PumpFun Continues to Innovate with Free Meme Coin Issuance and Bonding Curve Rewards

IconCryptoNewsTerminal Staff08 Aug, 2024

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PumpFun Continues to Innovate with Free Meme Coin Issuance and Bonding Curve Rewards

PumpFun, the Solana-based meme coin creation tool, has announced two new proposals that are sure to excite the community. The first proposal will allow for the free issuance of meme coins, while the second will reward issuers who complete the bonding curve with 0.5 SOL (worth about $80). Both proposals are currently in the testing (beta) phase, and the bonding curve reward will be paid from the PumpFun migration fee of 1.5 SOL regardless of whether issuers hold the meme coin or not. The community has reacted positively to the news, with many users commenting that the proposals will help to further democratize the meme coin market. One user said, "the current situation where hundreds of meme coins are issued will continue," while another said, "meme coins that have received fees will gain credibility." PumpFun has gained popularity since Solana's rise, and on July 29th, its fee revenue even surpassed that of Ethereum. The platform allows users to create their own meme coins with just a few clicks, and it has quickly become a favorite tool for crypto enthusiasts. The new proposals from PumpFun are sure to further increase the popularity of the platform. By making it easier and more rewarding to create meme coins, PumpFun is helping to create a more vibrant and diverse crypto ecosystem.