Seeing that the exchange has opened the token sale page for #PUMP , the project party is starting to blatantly exploit investors. Does the exchange have to cooperate like this? They don't care about their reputation at all? Let's break down its economic model, and you'll understand.
The total supply of PUMP tokens is one trillion.
25% is for public fundraising, aiming to raise 1 billion USD, corresponding to a market value of 4 billion USD, fully unlocked at TGE.
10% is for community airdrops, distributed based on platform activity snapshots, to incentivize early coin creators, trading experts, and liquidity providers.
The remaining 65% is allocated to the team, strategic investors, and development funds, to be unlocked in phases over 2-4 years.
Is the project party overly confident, or completely lacking in bottom line? The market cap is set at 4 billion upon listing, and based on the current altcoin market, I even consider a 400 million market cap to be overvalued. Retail investors' pre-sale funds have been taken away in advance; can we still expect the project party to pump the price? That's simply wishful thinking. I advise everyone to stay vigilant and not to become the exploited.
The pre-sale also prohibits European users from participating, isn't this just like the situation where Japanese users are also banned from participating in the same way as the previous token launch? The final outcome will be zero, and the team will achieve collective financial freedom.