The pump fun game has always been rigged. They amplify some of the worst on chain actors. They don’t get paid when you hold coins. Only when you deploy. Constant churn. Every new entrant who downloads the app to check out crypto gets rinsed and never comes back. That’s why they are paying all the grifters massive call out rewards. Keep the churn going as long as possible.
F that. F pumpfun. $FPUMP
the standard launchpad has a unique feature where tokens deployed can airdrop tokens to charter holders
charter holders are members in the ecosystem that have spent a minimum of 3 eth (current auction clearing) and are incredibly aligned with the standard reserve protocol
the unique mechanism is that this airdrop requires charter holders to BURN their nft and position in order to claim their airdrop. this leads to a unique prisoners dilemma not present in any other project and launchpad
it is not an “80% bundle”, it is a vault contract that holds the airdrop that distributes the tokens when charter holders burn
happy to give additional context to anyone
The 79% holder is the contract for tokens being held in reserve for charter owners on @standard_rsv
There are 867 owners of the 79%.
This is how their launchpad works where a new coin can reserve tokens for their NFTs that have to claim them by burning their NFTs that have a 4eth ish floor.
No charter gets more than 2.2m tokens.
The 79% holder is the contract for tokens being held in reserve for charter owners on @standard_rsv
There are 867 owners of the 79%.
This is how their launchpad works where a new coin can reserve tokens for their NFTs that have to claim them by burning their NFTs that have a 4eth ish floor.
No charter gets more than 2.2m tokens.
Let that sink in. The reason why we don't have runners on Pumpfun is simple.
Pumpswap
Back in the day before Pumpswap compared to Todays Pumpswap.
Don't tell me Pumpfun is good. It's a full Extraction.