COLLECTION TOKEN

What is Pump.fun?

Pump.fun is a platform that enables users to easily create and trade memecoins on the Solana blockchain without needing to code. It uses a "fair launch" method with a bonding curve to automatically set token prices based on demand, and has functioned as a launchpad for many meme tokens since it launched in early 2024. 

Easy coin creation: Users can create a new memecoin by uploading an image and choosing a name and ticker for a small fee. 

Fair launch model: The platform uses a bonding curve to price tokens, which means they are created and sold without a presale, and early buyers often get the best prices. 

Profit and fees: Pump.fun makes money by taking a 1% fee on all token trades and an additional fee when a token "graduates" to a higher market cap. 

Safety features: The platform was designed to prevent "hard rug pulls," which are malicious programs that steal funds, by standardizing the code. However, it is not immune to "soft rug pulls," where creators can still abandon a project after it gains traction.