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Pump Science: Token economics design has been completed and BIO airdrop activity will be conducted

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Reprinted from panewslab

12/26/2024·4M

PANews reported on December 26 that Pump Science announced on the X platform that the token economics design has been completed and will conduct a BIO airdrop event. Regarding the token economics design: 5% of the supply of tokens issued in the future will be distributed to holders of previous tokens (at the time of migration) who now hold more PS tokens (RIF, URO), New tokens will be acquired in the future; this mechanism will continue as long as there are new issuances (forever). Regarding the BIO airdrop event, BIO Protocol will airdrop BIO to holders of URO and RIF, pending governance approval to connect BIO to Solana, and more airdrops are under consideration.

According to the Pump Science Token Economics Lite white paper, its key elements are as follows:

  • ① Custom bonding curve: Each token issuance starts with a custom bonding curve, which is the same parameter used on pump.fun. The bonding curve ensures that the token starts with an initial market cap of approximately $5,000. As liquidity increases, the price rises along the binding curve, and when liquidity reaches 85 SOL, liquidity will migrate to the automated market maker Meteora.
  • ② Liquidity migration: When 85 SOL liquidity is reached: 82 SOL is migrated to Meteora’s constant product liquidity pool (LP); 3 SOL is allocated to the first research experiment to ensure immediate financial impact.
  • ③Anti-bot measures: To prevent bots from seizing the early token supply without relying on whitelists or secondary token purchases, the bonding curve transaction fees are set extremely high at the beginning. These fees will decrease over time, giving users an opportunity to compete fairly with bots and obtain tokens at a reasonable price.
  • ④Token issuance: A total of 800 million tokens will be issued along the binding curve; when migrating to the liquidity pool, 150 million tokens and 82 SOL will be transferred to the liquidity pool; approximately 50 million tokens will be airdropped to previously issued pumps in proportion For holders of .science tokens (URO, RIF, etc.), airdrop allocations are based on the time-weighted average value of each wallet’s holdings during the specified time period.
  • ⑤Airdrop mechanism: Holders of previously issued pump.science tokens will receive airdrops for future token issuances. The relative value of each wallet’s holdings determines distribution, thus incentivizing long-term participation in the token issuance to obtain future airdrop distributions.
  • ⑥ Funding research through liquidity pool fees: Research funds come from liquidity pool fees generated from trading activities; the migrated liquidity is locked in the Meteora pool, but the liquidity pool tokens will not be destroyed; the liquidity pool tokens will Claim rights are granted to pump.science, allowing the platform to fund research using liquidity pool fees.

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