The Pumpfun (PUMP) project has made waves with its latest update, “Project Ascend,” which aims to boost sustainability and community engagement. This update marks the launch of a dynamic and tiered fee system called Creator Fees V1, designed to reward larger projects while providing more equitable opportunities for smaller ones. 💰 📈
The new system determines Creator Fee rates based on market capitalization, meaning tokens with higher capitalization will enjoy lower fees, while those with less capital will see steeper rates.
This structure applies to all tokens on the PumpSwap platform. However, fee rates passed on to the protocol and liquidity providers (LPs) remain unchanged.
Following this update, PUMP price jumped a significant 11% today.
The Pumpfun team claims this innovation supports long-term growth for projects in the ecosystem, while offering content creators a more robust revenue model. This shift will simplify marketing efforts and content creation activities, ultimately driving greater engagement for both communities and creators alike.
Pumpfun aims to attract new talent and solidify itself as the strongest project and community hub on the Solana blockchain.
**Disclaimer:** This is not investment advice.**