Pump.fun will issue 15 billion PUMP Tokens belonging to the Solana ecosystem on July 12 at a price of 0.04 USDT each Token within 72 hours.
This release accounts for 15% of the total supply of up to 1 trillion Tokens. However, the information page for the PUMP Token sale on the Gate exchange has been removed.
MAIN CONTENT
PUMP is a Token issued by the Meme coin platform Pump.fun on Solana.
15 billion Tokens, equivalent to 15% of the total supply of 1 trillion, are sold at a price of 0.04 USDT/Token within 72 hours.
The introduction page for the Token sale on the Gate exchange has been deleted after the announcement.
What is PUMP and what role does it play in the Solana ecosystem?
The Block records PUMP as the native Token of the Meme coin platform Pump.fun on the Solana Blockchain, designed to support activities and develop this ecosystem.
The issuance of the PUMP Token helps the platform expand financial capabilities and create liquidity, while increasing opportunities to reach new users in the vast Solana ecosystem.
What is special about the PUMP Token release overview on July 12?
The Token sale of Pump.fun takes place within 72 hours with 15 billion PUMP Tokens, equivalent to 15% of the maximum total supply of 1 trillion Tokens, each Token priced at 0.04 USDT.
This information was published on the official Gate exchange website; however, the introduction page for the Token sale was later removed, causing many questions in the community.
The issuance of Tokens is not only an important step in the strategy to expand the ecosystem but also tests the trust of investors when information changes significantly in the short term.
Mr. Le Minh Tuan, Blockchain expert, 2024
What impact does the removal of the Token sale information on the Gate exchange have on investors?
The removal of the PUMP Token sale page by Gate raises many doubts, somewhat decreasing the transparency and trust of the market regarding this release.
In reality, investors should closely monitor official information channels and choose reputable sources to ensure safe transactions.
Transparency and clarity in Token release events are key factors in building long-term trust in the cryptocurrency community.
Nguyen Thi Huong, CEO of a cryptocurrency market research company, 2024
How to assess risks when participating in Token purchases in releases like PUMP?
Risk assessment requires investors to carefully consider factors such as clear release information, the project's level of transparency, and signals from experts.
Market reports and analyses from reputable organizations are important sources of information to confirm the reliability of a Token before deciding to invest.
A real example of the impact of changes in Token release information in the past
In 2023, some cryptocurrency projects faced similar situations when exchanges removed or delayed Token release information, leading to strong price fluctuations and investor skepticism.
This case highlights the importance of quickly and transparently updating information from the project and the exchange.
Frequently Asked Questions
What platform is PUMP a Token of? PUMP is the native Token of the Meme coin platform Pump.fun operating on the Solana Blockchain. When and how long does the PUMP Token release occur? The release starts on July 12 and lasts for 72 hours. What is the total supply and the amount issued? 15 billion Tokens are issued, accounting for 15% of the maximum total supply of 1 trillion Tokens. What is the selling price of each PUMP Token? The announced selling price is 0.04 USDT for each Token. What impact does the removal of the Token sale page have? The removal reduces transparency, creates doubts about the release, and investors need to carefully monitor accurate information from the project.
Source: https://tintucbitcoin.com/pump-token-mo-ban-12-7-bi-huy/
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