding charities disclaimer:
If you feel a charity should hear about your coin, engage with it or even endorse it, politely reach out and always avoid spam/abuse. Treat others with respect and abide by the terms of service of the platform you’re using.
FAQs pt. 2
Can I make my existing coin into a Charity Coin?
Yes, you can adjust your fee settings to redirect a portion or all of your creator fees to up to 5 charities. If you have previously updated your fee settings, you may be locked from updating them again.
Can Charity Coins be CTO’d?
Yes. However, malicious behavior will not be tolerated and CTOs will only be permitted if it benefits the charity and/or narrative.
Onboarding charities disclaimer:
If you feel a charity should hear about your coin, engage with it or even endorse it, politely reach out and always avoid spam/abuse. Treat others with respect and abide by the terms of service of the platform you’re using.
🧵 Thread • FxTwitter
Pump.fun (@Pumpfun)
↩ (@Pumpfun)
FAQs pt. 1
How do I redirect fees to a charity?
Head to creator fee settings on the pump fun mobile app or http://pump.fun web, choose to add a charity as a recipient, then search for your desired charity. We’ll handle the rest.
Are Charity…
FAQs pt. 1
How do I redirect fees to a charity?
Head to creator fee settings on the pump fun mobile app or http://pump.fun web, choose to add a charity as a recipient, then search for your desired charity. We’ll handle the rest.
Are Charity…
💬 a1lon9 Quoted Pumpfun
Beyond just massively reducing inefficiencies in the trenches, this integration represents a huge step in legitimizing memecoins.
Charitable institutions will no longer need to be manually onboarded to crypto (a huge burden) by sometimes ill-intentioned random people. Now, we have rails to properly onboard them in a secure way.
To celebrate this announcement, @Pumpfun related entities have entered a donation matching scheme across all Charity Coins. This means that the more Creator Fees you help raise for Charity, the more we donate!
I’m excited to see future success cases off the back of this update!
Beyond just massively reducing inefficiencies in the trenches, this integration represents a huge step in legitimizing memecoins.
Charitable institutions will no longer need to be manually onboarded to crypto (a huge burden) by sometimes ill-intentioned random people. Now, we have rails to properly onboard them in a secure way.
To celebrate this announcement, @Pumpfun related entities have entered a donation matching scheme across all Charity Coins. This means that the more Creator Fees you help raise for Charity, the more we donate!
I’m excited to see future success cases off the back of this update!
🧵 Thread • FxTwitter
Pump.fun (@Pumpfun)
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 👇
In exclusive collaboration with @donatedotgg, we’re democratizing creator fee donations to charities: less griefing, less vamps & less tax implications
Learn more 👇
❤1
🧵 Thread • FxTwitter
Pump.fun (@Pumpfun)
↩ (@Pumpfun)
Read more:
https://x.com/a1lon9/status/2049546970646081829?s=46
Quoting alon (@a1lon9)
Beyond just massively reducing inefficiencies in the trenches, this integration represents a huge step in legitimizing memecoins.
Charitable institutions…
Read more:
https://x.com/a1lon9/status/2049546970646081829?s=46
Quoting alon (@a1lon9)
Beyond just massively reducing inefficiencies in the trenches, this integration represents a huge step in legitimizing memecoins.
Charitable institutions…
🖼️🖇️ Pumpfun Replied To Pumpfun
pic.x.com/4SsNdup2SZPump.fun (@Pumpfun)
Read more:
x.com/a1lon9/status/…
pic.x.com/4SsNdup2SZPump.fun (@Pumpfun)
Read more:
x.com/a1lon9/status/…
🎥🔄 Pumpfun Retweeted TradingTerminal
Charity Coins are ready to trade on Terminal
- Charity Coin icons
- View Charity Creator Fee breakdowns
- Charity details on hover in new pairs feed
Make the switch to get first access to new pump fun updates 👇
Charity Coins are ready to trade on Terminal
- Charity Coin icons
- View Charity Creator Fee breakdowns
- Charity details on hover in new pairs feed
Make the switch to get first access to new pump fun updates 👇
❤1
🖇️ a1lon9 Replied To Pumpfun
@donatedotgg love to see our ecosystem make a meaningful impact in the world!!
@donatedotgg love to see our ecosystem make a meaningful impact in the world!!
🧵 Thread • FxTwitter
Pump.fun (@Pumpfun)
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 👇
In exclusive collaboration with @donatedotgg, we’re democratizing creator fee donations to charities: less griefing, less vamps & less tax implications
Learn more 👇
🔄 Pumpfun Retweeted a1lon9
Beyond just massively reducing inefficiencies in the trenches, this integration represents a huge step in legitimizing memecoins.
Charitable institutions will no longer need to be manually onboarded to crypto (a huge burden) by sometimes ill-intentioned random people. Now, we have rails to properly onboard them in a secure way.
To celebrate this announcement, @Pumpfun related entities have entered a donation matching scheme across all Charity Coins. This means that the more Creator Fees you help raise for Charity, the more we donate!
I’m excited to see future success cases off the back of this update!
Beyond just massively reducing inefficiencies in the trenches, this integration represents a huge step in legitimizing memecoins.
Charitable institutions will no longer need to be manually onboarded to crypto (a huge burden) by sometimes ill-intentioned random people. Now, we have rails to properly onboard them in a secure way.
To celebrate this announcement, @Pumpfun related entities have entered a donation matching scheme across all Charity Coins. This means that the more Creator Fees you help raise for Charity, the more we donate!
I’m excited to see future success cases off the back of this update!
❤1
🔄 Pumpfun Retweeted a1lon9
we're also hiring for Senior Staff and Staff React Native Engineer roles
we strongly believe the next wave of mass retail onboarding in crypto will come from mobile apps, which is why we’re strongly positioning ourselves by building several mobile products
if you're an experienced engineer with a track record of owning & shipping large, complex systems end-to-end, join one of the most promising teams in crypto using the link below!
we're also hiring for Senior Staff and Staff React Native Engineer roles
we strongly believe the next wave of mass retail onboarding in crypto will come from mobile apps, which is why we’re strongly positioning ourselves by building several mobile products
if you're an experienced engineer with a track record of owning & shipping large, complex systems end-to-end, join one of the most promising teams in crypto using the link below!
🖼️📝 Pumpfun Tweeted
Top Charity Coins by creator fee donation amount so far 👀
Top Charity Coins by creator fee donation amount so far 👀
🖇️ Pumpfun Replied To Pumpfun
Note: this leaderboard contains only Charity Coins who redirected creator fees to a charity supported by http://donate.gg. This list doesn’t contain the many great OG charity coins who are doing great things on pump fun!
Note: this leaderboard contains only Charity Coins who redirected creator fees to a charity supported by http://donate.gg. This list doesn’t contain the many great OG charity coins who are doing great things on pump fun!
🧵 Thread • FxTwitter
Pump.fun (@Pumpfun)
Top Charity Coins by creator fee donation amount so far 👀