Pump.fun’s Project Ascend Boosts Meme Coin Creator Earnings
- Creators of meme coins earned $2.1 million in commissions within the first 24 hours of Project Ascend’s launch.
- Total distributed commissions reached $3.26 million, reflecting strong growth.
- Dynamic Fees V1 adjusts commission rates based on project capitalization, with fees as low as 0.1% for larger projects.
- Projects valued between $87,740 and $307,080 incur a fee of only 0.95% under this new structure.
- Streamers have praised the initiative for providing better earning potential compared to platforms like Twitch or Kick.
Project Ascend aims to enhance the pump.fun ecosystem by linking creator fees to market capitalization, encouraging both small and large projects to thrive financially.
The successful implementation of this initiative has resulted in meme coin creators earning over $2 million in just one day, showcasing its impact on the cryptocurrency landscape.(Source)
