PumPay Unveils Creator Fees System to Reward Early Investors
PumPay's unique tokenomics has caught attention with its 'creator fees' system, which rewards early investors who bought in at higher prices. According to Coinbase, every 10 minutes, those who purchased PUMPAY during a particular cycle receive payments based on their entry price and size until they are either fully refunded or the market capitalization exceeds their initial purchase.
The current circulating supply of PumPay is 1 billion tokens, with no maximum supply in place. The asset's all-time high is CA$0.000000000005571, while its current market cap stands at CA$3.753K. Over the past day, the trading volume of PumPay has been CA$0.00.
PumPay's 'creator fees' system aims to incentivize investors who took on more risk by buying in earlier and paying higher prices. This approach may have its benefits, but it also raises questions about market manipulation and potential volatility.