Pump.Fun will share 25% of its platform revenue with token holders and will share Tell Blockworks, which is familiar to Threesources.
The team is said to have spoken to insiders about the arrangement that led to its release, several people said.
Pump.Fun said early Wednesday that the first coin offering for the pump token will be made public on Saturday, July 12th.
Haseeb Qureshi of Dragonfly Capital has posted on X regarding the revenues of the pump, pointing out that it will be “one of the highest total revenue tokens in crypto.”
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In June, Mike Dudas of 6th Man Ventures told Blockworks’ Lightspeed Podcast:
6MV is an investor in Pump.Fun.
pump.fun did not immediately return a request for comment.
According to talknemics, the team shares, 33% of the pumps will be sold through ICOs and 13% will be allocated to existing investors. In total, the fully diluted value is about $4 billion.
Of that 33%, the first 18% will be sent to institutional buyers, while 15% will be sold publicly.
read more: Gate publishes Pump.Fun token sales page
“Both private sales and public sales buyers adhere to exactly the same conditions,” the team said. Doing napkin mathematics will cost $720 million from private investors at $4 billion in FDV.
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“The tokens will work perfectly upon launch, but we are thoroughly considering utility mechanisms such as fee rebates, token buybacks, and other incentives and promotions,” the Pump.Fun team said in the X announcement.