In the Solana blockchain ecosystem, where memecoin projects are rapidly multiplying, pump.fun was created to enable the easy and fast creation of tokens and provide quick access to them. Since its launch, it has attracted significant attention. This launchpad, which allows users to effortlessly create memecoins, recently introduced its own cryptocurrency, the PUMP token. This article covers key details about pump.fun (PUMP), including its purpose, how the platform works, and how to trade PUMP token on BtcTurk | Global.
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What is pump.fun (PUMP)?
Operating on the Solana blockchain, the pump.fun platform makes the process of creating memecoins extremely fast and affordable. Especially in 2024, the platform attracted significant attention, and the memecoins launched on pump.fun managed to generate substantial trading activity. As a result, it has become a common ground for both memecoin creators and users looking to buy and sell these assets.
Pump.fun, which can be described as a memecoin launchpad, also has its own decentralized exchange (DEX). Users can trade assets directly from their wallets using this DEX, called pump.swap.
How Does pump.fun (PUMP) Work?
Creating a memecoin on pump.fun is very simple. All you need to do is upload an image to represent the memecoin, enter its name, and write a brief description. However, since not every memecoin will succeed, pump.fun has set a minimum threshold that must be met.
Memecoins that receive enough demand to surpass the threshold are granted a real smart contract and are listed for trading on the decentralized exchange. However, memecoins that have not yet met the threshold are available for trading on pump.fun but do not actually have a smart contract.
This approach keeps the cost of creating memecoins on pump.fun low, as a real smart contract is only created for successful memecoins—not for every token issued.
Key Facts About pump.fun (PUMP)
- pump.fun was founded on January 19, 2024, by Noah Tweedale, Alon Cohen, and Dylan Kerler.
- pump.fun operates on the Solana blockchain.
- pump.fun is a memecoin launchpad platform.
- PUMP cryptocurrency is the native token of pump.fun.
- The PUMP token was distributed through an ICO. During the ICO, 33% of the total supply was allocated to private investors and public sale.
- The total supply of PUMP coins is capped at 1 trillion.
- The PUMP token is planned to be used in incentive mechanisms and buy-back processes on pump.fun.
- You can access the pump.fun website by clicking here.
How to Store pump.fun (PUMP)?
You can store and manage your PUMP assets using browser, desktop, mobile, or hardware wallets that support the Solana blockchain.
How to Buy and Sell pump.fun (PUMP)?
You can buy and sell pump.fun (PUMP) with Tether (USDT) using the BtcTurk | Global website or mobile app. If you’re not yet a member, you can easily register on our website or app and buy pump.fun (PUMP) by depositing cryptocurrency.
