Pumpfun founder Alon Cohen stated that they are revamping their creator fee system because the existing model may have distorted the incentive mechanism. The platform will introduce a "Creator Fee Sharing" feature, allowing creators and CTOs (Community Takeover) administrators to distribute a specific percentage of their fees to up to 10 wallets after token launch. Additionally, the new feature supports teams transferring token ownership and revoking update authority, aiming to address the trust issues that previously required users to rely on promises from others for community takeover. (Cointelegraph)
Pump.fun Revolutionizing the Creator Fee System: Supporting Fee Sharing and Smoother Community Takeover
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