Pumpfun launches initiative to become Solana’s ‘hub for successful projects.’ boosts creator earnings 10x
Pump.fun unveiled Project Ascend on Sept. 2, introducing a tiered price construction designed to enhance creator earnings by 10 instances whereas making memecoins extra sustainable for long-term development.
The initiative comes because the platform regained market dominance from competitor Bonkfun, in accordance to Blockworks data.
The centerpiece of Project Ascend is Dynamic Fees V1, a market cap-based pricing system unique to PumpSwap that adjusts creator charges primarily based on token efficiency.
Higher market cap cash carry decrease charges, permitting successful initiatives to scale whereas maximizing early-stage funding for creators to deploy towards advertising and marketing, trade listings, and operational prices.
In an audio shared on Sept. 2, co-founder Alon Cohen said:
“For us as an area to develop 100x, we’d like much more success instances. Coins with worth that may final and giving retail real alternatives in earning money. At the second, we’re actually restricted at these sorts of alternatives if strong groups don’t need to launch cash.”
The dynamic construction addresses earlier creator price limitations that imposed flat charges no matter challenge success. Cohen famous that conventional high creator charges create “actually low ceilings on these cash as a result of it’s troublesome for whales to measurement into trades after they’re immediately down as a lot as 10%.”
Dominance restoration
Project Ascend follows Pump.enjoyable’s August income restoration to $35 million, capturing 68.2% of Solana’s launchpad market dominance after shedding floor to Bonkfun in July.
The competitor had seized $37.4 million in income (77% market share) in contrast to Pump.enjoyable’s $15.4 million, prompting strategic changes that culminated within the platform’s comeback.
One of those changes was Pump.enjoyable’s almost $44.5 million in PUMP token purchases throughout August, demonstrating a dedication to its native token ecosystem.
The new price construction applies to all PumpSwap tokens no matter launch date, enabling present creators and communities to entry enhanced funding alternatives.
Protocol charges and autocompounding charges to liquidity suppliers stay unchanged, sustaining dealer economics whereas boosting creator compensation.
Streamlined neighborhood takeover
Project Ascend options accelerated processing for Community Takeover (CTO) purposes, lowering approval instances from days to hours.
The CTO mechanism permits communities to redirect creator charges from unique deployers to lively challenge leaders who exhibit ongoing improvement and advertising and marketing efforts.
The launchpad introduced:
“Don’t assume a creator deserves Creator Fees? Submit a CTO software to start receiving Creator Fees on a coin you’ve taken over.”
Cohen positioned the initiative as attracting mainstream expertise to Solana, stating Pump.enjoyable will become “the hub for essentially the most successful initiatives and creators the world has ever seen.”
The platform targets exponential will increase in creator onboarding throughout streaming, startup, and community-building verticals.
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