Solana meme coin issuance platform Pump.fun is preparing to launch its native PUMP Token, and now reports suggest that part of the protocol revenue will be distributed to PUMP Token holders.
According to The Block's report citing sources, this plan will run alongside a creator revenue-sharing mechanism, encouraging long-term platform participation from users and creators. It is understood that Pump.fun plans to raise $1 billion through an Initial Coin Offering (ICO) with a valuation of up to $4 billion.
Dual Revenue Sharing Mechanism
In terms of revenue distribution, Pump.fun is reportedly planning to distribute 50% of its decentralized exchange PumpSwap protocol revenue to PUMP Token holders through automated SOL payments, thereby enhancing community investment participation.
Pump.fun had already implemented a mechanism in mid-May to distribute 50% of PumpSwap's total revenue (0.05% of each transaction volume) to token creators to incentivize creators and reduce "pump and dump" risks. A "buyback-driven utility structure" linked to Pump.fun's total revenue might be implemented for the PUMP Token, though the specific ratio remains unknown.
These two revenue distribution models will coexist.
PUMP Token Issuance and Platform Performance
Regarding PUMP Token issuance, sources indicate the team plans to launch through public sales and private placement, with a potential private sale price of $0.004 per token. Public sales are expected to account for about 25% of total supply, with 10% allocated for airdrops, and a total token supply cap of 1 trillion.
Public sales may occur within approximately two weeks and could be listed on exchanges like Binance. In terms of revenue, The Block's data shows that Pump.fun has accumulated approximately $677 million in revenue since its launch in early 2024. Daily revenue peaked at over $7 million on January 23rd and currently maintains around $1 million. Simultaneously, the proportion of tokens successfully "graduating" to DEX from the platform has increased from recent lows of under 1% to over 4%, potentially boosted by token issuance expectations.
