Pumpkin Fund
Last updated
Last updated
99% of memecoins fail to gain traction, and chances are, you’re not holding the 1% that succeed. Pumpkin Fund changes the game by securing your stake in every project launched on its platform.
Here’s how it works:
On every trade, the protocol collects a 1% swap fee.
For buys, the fee is collected in SOL.
For sells, the fee is collected in the sold tokens.
The "SELL" fees are accumulated and sent to the Pumpkin Fund.
The Pumpkin Fund directly backs the value of the $PKIN token, ensuring its value cannot fall below the assets held in the fund.
As trading volume increases on the Pumpkin Protocol, the fund grows, driving up the intrinsic value of $PKIN.
The only way to access the underlying assets in the Pumpkin Fund is by burning $PKIN tokens. This creates a collateralized backstop, ensuring stability and value retention for $PKIN.
By analyzing historical data from Pump fun, if Pumpkin Protocol achieves comparable trading volume, the Pumpkin Fund could surpass an impressive $500M+ in value as of December 5, 2024.