Pump Bank is live.
CA: 82vduQN17bqRQQvzBgA1gDSknoaTCc1qCUu2dNTNpump
This is the official launch site. A coin issued here deploys on https://t.co/SqJCYHoWxV with one shared reserve written in as its creator from the first trade. That is the whole mechanism.
There is no extra contract, and the launcher does not keep the creator fee.
Every trade on a member coin accrues that fee to the reserve. Every five minutes the reserve sweeps it and pays $PUMPBANK holders in SOL, pro-rata. No claim button. No treasurer. The receipt is on-chain.
https://t.co/EF7inCnXK2
The plan was simple.
Devs were keeping the creator fees. We built a bank that sends them to holders instead.
Launch through Pump Bank and the reserve is written in as creator from the first trade. Every buy and sell on that coin pays it. Not a wallet. The protocol.
Hold solana:2jCt3hj9vd7YpV7Sr3VA5nk3tdSpJtZezeoJXW4Xpump. Every five minutes those fees are claimed and paid out in SOL, pro-rata, on-chain. No claim button.
More member coins, more fees, more SOL to holders. That's the flywheel. That's why we built it.
Just shipped the update.
solana:2jCt3hj9vd7YpV7Sr3VA5nk3tdSpJtZezeoJXW4Xpump now shows price, market cap and holders. Creator fees are claimed on a timer and paid out in SOL, every five minutes.
Pump Bank is live. The machine is running.
solana:2jCt3hj9vd7YpV7Sr3VA5nk3tdSpJtZezeoJXW4Xpump is the official coin. Holders just got paid in SOL. Creator fees are claimed on a timer and sent out every five minutes, on-chain.
https://t.co/mDN7bm7l8o
Everything should be running now, we are fixing the last issues but the token is live on our website.
https://t.co/mDN7bm6NiQ
It will run from next cycle in about 5 minutes.