PumpFun has recently made a big move—officially announcing the establishment of the investment fund Pump Fund, along with launching a sizable Build in Public hackathon.
What’s interesting about this plan is the allocation of funds. A total of $3 million will be allocated to support 12 projects, with an average of $250,000 in funding per project, corresponding to a $10 million valuation. Sounds quite friendly.
However, the conditions are also very clear: participating projects must genuinely issue tokens and develop products, and project teams must hold at least 10% of the token supply themselves. This design is clearly intended to ensure alignment of interests between creators and the platform, avoiding situations where teams take the funding and run.
From a financing perspective, PumpFun is using a combination of real money and tokens to incentivize developers. In this track, the level of support demonstrated by such a competition indicates that the platform truly has plans for ecosystem development.
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MetaverseLandlord
· 4h ago
Oh no, that 10% lock-up condition really hit me. Only true entrepreneurs dare to play this game.
Spreading $3 million across 12 projects, PumpFun is seriously building an ecosystem or just gambling?
A valuation threshold of $250,000, honestly, it all depends on who actually has a product.
This move to align interests is brilliant, preventing another round of exploitation.
It feels like this time they're serious, unlike some platforms that are just playing tricks.
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LiquidationWatcher
· 4h ago
ngl the 10% token lock is smart but... seen this movie before. remember when everyone promised alignment and then dumped at ath? health factor looking good on paper doesn't mean they won't margin call their own project lol
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GlueGuy
· 4h ago
$250,000 still needs to be held by yourself at 10%, in other words, it's like kidnapping the founders to gamble together. Clever.
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MindsetExpander
· 4h ago
$250,000 sounds like a lot, but when you calculate it, a $10 million valuation... how competitive do you have to be?
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MergeConflict
· 4h ago
3 million invested just for 12 projects, the profit margin must be huge.
Wait, 10% of the tokens are held in self-custody. Is this to prevent rug pulls or to help them trap retail investors?
Real money and coin rights, a combined attack that’s pretty good. Let’s see how many decent things can finally come out of this.
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rugpull_ptsd
· 4h ago
$3 million split across 12 projects sounds good, but the 10% token lock-up is really intense. It leaves no doubt about preventing scams.
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FalseProfitProphet
· 5h ago
This design is indeed awesome. $250,000 for a $10 million valuation, and you still want to hold 10% yourself. They really want to keep people engaged.
PumpFun has recently made a big move—officially announcing the establishment of the investment fund Pump Fund, along with launching a sizable Build in Public hackathon.
What’s interesting about this plan is the allocation of funds. A total of $3 million will be allocated to support 12 projects, with an average of $250,000 in funding per project, corresponding to a $10 million valuation. Sounds quite friendly.
However, the conditions are also very clear: participating projects must genuinely issue tokens and develop products, and project teams must hold at least 10% of the token supply themselves. This design is clearly intended to ensure alignment of interests between creators and the platform, avoiding situations where teams take the funding and run.
From a financing perspective, PumpFun is using a combination of real money and tokens to incentivize developers. In this track, the level of support demonstrated by such a competition indicates that the platform truly has plans for ecosystem development.