The pump.fun website only announces that 500 million USD has been sold out of a total of 600 million USD, while the remaining 100 million USD has not been distributed due to the synchronization error of the issuance system.
According to on-chain expert Aunt Ai, the cause of the discrepancy is due to the three exchanges Bitget, Bybit, and MEXC not synchronizing public sales data, causing progress on the website to always be at 0 and the 100 million USD Token unable to be distributed.
MAIN CONTENT
Only 500 million USD Token has been confirmed sold out of a total of 600 million USD planned.
The synchronization error in the systems of the three exchanges causes the sales progress not to be updated accurately.
The remaining 100 million USD Token is temporarily held for redistribution.
Why does the pump.fun page only show 500 million USD Token sold?
Reports from on-chain expert Aunt Ai indicate that this stems from a technical error when the three exchanges Bitget, Bybit, and MEXC failed to successfully synchronize public sales data.
Accordingly, the pump.fun website can only update the data of 500 million USD Token sold, while the remaining 100 million USD is not displayed due to synchronization issues.
“There needs to be a technical solution for data synchronization between exchanges to ensure that the Token distribution progress is accurately reflected on the issuance platform.”
On-chain expert Aunt Ai stated, 12/07/2024
How does the synchronization error affect the Token distribution process?
The data desynchronization led to the 100 million USD Token not being released in time, causing a disruption in the public sales process.
As a result, this portion of the Token must be retained for redistribution after the technical issues are resolved. This directly affects the fundraising plan and investor trust.
How is the release team handling the undistributed Token?
Due to the inability to update and sell the 100 million USD Token on the system, the release team decided to temporarily suspend and retain this Token for redistribution in the next phase.
This solution aims to ensure that the distribution is carried out accurately and transparently, contributing to maintaining the reputation and trust from the investment community.
“Holding back the undistributed Token is not a risk, but a necessary step to ensure transparency and accuracy in the issuance process.”
Cryptocurrency project executive, 07/2024
Compare the Token sales progress on pump.fun among the systems
Exchange Synchronization Progress Real Token Sold (million USD) Notes Bitget Not synchronized 0 Progress on the website is always 0 due to technical errors Bybit Not synchronized 0 Cannot update the sales part in time MEXC Not synchronized 0 Sales progress not displayed Total 500 million USD sold (the total from other synchronized exchanges) 500 million USD Remaining 100 million USD not distributed
Frequently Asked Questions
What is the main cause of the synchronization error? The error occurs because the systems of the three exchanges do not update the sales data on the Token issuance platform in sync with each other, causing a discrepancy in display progress. What will happen to the 100 million USD Token that has not been sold? This portion of the Token will be retained and redistributed once the synchronization error has been resolved, ensuring a transparent and accurate distribution process. Will the synchronization error have a long-term impact on the project? In the short term, it causes disruption, but if the technical issues are handled properly, the project will maintain trust and stable Token distribution. How can we avoid similar errors in the future? An important solution is to closely coordinate data synchronization between exchanges while updating real-time data processing technology. Who is responsible for fixing this technical error? The Token release team works with technical experts from the related exchanges to quickly address and complete the system.
Source: https://tintucbitcoin.com/pump-fun-sai-lech-100-trieu-usd/
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