today is a turning point for $PUMP and pump fun
I want to give more context on the bigger picture and where we're actually going.
over the past ~9 months, 100% of revenue went into buybacks. basically no other platform in crypto has done that at this scale.
however, we received ongoing feedback specifically on the feeling of a lack of trust - in the certainty of buybacks, in what would happen to the bought-back tokens, even in whether the business itself would be here in a year.
today, we’re changing that.
it started with burning ~$370M worth of $PUMP purchases. ~36% of the circulating supply removed from circulation, forever.
but that isn’t enough. we’ve also allocated 50% of our next year of revenue to programmatic buybacks & burns. no more uncertainty for those who believe in us & those we’re proud to call our community.
but why not 100%? the short answer is the business simply needs the other 50% to grow.
a large treasury gives us the flexibility to make big bets over the next 5-10 years, and 50% of ongoing revenue enables us to build better products, infrastructure & reinvest into the ecosystem. I am extremely confident that 50% of the business we're building toward will dwarf 100% of the business we have today.
I said this before: make sure that if you die suddenly there’s a way the people you care about can access your money. Put the keys in a bank safe, put the key to the safe in your last will.
- you get into crypto
- you make money
- you store everything yourself
- nobody knows your keys
- one day you’re gone
- your wallet is still there
- but no one can access it
- your wealth doesn’t transfer
- your money just stays locked forever
I just swept 20 Goblins and heres why:
I truly think these are some of the most culturally significant NFTs from the mania.
If you were involved in the space at that time you remember how insane things got when these minted.
OG Relics on the blockchain we must preserve.