Why should head CEX learn Pump.fun mode?

Pump.fun doesn't make money, which is not a drawback but rather its characteristic.

Written by: 0xTodd

Let’s talk about the outrage first: The only solution for T1 CEX to maintain its revenue, reputation, and status at the same time is to launch a pumpfun-like model.

Why?

Many people quoted a piece of news and laughed at the fact that only 3% of people made more than $1,000 in profits on pumpfun, and used this as a reason not to participate in meme coins.

Let me tell you, pumpfun doesn't make money. This is not a shortcoming but rather its characteristic.

It is precisely because most of the projects on pumpfun do not make money, and everyone knows that the probability of making money is low, that everyone will carefully review the above project with the glasses of equality (of course, if you agree that looking at emoticons can be regarded as some kind of review).

This mechanism gives every project:

• Very full participation window;
• Very low buying window.

It is far more fair than the current [Team-VC-Airdrop-Shangshuo] system.

Because it is easy to lose money, everyone who participates in pumpfun does so with great wariness and minimal ambition. Each time the loss is capped at 0.1 SOL.

However, for BN or CB, the glasses everyone wears are not like this. Everyone naturally thinks that it will rise if it is endorsed by a big exchange.

Regarding the new coins on T1 CEX, everyone who participates, on the contrary, participates with minimal wariness and great ambition. Once the loss is 50,000, the starting point is 100,000.

If BN and CB directly launch the pumpfun model (that is, the GEM mentioned by Jason) and set extremely low currency listing thresholds: such as 5wU deposit, dev ban within one year of the deposit and other basic terms, they can freely list the currency.

Then it can allow the free market to fully play the game instead of the invisible hand of Listing+bribe, which is definitely a good thing.

It can ensure that every star project is first born on BN (rather than bybit, bitget, MXC, etc.).

And it's confirmed: because pumpfun now pretty much ensures that every star project comes from there in the first place.

And the so-called "leave enough profits to the secondary market" to take back everything stolen by Raydium and Uniswap.

Let CEX's T1 status remain forever and everlasting.