Solana-based token launch pad Pumpfun has introduced a new feature called “Cashback Coins.”
Cashback coins offer creators a choice. Creators can decide whether to direct all creator fees to traders or opt for traditional creator fees, but this choice must be made before release and cannot be changed later. The introduction of these coins is part of pumpfun’s strategy to address ongoing concerns in the crypto space regarding the distribution of rewards and incentives.
“There is no doubt that creator fees are a net positive in supporting the growth and success of teams, creators, and founders. However, many tokens are successful without team or project leaders, thereby disproportionately rewarding token adopters who do not deserve to receive fees,” the team wrote on X.
“Traders can now choose to utilize the tokens that feel best to them, and ultimately let the market decide who gets rewarded and where to set the bar.”
platform native $pump The token has gained 11% over the past week.
$pump chart
This article was created with the help of AI Workflow.
