Before its initial tokens offer (ICO), Pump.fun made its very first purchase by acquiring Kolscan, a walker based on Solana. According to the company, this last launch offers an aggregate ranking of key opinion leaders (KOL) based on their trading performance. Thus, it will allow users to observe and analyze closely the strategies of the best investors within the Solana network.
In short
- Pump.fun acquires the Solana Kolscan portfolio tracker and introduces a KOL classification to improve the strategies and knowledge of user trading.
- The token $ Pump opens the pre-negotiation on Coinbase, with 33 % of its 3 trillions of units allocated to ICO to come.
- The platform provides social features such as live broadcasting and incentives, while facing increasing competition of rivals on the Launchpads of Tokens.
- Solana straightens up more than 5 % in the last sessions, playing around $ 167 after several months of regular market decreases.
Pump.fun is preparing for an ICO of $ 600 million with the integration of Kolscan and improvements in the platform
The recent integration of Pump.fun is one of the preparations before the imminent ICO scheduled for July 12. Earlier this week, the company announced its intention to raise $ 600 million, enhancing the company at $ 4 billion.
The co -founder of the platform, Alon Cohen, said that the last product will remain free for the large user base gathered before the recent purchase. Cohen also revealed that important upgrades are underway to improve the overall performance of the ecosystem.
Our integration will not only allow better products for Kolscan and [Pump fun]but will also offer completely new experiences that will change the whole landscape of onchain trading.
In a Friday tweetCohen stressed that this recent development corresponds to his vision of “Trading onchain” as a social sport. He added that this is also part of the calculated efforts of Pump.Fun to gamify the trading of digital assets.
By deepening integration, Cohen noted that “You do it with your friends and you compare yourself to the best”. According to him, the results of the projects are decided by the timing, the conviction and the parties involved.
In addition, the co -founder of Pump expressed its optimism as to the integration of Kolscan products, admitting that this is part of the objective of the platform to become a social media protocol focused on valued cryptocurrency at several billion dollars.
PUMP is expanding its social trading features in the face of growing competition
Pump already has the basics to integrate user -centered social products, such as a live distribution platform and an incentive program for asset holders. Improvement plans for Kolscan are also envisaged, aimed at rewarding traders and improving copy trading for users.
In this context of recent development of the ecosystem, Pump.fun faces strong competition from another rival on the Launchpads of Tokens. For the first time since its launch, the platform has lost its position as a sectoral leader for the benefit of LetsBonk, with a market share falling below 60 %.
Coinbase opens pre-negotiation for $ pump while Solana straightens up above $ 167
The largest American crypto scholarship, Coinbase, announced that the token $ Pump is available for pre-negotiation. This means that traders can test perpetual term contracts on this token before its official quotation.
Tokenomic concerning the ICO of Pump.fun is as follows:
- The total offer is 3 trillion tokens.
- About 33 % of the total offer will be available at the upcoming ICO.
- Particular investors will be able to access 15 % of the ICO offer at a price of $ 0.004 per token.
In addition, Solana straightened up after several months of decline, playing in green in last week. At the time of the editorial staff, the asset is exchanged around $ 167, after an increase of more than 5 % during the recent intra -day session.
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