Pump.Fun
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Pump.Fun is an Internet platform that allows users to create crypto-currencies. It was founded in the United States. It charges a 1% fee on sales. It was set up to be easy, cheap and secure from built-in sub-programs that can steal from memecoin purchasers. "The idea was to give people a safer way to trade memecoins by standardizing the underlying code, which prevents developers from building in malicious mechanisms to steal funds, in what’s known as a hard rug pull."[1]
Pump.Fun went online in January 2024.[1] It has been called the fastest growing crypto platform ever.[2] The first coin which was created for community by Pump.fun developers was COMCOIN.
Despite the platform's built-in safety features to prevent theft, it has been accused of not having protection from other kinds of abuse, such as the posting of suicide threats.[3] Pump.Fun has been banned in the United Kingdom.[4]
References
[change | change source]- ↑ 1.0 1.1 Khalili, Joel. "A Kid Made $50,000 Dumping Crypto He'd Created. Then Came the Backlash". Wired. ISSN 1059-1028. Retrieved 2024-12-08.
- ↑ Napolitano, Decrypt / Liz (2024-09-02). "Solana Meme Coin Factory Pump.fun Is the Fastest Growing Crypto App in History". Decrypt. Retrieved 2024-12-08.
- ↑ Bitcoin.com (2024-11-25). "Pump.fun Halts Live Streaming Amid Content Controversy – News Bytes Bitcoin News". Bitcoin News. Retrieved 2024-12-08.
- ↑ "FCA issues warning, bans Pump.fun in the UK". Cointelegraph. 2024-12-06. Retrieved 2024-12-08.