Introducing Pump: Launch a coin that is instantly tradeable without having to seed liquidity
Pick a name, ticker, JPG & instantly begin trading on a bonding curve
Coming Soon to @solana
Keep reading to learn why it will forever change how coins launch🧵
Currently, new launches work in 1 of 2 ways:
1) Coin is deployed, minting authority is renounced, liquidity is seeded on a DEX like Raydium & LP token is locked/burned
2) Same process but w/ a presale: SOL is sent to random address for nothing in return (at least initially)
It's equally bad for everyone else
d) Extremely easy to rug a pre-sale when people send SOL to a random wallet
e) Need sophisticated tools on hand to quickly detect renouncing of mint authority, LP token burn, token distribution, etc.
f) and many more
How are these solved?
1. Pick name, ticker, JPG
2. Token begins trading on a bonding curve which replicates standard xyk
3. When mcap = $100k, all the bonding curve liquidity is used to seed a liquidity pool on Raydium. The LP creation and LP token burn happen automatically
To recap:
- Takes less than a minute to launch a coin
- 100x less fees and no need to seed liquidity
- Impossible for dev to rug; far easier to trust
- Every launch is a fair launch
Instead of worrying, let's make money and have fun with frens
Interested?
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