PumpFun’s New Incentive Program for PUMP Token

PumpFun, the team behind the Memecoin launch platform and the PUMP token, is working on a new incentive program to boost the platform’s trading volume.

Program Details

According to on-chain data and developer updates, this program will last for at least 30 days, with PUMP tokens distributed as rewards for participants.

SDK Updates

Recent updates to PumpFun’s official SDK provide important insights into this incentive system. A newly added admin function allows parameter settings, including the daily amount of PUMP to be distributed. Additionally, methods for tracking user volume and claiming rewards have been integrated into the system.

While currently offering a 30-day incentive model, there’s potential for repurposing the infrastructure for longer-term campaigns. The IDL files for Pump’s bonding curve system have also been updated, meaning that the volume generated from this type of transaction will be included in incentive calculations.

Token Distribution

The total number of tokens to be distributed is not yet clear. However, a recent test version indicated a daily distribution of 1 billion PUMP tokens. This represents a 3% distribution of the total supply in just one month, likely for testing purposes.

Competitive Context

PumpFun, which has recently lagged behind rivals like BONK in trading volume, aims to re-engage users and increase its market share through these incentives. Although the program has not yet launched, technical preparations suggest that a launch may be imminent.

Market Reaction

Following these developments, there was a 13% increase in the PUMP price.

> This is not investment advice.