thedefiant.io
Solana-based token launchpad pumpfun has introduced a new feature called “Cashback Coins.”
Cashback Coins provide a choice for creators: they can decide to direct all creator fees towards traders or opt for traditional creator fees, but this choice must be made before launch and cannot be altered later. The introduction of these coins is part of pumpfun's strategy to address ongoing concerns in the crypto space about the distribution of rewards and incentives.
"Creator Fees are undeniably a net positive for helping teams, creators & founders grow & succeed. However, many tokens achieve success without a team or project lead, thereby disproportionately rewarding token deployers who don’t deserve the fees," the team wrote on X.
“Now, traders can choose to engage with tokens they feel the most aligned with, ultimately letting the market decide who gets rewarded and where the bar is set.”
The platform’s native $PUMP token is up 11% over the past week.
This article was generated with the assistance of AI workflows.