Pump.fun not making money is not a disadvantage but rather its characteristic.

Written by: 0xTodd

Let’s start with a bold statement: The only solution for T1 CEX to simultaneously maintain its revenue, reputation, and status is to launch a model similar to pumpfun.

Why is that?

Previously, many people cited a piece of news and mocked that only 3% of people on pumpfun made over $1000, using it as a reason not to participate in meme coins.

I tell you, pumpfun not making money is not a disadvantage but rather its characteristic.

It is precisely because most projects on pumpfun do not make money, and everyone knows the probability of making money is low, that people approach each project with an equal perspective, carefully examining each one (of course, if you consider looking at memes as a form of examination).

This mechanism provides every project with:

• A very ample participation window;
• A very low-priced buying window.

Its fairness far exceeds the current system of 【team - VC - airdrop - listing】.

Because it is easy to lose money, everyone participating in pumpfun does so with great caution and minimal ambition, with a maximum loss of 0.1 SOL.

However, for BN or CB, the perspective is quite different; people naturally feel that there is backing from major exchanges, and that it will rise.

For new coins on T1 CEX, each participant, conversely, approaches with minimal caution and great ambition, and once losses occur, they start from 50,000 or 100,000.

If BN or CB directly launched a pumpfun model (which is what Jason referred to as the entrepreneurial board), setting extremely low listing thresholds: for example, a 50,000 U margin, with basic terms like a one-year dev lock-up, they could freely list coins.

This would allow the free market to fully engage in competition, rather than being manipulated by the invisible hand of Listing + bribe, which would be a good thing.

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

And this has been proven: because pumpfun has almost ensured that every star project originates from there.

Moreover, the so-called "leaving enough profit for the secondary market" would reclaim everything that Raydium and Uniswap have taken away.

This would ensure that the T1 status of CEX remains eternal and evergreen.

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