Void
28 posts
@leap_xyz donate.gg/campaigns/help…
Can you please link this in the charity tab to allow donations to go to it and tell me how I can search for it?
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I want to be honest about where we're at.
most crypto companies have trended to zero. most of the names you saw at the top last cycle aren't even building anymore. we've taken our share of hits too - endless FUD, a hack, numerous market pullbacks. and yet pump fun is still here. still profitable. still building. still the most-used onchain trading platform in the space.
some people already think pump fun is a success. I don't.
the mission is to bring token launching and trading to the rest of the world, and to grow within the decades to come. To do that we have to survive multiple cycles, build a product so good that non-crypto natives use it without thinking, and turn pump fun from just a memecoin launchpad into the default place anything tokenizable gets launched and traded onchain.
bear case: we lose PMF while trying over the course of many many years. we don’t fulfil our vision.
bull case: we hit PMF again and become a generational consumer platform.
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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.
Pump.fun@Pumpfun
The future of $PUMP We have burned ALL bought back $PUMP tokens, around $370M worth of purchases (~36% of circulating supply), to gain trust with our community. On top of that, we have initiated a programmatic buyback *and burn* scheme at 50% of revenue for the next year to instill trust, predictability, and sustainability for the underlying ecosystem - and to remove as much of the supply from circulation as possible. $PUMP is changing; for the better of token holders, the team and the ecosystem. Learn more about why we’ve made these decisions and where we’re headed next 👇
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