So Pump.fun team officially announced the launch date for PUMP token, which is a significant milestone for the Solana-based memecoin launchpad.
The Initial Coin Offering (ICO) is scheduled to commence on July 12 at 2 p.m. UTC, with a total supply of 1 trillion PUMP tokens. Of this supply, 33% will be allocated for the public sale, with 15% (150 billion tokens) available to the public at a price of $0.004 per token. The remaining 18% has already been sold to early investors, resulting in a fully diluted valuation (FDV) of $4 billion at launch.
The ICO will be accessible through several major exchanges, like Bitget, and others. Participants from certain jurisdictions, including the United States and the United Kingdom, will be excluded from the public sale.
This restriction is in line with compliance trends observed in recent token sales, as projects aim to mitigate risks associated with high-regulation markets and global sanctions.
what are your thought about their tokenomics and distribution?
submitted by /u/Green_Candler
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