Token Economics, Token Release Rules, KYC, Use of Token Sale Proceeds, Sales Restriction Areas...
Written by: KarenZ, Foresight News
The long-awaited ICO for pump.fun, which has been labeled as 'the last cut,' has finally been settled.
On the evening of July 9th, around 22:00, the pump.fun official announced that the PUMP token sale would commence on July 12th. Prior to this, platforms such as Gate and Bybit had already released the sales page for PUMP tokens.
PUMP Token Economics
PUMP is the utility token for the Pump.fun token launch platform and exchange platform, and future utility mechanisms such as fee refunds, token buybacks, or other incentives will also be considered. The maximum supply of PUMP is 1 trillion tokens, with the following distribution:
33% will be sold in the initial token issuance
24% allocated to community and ecosystem plan
20% allocated to the team
2.4% for the ecosystem fund
2% for the foundation
13% for existing investors
3% allocated to live broadcasts
2.6% for liquidity + exchanges
How will tokens be released?
According to the PUMP release schedule, tokens allocated to the team (20%) and existing investors (13%) will be gradually unlocked starting July 2026; the portion allocated to the community and ecosystem plan (24%) will be gradually unlocked starting from the first day of token issuance and will be fully allocated by July 2026; other portions allocated to ICO, liquidity + exchanges, and foundations will be fully unlocked on the first day of token issuance.
Community speculation suggests that a portion of the tokens reserved for the 24% community and ecosystem plan may be used for airdrops. In the token release schedule, the portion allocated to the community and ecosystem will be fully unlocked when all issuance revenue is unlocked, while the remaining portion will be gradually released.
Core Information on Initial Token Sale
Initial token sale ratio and channels
33% of the total supply is allocated for the initial token issuance, of which:
18% for institutional exclusive private sales (fully allocated);
15% for public sales, which will be conducted simultaneously through the pump.fun official website and six centralized exchanges, including Bitget, Bybit, Gate, Kraken, KuCoin, and MEXC.
Sales Terms and Pricing
The private sale and public sale are unified at a price of $0.004 per token, and all ICO tokens will be fully unlocked on the first day of launch. Regardless of what is shown on the official website, tokens will be issued 48-72 hours after the sale ends, and can be freely transferred 48-72 hours after issuance.
Payment methods support USDC or USDT.
Sales Timing and Participation Restrictions
Sales period: July 12, 22:00 to July 15, 22:00 (lasting 3 days).
Participation requirements: KYC must be completed, users from the UK, the USA, and certain restricted jurisdictions are prohibited from participating; EU users must confirm voluntary purchase.
KYC Execution: The pump.fun platform is managed by the third-party service provider Persona.
What other key points did the pump.fun sales terms cover?
Token Sale Entity: Golden Field Partners, LTD., a company in the British Virgin Islands (Pump.fun).
PUMP Token: The brand token of the pump.fun platform, which does not grant any rights on the pump.fun platform. Its sole purpose is to promote the pump.fun platform and provide users a way to express their interest in the platform. Users purchasing tokens shall not use them for any investment, speculation, or other financial purposes.
Token Rights Limitations: The PUMP token has no economic rights and does not represent or confer any ownership, equity, shares, guarantees, or equivalent rights, or any rights to distributions, profit-sharing, additional tokens, intellectual property, or any other form of participation in the company and its affiliates or the platform.
No Rights to Platform Fees: The PUMP token does not provide any economic or other rights related to the platform. Token holders have no right to receive any fees generated by the platform.
KYC: Token purchasers must complete KYC, and pump.fun has hired a third-party service provider to collect and verify information on its behalf.
Sales Restriction Areas: Participants from the UK and the USA are prohibited from this sale. Individuals from restricted jurisdictions are also prohibited from purchasing PUMP tokens. EU residents must confirm that the purchase of tokens is entirely voluntary. pump.fun has not yet clarified whether the purchase restriction includes mainland China.
Use of Token Sale Proceeds: The net proceeds from the token sale will be used as operational reserves for the platform and may be used to pay fees to platform service providers.
According to the token release schedule, the circulating market value on the day of issuance is expected to be around 2.3 billion USD. Pump.fun once shone during the meme craze, but recently, the enthusiasm has noticeably cooled. Whether it is worth participating in the investment still requires careful consideration.
