Summary
TLDR: Pump allows anyone to create a token for $2, choose the number of tokens, theme, and meme picture. Tokens with a market cap of $69,000 have liquidity deposited to Raydium and burned. Recently extended support to Blast and Base networks.
Key Points
1. Pump allows users to create a token for only $2 in capital, giving them control over the number of tokens, theme, and accompanying meme picture.
2. Once a token’s market capitalization reaches $69,000, a portion of liquidity is deposited to the Solana-based exchange Raydium and burned, creating scarcity and potentially increasing the value of the token.
3. Pump recently expanded its support to include the Blast and Base networks, showcasing its commitment to growth and innovation in the cryptocurrency space.