GuShiio.com GuShiio.com learned that Pumpfun, a token launch platform on Solana, is preparing to issue tokens and conduct public offerings. It will adopt the Dutch auction model and is working with a centralized exchange to develop the system.
Previously, Binance co-founder He Yi also mentioned the use of the Dutch innovation token IEO model in the AMA. Dutch-style auctions, also known as reduced prices, start at a high price and fall at a fixed rate. Participants bid at what they see appropriate prices.
This information was first sent by@hebi555, and the GuShiio.com team confirmed it with multiple relevant exchange people. GuShiio.com understands that according to early data, the total number of pumpfun tokens is 420 million, and the initial circulation is 210 million for public sales; the team share accounts for 25%, and early investors account for 22.05%, both of which are one-year cliff + three-year monthly unlocking model. This information may have changed at present.
Pumpfun has currently earned approximately US$572 million in fees and transferred approximately US$386.8 million to Kraken. Recently, many lawsuits filed against Pumpfun in the United States may have an impact on whether it will eventually issue tokens.
Pumpfun co-founder alon responded by seeing rumors about potential pump fun tokens-these are all wrong and advising not to listen to anything that is not directly from the official. Although the pump fun team has been mainly committed to product improvement during its one-year development process, the team has always been committed to giving users appropriate rewards. Good things take time!
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