{"id":15963,"date":"2024-08-09T12:13:05","date_gmt":"2024-08-09T09:13:05","guid":{"rendered":"https:\/\/forklog.com\/en\/pump-fun-offers-0-5-sol-for-completing-bonding-curve\/"},"modified":"2024-08-09T12:13:05","modified_gmt":"2024-08-09T09:13:05","slug":"pump-fun-offers-0-5-sol-for-completing-bonding-curve","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/pump-fun-offers-0-5-sol-for-completing-bonding-curve\/","title":{"rendered":"Pump.fun Offers 0.5 SOL for Completing &#8216;Bonding Curve&#8217;"},"content":{"rendered":"<p>Pump.fun has eliminated the fee for creating meme tokens and promised a reward of 0.5 SOL (~$80) for completing the &#8216;bonding curve&#8217;.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Today we\u2019re introducing 2 HUGE changes to the pump fun mechanism (in beta)<\/p>\n<p>1) Coin creation is FREE<\/p>\n<p>2) Coin creators receive 0.5 SOL (~$80) when their coin completes its bonding curve <\/p>\n<p>How does it work?<\/p>\n<p>1) Instead of the creator having to pay ~$2 for coin creation, this cost\u2026 <a href=\"https:\/\/t.co\/Zp7DCJQoya\">pic.twitter.com\/Zp7DCJQoya<\/a><\/p>\n<p>\u2014 pump.fun (@pumpdotfun) <a href=\"https:\/\/twitter.com\/pumpdotfun\/status\/1821699366630879383?ref_src=twsrc%5Etfw\">August 9, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Instead of paying ~$2 for coin creation, this cost is now covered by the first buyer. This opens up the possibility of issuing a token without purchasing its supply,&#8221; explained the team.<\/p>\n<\/blockquote>\n<p>The &#8216;bonding curve&#8217; is a method to ensure guaranteed liquidity for new tokens once they hit the Raydium trading platform on the Solana blockchain. This model retains a small amount from each asset purchase and distributes it along the liquidity curve.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXchEFn5qFTjuugNQnK7atrgn1L--2Xm3YaFpOWiomBp7JpU9jFiNIYgQW4TExi1HUHNgagsg5cnU4MFcSvUX77FtoAD3_wudoOYdGda29IK-IHx7gD32zetk0pTMFkhMTXE2-KxbItutwrDAHV8EAXjnaqp?key=j_nbbaB49wQD2LV1bbCbxQ\" alt=\"Pump.fun Offers 0.5 SOL for Completing 'Bonding Curve'\"\/><figcaption class=\"wp-element-caption\">Mechanism of the &#8216;bonding curve&#8217;. Data: <a href=\"https:\/\/yos.io\/2018\/11\/10\/bonding-curves\/\">yos.io<\/a>.<\/figcaption><\/figure>\n<p>For Pump.fun, once a meme coin reaches a market capitalization of $69,000, the &#8216;bonding curve&#8217; is completed. This approach ensures the asset does not become entirely illiquid.<\/p>\n<p>According to platform representatives, the 0.5 SOL reward is allocated from the &#8216;Pump.fun migration fee&#8217;, which amounts to 1.5 SOL.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;The reward also incentivizes all developers to bring their coin to 100%. [\u2026] When a coin is created, it is not placed on the blockchain until someone buys it. This is why there can sometimes be a difference between the launch time on the Pump.fun interface and the main network,&#8221; the publication states.<\/p>\n<\/blockquote>\n<p>The &#8216;meme factory&#8217; update followed the publication of disappointing launch results on the platform. Only 1.4% of coins created with Pump.fun make it to Raydium.<\/p>\n<p>While the reward may serve as an incentive for creators, it might not be sufficient to prevent fraud on the platform. Many market participants misunderstood the update&#8217;s concept.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">Well it was fun while it last lasted. <\/p>\n<p>I don&#8217;t see how this system doesn&#8217;t get exploited by people buying up their own tokens a 100 times over to make 50 sol<\/p>\n<p>\u2014 AN\u03a6N (@anon_rip) <a href=\"https:\/\/twitter.com\/anon_rip\/status\/1821735022895813119?ref_src=twsrc%5Etfw\">August 9, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;I don&#8217;t see how this system doesn&#8217;t get exploited by people buying up their own tokens a 100 times over to make 50 SOL,&#8221; wrote anon_rip.<\/p>\n<\/blockquote>\n<p>A user named Ape <a href=\"https:\/\/x.com\/Ape_31\/status\/1821701356463518078\">stated<\/a> that the coin issuance fee &#8220;kept the Pump.fun site afloat.&#8221; Now, instead of 10,000 new tokens a day, there will be 50,000, <a href=\"https:\/\/x.com\/KashKysh\/status\/1821701497018544273\">suggested<\/a> KashKysh.<\/p>\n<p>On July 1, Pump.fun&#8217;s daily revenue volume reached $1.99 million, surpassing Ethereum in this metric.<\/p>\n<p>Previously, the cryptocurrency data service DEX Screener also launched a competing meme-coin creation platform on Solana called Moonshot.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pump.fun has eliminated the fee for creating meme tokens and promised a reward of 0.5 SOL (~$80) for completing the &#8216;bonding curve&#8217;. Today we\u2019re introducing 2 HUGE changes to the pump fun mechanism (in beta) 1) Coin creation is FREE 2) Coin creators receive 0.5 SOL (~$80) when their coin completes its bonding curve How [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15962,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1161,1159],"class_list":["post-15963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-memes","tag-solana-sol"],"aioseo_notices":[],"amp_enabled":true,"views":"128","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/15963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=15963"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/15963\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/15962"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=15963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=15963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=15963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}