The next OpenSea?Pump.fun coin issuing rumors has caused controversy, and the community is looking forward to a win-win carnival

The cumulative revenue exceeded US$520 million.

The total number of tokens deployed is approximately 7.41 million.

The number of users is 7.41 million.

This is the cumulative data of Pump.fun in just one year. It can be said that Pump.fun's leading position and revenue performance on the Mmme track are very similar to OpenSea, which was the most popular in 2021. Both are in Meme and NFT competitions Dao seized the opportunity and opportunities, and quickly rose to become an almost unreplicable model of success.

Pump.fun Coin issuance mode: Dutch photography arouses public anger

On February 9, Wu said that Pump.fun is preparing to issue tokens and conduct public offerings, and will adopt the Dutch auction model and is cooperating with centralized exchanges to develop a system.

Earlier, Binance co-founder He Yi also mentioned the use of the Dutch innovative token IEO model in AMA. Dutch auctions are also called "price cut auctions". The auction price starts at high prices and drops at a fixed rate, and participants bid at prices they think are appropriate.

The further details of this Dutch auction come from KOL He Bi: Because the project is huge and there are many requirements, the current public offering systems of major exchanges do not meet the needs of Pump.fun, and almost all domestic first, second and third-tier exchanges are Developing a Dutch shooting system for Pump.fun. And the token is currently known to have no airdrops, and fifty percent of the tokens are auctioned in the Netherlands.

As of now, no relevant exchanges have revealed more cooperation details or customization news. But as soon as the news came out, it caused a stir at the retail level. Of course, it is a happy thing for Pump.fun to issue coins with so much profit, giving retail investors airdrops, but the problem lies in the Dutch auction model. Retail investors not only cannot obtain airdrop returns from it, but also need to participate in the more competitive Netherlands. In the shooting mode, the investment cost of retail investors is likely to be not low, but the risk of gaining returns is also increasing. At this stage, Pump.fun's Dutch shooting mode is more like a bloodthirsty and greedy sale.

The Dutch shooting mode was once popular in the NFT explosion stage. Many top popular projects prefer NFT to Mint through the Dutch shooting mode. The core feature is to maximize the benefits of selling NFTs. Even if the Mint stage is not smooth in the early stage, the gradual decline in the selling price will be Let NFT not die. But this is more like a game for investors, holding more costs and having to participate in the fierce Gas War to successfully purchase NFTs, creating a serious inverted reaction among the investor group. Ultimately, the risks are borne by the participants and the profits are eaten by the seller.

Pump.fun co-founder Alon responded: Issuing coins is false news

As the news of Pump.fun's coin issuance continues to ferment, Pump.fun co-founder Alon posted on social media, saying: "These are false news when seeing rumors about the possible launch of Pump.fun tokens. We recommend not believing anything. Information released by non-Pump.fun official. In the past year's development, the Pump.fun team has focused on improving products, but has always been committed to giving users the rewards they deserve. Good things will go a long way."

But some netizens believe that the recent lawsuit against Pump.fun in many places in the United States may have an impact on whether it will issue tokens in the end. Perhaps Pump.fun will wait for a while and choose the right time to issue coins, or it will also cause dissatisfaction with the "Dutch auction model" and force Pump.fun to modify the token economic model and leave a part of the proportion for airdrop.

Does OpenSea issue coins: listing or issue coins? Hesitated after

struggling

At its peak, although OpenSea did not make a profit in GAS, the high handling fee of 2.5% made OS make a lot of money. In 2022, many people believe that OpenSea, which has invested 13 billion US dollars in financing, is unlikely to issue coins, and is likely to go public to raise funds and cash out.

As the revenue scale sharply decreased, OpenSea faced the dilemma of dying if it didn't issue coins. Rewarding users and the community was a tradition of Web3. At that time, Uni was forced by Sushi to issue coins and grab the lost users, while OpenSea Also facing the failure to issue coins, Blur will snatch a large number of users away. In the end, he lost the first place in the NFT trading market in the competition.

Finally, on November 4, 2024, we saw some signs about whether OpenSea will issue coins. OpenSea's official announcement announced that it will launch a "new OpenSea" in December and open a "new OpenSea" for registration of test addresses. The site has more than 700,000 addresses on the waiting list so far.

But just yesterday (February 11), according to the official announcement of OpenSea Foundation: the relevant rumors on the X platform today are not true, and users are reminded to only trust the links posted by the official account to avoid being deceived. Previously, there were rumors about OpenSea TGE in the market, but the official has clearly denied it.

Summarize

The rise of Pump.fun and OpenSea rely more on factors such as market environment, product strength, first-mover advantages, etc., but their subsequent development depends more on the contribution of investor fees. When retail investors hope to receive feedback from the platform, If the platform's strategy does not meet retail investors' expectations and even does the opposite, it may further confirm the principle that "those who win the hearts of the people will win the world." Because what the community is looking forward to is a win-win carnival, not just a project worth a lot!