💬 alon Quoted @Pumpfun

We've been thinking a lot about how to grow the Pumpfun app to 10 million users in the fastest way possible.

After dedicating significant resources to building the most performant product in the market and introducing crypto’s most novel rewards system in callout rewards, the answer was obvious: reward the community who help us grow the Pumpfun App.

Despite our relentless belief in our own ability to grow the app, strength in numbers >>>

So far, we’ve spent nearly $20,000,000 in ~2 months rewarding our users via Callout Rewards, but that isn’t enough - our vision is to make the Pumpfun app the most rewarding app on Earth.

Introducing referrals and allowing the Callout Rewards pot to organically grow via a platform fee fixes this.

The issue with our prior approach was that users wouldn’t necessarily be able to capture the upside in the network’s growth. Even if the Pumpfun App grew 10x, users would have no guarantee that the Callout Rewards pot, for instance, would scale past the ~$300k/day that it’s been averaging thus far.

Why invest your time and social capital building your Pumpfun profile if you don’t have certainty around the longevity and scalability of the total pot? Users deserve to have certainty and the potential to capture a part of the app’s upside.

With the introduction of fees - which are LOWER than any social trading app - we’re able to continue spending millions of our own dollars on in-app incentives like Callout Rewards, trading competitions, and so much more.

All platform fees that do NOT go to referrals will go towards INCREASING the Callout Rewards pot. $300k/day is the baseline.

The Pumpfun app is already the most rewarding platform in crypto by a wide margin, and now anyone can get EVEN more exposure to its growth by helping us grow it.

An app with endless upside. An app built to reward its users.

Sent from my Pumpfun App