At one of the side events at the Token2049 conference in Singapore, the pump.fun team shared plans for the further development of the project.
The main goal of pump.fun developers is to create an innovative financial platform that will combine the capabilities of popular social networks from Web2 with elements of the crypto industry. About this wrote Gleb Kostarev, co-founder of Blum and former top manager of Binance in the CIS.
How pump.fun will develop
The pump.fun team wants to create a financial layer on top of existing platforms like Discord, TikTok, and Robinhood. The idea is not just to give users the ability to trade memecoins, but to significantly expand the platform’s functionality to other assets.
At the moment, the developers are focused on how to increase the audience by 10 times and attract 10 times more content creators. In their opinion, the most important thing is to pay special attention to the latter. It is content creators who contribute to the development of the community and its activity.
pump.fun plans to expand beyond specific countries and focus on a global audience.
The developers also continue to improve the quality of user experience (UX). According to them, this is what determines the success of the project. That is why they chose the Solana blockchain to operate the pump.fun platform.
The platform does not plan to expand to other networks. Instead of extracting profit, the team is more interested in creating the most convenient and pleasant interaction for users.
Advice for startups and success pump.fun
During the presentation, pump.fun representatives also shared advice for other startups. They noted that you need to start with a small target group – for example, a thousand people. And then do everything to make these users happy.
The project initially focused on a narrow circle of memecoin enthusiasts, and is now expanding its audience by attracting content creators.
Pump.fun is a Solana-based memecoin generation platform that emerged amid the memecoin hype earlier this year. The platform quickly became popular, with revenues crossing the $100 million threshold in just a few months.
According to data Dunecurrently the figure exceeds $106 million. More than 2 million tokens have already been launched on the platform.
The sharp rise of pump.fun led to the emergence of similar platforms for generating memcoins. The most striking was SunPump based on Tron.
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Source: Cryptocurrency
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