PumpBTC releases PUMP token model, 9% is used for initial application

PANews reported on April 1 that according to PumpBTC's announcement, its newly launched governance token PUMP will serve as the core of the BTCFi ecosystem, empowering governance, pledge rewards and fee discounts. The total supply of PUMP is 1 billion, 38% is allocated to the community ecosystem, 9% is used for initial application, and 5% is used for ID0. The project adopts a ve-token mechanism, and users can obtain NFT-form vePUMP to participate in governance and profit sharing through locking PUMP. 30% of the agreement revenue will be spent on repurchase destruction and 70% will be allocated to vePUMP holders.