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Pump.fun guide: creating and trading meme coins
Meme tokens have become an integral part of the cryptocurrency industry: according to CoinMarketCap, the market capitalization of meme tokens exceeds $66.75 billion. This sector is increasingly attracting crypto-enthusiasts looking for quick investment opportunities.
In this context, the Pump. fun platform allows everyone to create meme-tokens on the #Solana blockchain. Pump. fun What is Pump. fun? Pump. fun is a platform for trading and creating #meme tokens on the Solana and Blast blockchains. Launched in January 2024, it creates nitium-based illiquid meme coins for a fee of 0.02 SOL. The service has quickly gained popularity due to its features. The service ensures that all meme coins are launched without pre-sales or team assignments to prevent speculation and fraud. the platform's homepage. pump. fun. Once a meme coin is created, trading begins. As soon as enough users purchase tokens and the market capitalization reaches $69,000, Pump. fun automatically stops trading and transfers the assets to the liquidity pool on Raydium. In the case of Blast network tokens, the market capitalization required to place liquidity on Thruster DEX is US dollars. The platform is currently privately managed by anonymous founders, but has received initial support from venture capital firm Alliance DAO. The main features of Pump. fun include. Developers can choose a name, ticker and image for their #token and list it on the site for 0.02 SOL. Assets are instantly available for trading. Bond Curve Dynamics. The platform dynamically determines the price of a token using a mathematical model called the bond curve. As demand increases, the price rises, allowing early investors to benefit from a lower initial price. The liquidity provisioning and burning mechanism. When thresholds are reached ($69,000 for Solana tokens and $420,000 for Blast tokens), Pump. fun places meme tokens on Raydium. Some of the liquidity can then be burned, reducing supply and increasing the value of the asset. "lagging" protection. tokens issued on Pump. Trading Terminal. the pump. fun trading terminal. source: pump. fun. October 19, 2024, Pump.
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