Pump.fun, a meme coin launch platform on Solana, has announced two product changes: the rollout of holder rewards and the removal of cashback as a launch option. Under the new setup, eligible tokens can distribute rewards simply for being held, with higher caps tied to longer holding periods and a design aimed at community growth. Creators will now choose between creator fees and holder reward tokens.
The platform also said existing tokens may apply for a one-way switch to the new model, with submissions allowed from either project teams or communities. Reviews will be based on objective information showing whether the change benefits the token and its community. On fee settings, custom trading pairs must use a fixed rate between 0.01% and 3%, while SOL/USDC will keep its market-cap-based tiered fee structure. Fees are routed to Pump.fun’s distribution wallet and paid out automatically multiple times per hour in proportion to holdings. Users need to hold more than $20 in value to qualify, and rewards will be distributed in the quote token.
Pump.fun, the Solana meme coin launch platform, has introduced two changes: holder rewards and the removal of cashback as a launch option, according to ChainCatcher.
Under the new model, holder reward tokens can distribute rewards simply through holding. The longer a wallet holds the token, the higher the cap becomes. Pump.fun said the structure is intended to support community development. Cashback is no longer available as a launch option.
Creators can now choose between creator fees and holder reward tokens. Existing tokens may also apply for a one-way switch to the new setup. Applications can be submitted by either the team or the community. Pump.fun said reviews will be based on objective information that shows whether the change benefits the token and its community.
For fee settings, custom trading pairs must use a fixed rate ranging from 0.01% to 3%. SOL/USDC will continue to use a market-cap-tiered fee schedule. Fees will flow into Pump.fun’s distribution wallet and be paid out automatically multiple times per hour based on holders’ positions. Wallets holding more than $20 in value are eligible to participate.
The protocol fee is the same across token types, and rewards are paid in the quote token.
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