🚀 Pumpfun’s Native Token is Coming
Exclusive: Pumpfun, a token launch platform on Solana, will release token and conduct public offerings, and will adopt the Dutch auction model. It is currently working with CEXs to develop the system. pic.twitter.com/04L7KgTZxR
— Wu Blockchain (@WuBlockchain) February 9, 2025
Pumpfun, a growing crypto name, is preparing to issue its own native coin, according to WuBlockchain. The move is a big milestone for the project, as it uses a Dutch auction format for its token sale.
🔥 Key Details of Pumpfun’s Token Sale:
Total Supply: 420 million tokens
Public Sale: 210 million tokens (50% of total supply)
Team Allocation: 25% of total supply
Early Investors: 22.05% of total supply
Sale Mechanism: Dutch auction
CEX Involvement: Exchanges will help develop the system
🧐 What is a Dutch Auction?
A Dutch auction starts with a high price and slowly drops until a buyer accepts it. This strategy means fair price discovery while minimizing the possibility of bots and market manipulation during the sale.
🔗 Why Does This Matter?
Pumpfun is becoming popular in the crypto community, and launching a token could boost its ecosystem and usefulness. Centralized exchanges (CEXs) play a key role in the system’s growth, showing possible liquidity and wider market acceptance.
📅 What’s Next?
The exact date of the auction isn’t confirmed yet, but interest is growing. The Dutch auction, with half of the supply available, could see a lot of interest from both retail and institutional investors.
Keep an eye out for more updates as things unfold!
