PumpBTC releases token economy model, with initial PUMP applications accounting for 9%

According to Foresight News, the newly launched TGE project PumpBTC on Binance Wallet has released a token economy model. The utility of PUMPs in the PumpBTC ecosystem includes governance rights, airdrop enhancement, fee discounts, and staking rewards. The total supply is 1 billion PUMPs, and the token distribution is as follows: 38% in the community ecosystem (6% unlocked in TGE and 32% unlocked linearly within 4 years); Initial PUMP application accounts for 9%, unlocked in TGE; Marketing allocation 5%, unlocked in TGE, liquidity: 3.5%, unlocked in TGE; Allocate 19.5% to contributors, lock for one year, and unlock monthly for the next three years; Investors allocate 20%, lock in for one year, and unlock monthly for the next three years; IDO allocation of 5%, unlocked in TGE. PumpBTC adopts the ve token mechanism, where PUMP is an ERC-20 utility token that supports the protocol and is mainly distributed to liquidity providers. VePUMP is an ERC-721 governance token and a non fungible token (NFT). The vePUMP system is built based on a voting custody model. In addition, in the PumpBTC token destruction mechanism, 30% of the protocol revenue is used for PUMP repurchase and destruction, and 70% is allocated to vePUMP holders.