🪙 PUMP Token
$PUMP at a glance
PUMP tokens are the representation of revenue shares on the Pumpkin ecosystem, in which holders earn profits by staking and providing liquidity to the system, and are entitled to vote on governance decisions within the protocol.
The PUMP Token Generation Event and Sale will be hosted by HerculesDEX. The max cap of the public sale will be 800K USD, with an initial Fully Diluted Value of 1.6M USD.
The max supply is 125,000,00 PUMP, which are fully capped and burnable.
What would be the initial price?
You can contribute with wMETIS in exchange for PUMP tokens, which are to be claimed after the launchpad finishes.
Initial price will be fixed: 0.0128 USD
Two-Stage Sale
This presale will start on March 28th, and will take place in two different stages:
STAGE 1: During the first 12h, only whitelisted addresses can participate with a guaranteed capped allocation. All addresses that hold CHOKE and lCHOKE on Arbitrum will have instant access to this phase.
The max cap per wallet is 146 METIS, and the STAGE 1 Price is 0.01088 USD.
STAGE 2: Immediately after STAGE 1 ends, other participants can purchase the remaining tokens on a first-come, first-served basis. This stage will last for 24 hours.
The max cap per wallet is 146 METIS, and the STAGE 2 Price is 0.01152 USD.
Claiming Process and LP
The public sale will last until March 30th. Shortly after, the LP will go live @HerculesDEX on their platform. Tokens from the presale and LBP participants will be claimable at the same time liquidity is seeded, shortly after the end of the LBP.
Distribution
As stated before, PUMP will be the token that rules the Pumpkin ecosystem. It will gain value according to the protocol usage and from the fees and rebates generated on the different LPs.
It's initial price will be USD 0.0128 and LP pool price will rely on how the public sale goes.
For every vault deployed over the platform, PUMP will boost rewards within the LP pairs and . Platform revenue is generated from a small percentage of all the vault profits and distributed back to those who stake and hodl PUMP
After initial circulating supply, the token will be distributed in the following way:
50% for Pre-sale
20% for LP
20% Ecosystem & Inventives
8% Team and Contributors (Locked and Vested
2% Artichoke Ecosystem
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