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Revised Memecoin Creators Face Potential 10-fold Fee Reduction with Pump.fun's Upgrades; Snorter Token Approaches $4 Million Mark

"Meme Coin Creators Now Share Platform Revenue through Pump.fun's Fee Rebalancing: Project Ascend

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Memecoin creators stand to gain 10 times more with Pump.fun's fee revamp, as the Snorter Token...
Memecoin creators stand to gain 10 times more with Pump.fun's fee revamp, as the Snorter Token edges closer to a $4 million valuation.

Revised Memecoin Creators Face Potential 10-fold Fee Reduction with Pump.fun's Upgrades; Snorter Token Approaches $4 Million Mark

Pump.fun is a platform where users can create and trade Meme-Tokens in a playful manner. The platform has often emphasised trust-building by retaining a portion of its own token ($PUMP) in a trustee or "lock-up" system to avoid conflicts of interest and maintain stability within the ecosystem.

What is "eigenes Epositiert"?

The term "eigenes Epositiert" is uncommon in the context of DeFi or Tokenomics. It likely refers to the fact that Pump.fun has placed a portion of the $PUMP-Token reserves in a Time-Lock or DAO to demonstrate that the team does not make hasty withdrawals or manipulate the market excessively.

Typical Procedure

  • Token Allocation: In many platforms, 10-30% of the Tokens are reserved for the team, founding, or the community reserve.
  • Lock-Up: These Tokens are often locked away for months to years in a Time-Lock or Multisig wallet.
  • Transparency: The addresses of these wallets are made public for tracking purposes, ensuring that no manipulation is taking place.
  • Gradual Release: After the expiration of the lock-up period (vesting), the Tokens are gradually released.

Current Situation (as of 2023/2024)

For Pump.fun, there are (as of the Knowledge Cutoff 2023-12) no definitive figures available regarding the number of $PUMP-Tokens actually locked away in a Time-Lock or DAO. The best way to stay informed is to consult the official Pump.fun website, the Whitepaper, documentation, or their blog. Such measures are often communicated through Medium articles, Twitter threads, or Discord announcements.

Blockchain Explorer

You can also use Blockchain Explorers like Etherscan (for Ethereum) or Solscan (for Solana, if $PUMP runs on Solana) to verify the Smart Contracts or Multisig wallets of Pump.fun. Here, you can see how many Tokens are locked and when they will be released.

In Conclusion

To find out the exact amount and the time of the lock-up of $PUMP-Tokens by Pump.fun, you should:

  • Consult the official channels (website, blog, social media) of Pump.fun.
  • Read the Whitepaper or the documentation.
  • Use Blockchain Explorers to verify the actual wallets and transactions.

If you need specific links or guidelines for verification, I can certainly provide step-by-step instructions – just let me know!

Additional Information:

  • Higher-cap coins will have lower fees on PumpSwap DEX, allowing creators to reinvest back into marketing and exchange listings.
  • Pump.fun has invested over $44M into its own $PUMP token to boost confidence in the Pump.fun ecosystem.
  • The Snorter Token presale is ongoing, with the token currently priced at $0.1033.
  • The Snorter Token presale has already raised over $3.6M in token reservations.
  • Snorter Bot's honeypot detection engine has a 85% success rate in beta testing for detecting potential rugpulls.
  • Pump.fun temporarily lost the revenue crown to Bonkfun but plans to capture 68% of the market this month by posting $35M in revenue.
  • Pump.fun is the biggest launchpad platform on the Solana blockchain in revenue and market cap.
  • Pump.fun's changes are expected to bring more users and capital into the meme coin space, potentially leading to an increase in the value of Snorter Token ($SNORT).
  • The launchpad market has skyrocketed to $50M+ in revenue in the last 30 days.
  • Snorter Bot aims to solve the problems of reaction time and scams in trading meme coins with its services.
  • Snorter Bot is adding support for Ethereum, BNB, Polygon, and Base after launch, in addition to Solana support at launch.
  • Staking $SNORT token can potentially earn up to 125% APY ahead of a pre Q4-2025 release of Snorter.
  • Holding $SNORT token lowers transaction fees to 0.85%, below the 1% industry average for bots.
  • Snorter Token ($SNORT) is the official token of Snorter Bot, a Telegram-based trading bot that simplifies trading memecoins.
  • Snorter Bot can automatically trade a dynamically curated list of the best altcoins with buy and sell orders.
  • Pump.fun's new fee structure aims to attract large investors to new coins once they take off.
  • Holding $SNORT token grants access to a high-speed Solana RPC for executing sub-second transaction orders.
  • Project Ascend is Pump.fun's plan to remove flat fees for newly-created meme coins and charge creator fees based on the coin's market cap.
  • Alon Cohen, co-founder of Pump.fun, stated that high fees have hindered the growth of Pump.fun meme coins.
  • Holding $SNORT token unlocks unlimited trades per day for Snorter's mirrored trading function.

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