The $PUMP Token Is Coming, Here's Everything You Need To Know

Written by Jason Krutzky, Chartered Meme Technician at Spot Trading.

The trenches have been waiting for an official token from the Pump.Fun team, and now the $PUMP token is coming.

Here's everything you need to know about the $PUMP token launch. 

📊 Breaking Down The Tokenomics

The $PUMP token will have a maximum supply of 1,000,000,000,000 and will be distributed as follows:

• 33% will be sold in the Initial Coin Offering

• 24% reserved for community and ecosystem initiatives

• 20% to the team

• 2.4% to the ecosystem fund

• 2% for the foundation

• 13% to existing investors

• 3% for livestreaming

• 2.6% for liquidity + exchanges

💫 Here Are The ICO Deets of The $PUMP Token

The $PUMP token will be launched through an Initial Coin Offering (ICO).

In the ICO, 33% of the token supply is being sold: 18% in a private sale for institutional purchasers and 15% in a public sale. Both private sale and public sale purchasers are on the exact same terms - each token will be sold at a price of $0.004.

All tokens sold as a part of the ICO will be fully unlocked on day 1 of the token becoming tradeable, and the private sale has already been fully allocated.

📊 How To Participate In The Public Sale

1) Complete KYC verification on http://token.pump.fun or on any of their partners' non-US platforms: 

• Bybit

• Kraken

• Bitget

• Mexc

• Kucoin

• Gateio

  
  

If you have already completed KYC verification on any of these platforms, you don’t have to verify yourself again - you can use your existing account for the $PUMP token public sale.

2) Have funds ready to purchase tokens on the platform where you completed verification.

3) Be ready at 14:00 UTC on Saturday, July 12th! US and UK citizens and residents can’t participate in the $PUMP token ICO, and no offer to purchase is being solicited in the US, UK, or anywhere not permitted.

The public token sale will take place until all 150,000,000,000 tokens are sold or at 14:00 UTC on Tuesday, July 15th, whichever comes first.

Shortly after the public sale ends, token sale participants will receive their tokens. Tokens will initially be non-transferable, meaning that they cannot be traded.

48-72 hours after the token sale ends, tokens will become transferable.

📢 My Take On This Announcement

Simply put, I think it's time for the Pump.Fun team to put up or shut up, and I think the trenches feel the same. 

There's a lot of opportunity here for them to take back the lead from Bonk in The Launchpad Wars™️, but they've got work to do. This is evidenced by the chart below. From 92% to 21.3% market share in 8 days. Yikes.

Remember when I said 'Things move fast around here'? This is what I meant.

Their reputation has been heavily tarnished. The trenches see them as max extractors, with this coin being the final nail in that coffin. 

What they do with the airdrop is important, and hopefully, they'll give us some clarity on it before the launch on Saturday. If that gets swept under the rug, sentiment for Pump.Fun will hit all-time lows. 

Creators and streamers are going to cook. This technology is important for Pump.Fun's ecosystem, so it makes sense they're rewarding early adopters. I expect this will be a major focus for the team moving forward.

Between now and launch day, I recommend you monitor the key coins from each ecosystem. Their respective price action might be the tell as to whether or not smart money thinks there's opportunity here in the $PUMP token launch. I'm personally using $USELESS as my bellwether. 

And finally, with any luck, the Pump.Fun team will blow this out of the water. The coin will do well. They'll push hard to innovate. Their dominance will test the resolve of other teams building in the space. 

I believe these are the power dynamics that will drive the next big leg of many key coins.