Over the past few days, we've been rolling out more MAJOR changes to the Callout Rewards program.
We had two goals:
1) Incentivize calls on higher market cap tokens
2) Reward users who come from different ecosystems e.g. perps & crosschain (non-SOL)
We're creating a far more rewarding environment for ALL kinds of trading styles, not just the user base that Pumpfun has always appealed to.
To do this, we've introduced an additional Callout Rewards algorithm: Diamond.
Diamond uses a new experimental algorithm to encourage new behaviors in the app, while the original algorithm continues to do its thing, now known as Degen.
Here's what to expect from the Diamond rewards algorithm:
- Callouts on higher market cap tokens receive a multiplier on rewards
- Boosted rewards for new asset classes like perps and non-Solana tokens (EVM and other chains)
Expect more changes to both algorithms as we continue on our journey of making the Pumpfun app not only the most rewarding app in crypto, but on Earth.
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We’re hiring for three new BD roles at Baton Corporation, the development company behind Pumpfun:
- Perps BD
- Prediction Markets BD
- Trading Terminal BD
To grow the social graph on the Pumpfun app, we need to attract the best traders across every market that can be accessed using the app, whether it’s the trenches, perps, or prediction markets.
You should apply if you have 2+ years of experience leading BD at a crypto platform with a track record of driving outsized impact.
In person (NYC) preferred but remote considered for exceptional candidates.
Apply using one of the links below.
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I'm highly confident no one takes crosschain more seriously than us: we've added a new chain to the Pumpfun app almost every day recently.
AND almost all of the new chains we've added come with limit orders from the getgo.
The Pumpfun app is undoubtedly the best crosschain trading platform.
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The traders who stick through a market like this are exactly who we built Rewards for.
Part of our goal with Rewards was to protect traders in our ecosystem against market swings and ensure that even when the going gets tough, users who stay are rewarded
The Pumpfun app is still paying out multiple 6 figures every single day to Callers & Referrers, and it's going to continue doing that long into the future
This market is not easy, but it gets much easier on Pumpfun.
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Recently I said we were committed to growing the Pumpfun app to tens of millions of users in the fastest way possible. There are two ways we’re making this happen.
First, put everything worth trading in one app, and ensure every new market is the best experience it can be. Last week, we shipped 6 new chains in 6 days, as well as perps, powered by Hyperliquid.
Before that, we shipped the fastest crosschain bridge with the lowest fees to empower users to trade nearly anywhere in crypto without friction.
Second, make the Pumpfun app the most rewarding app on Earth.
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As part of our mission to bring the next 10 million users onchain, we've been thinking about how to maximize onboarding incentives regardless of market conditions.
Referrals already make up part of those incentives, which is why we're continuing to allocate 100% of our platform's revenue to anyone who refers new traders & to those who actively callout tokens and contribute to the Pumpfun social graph.
However, to truly reach the masses, we need an incentive structure that is UNDENIABLY the most rewarding program for creators across ANY INDUSTRY, no matter where you create content or who your audience is.
With this, we're excited to announce the Pumpfun Creator Program: boosted referrals, MASSIVE rewards and a $100,000 competition over the next 2 weeks to celebrate the start of the program.
If you are a creator on TikTok, Instagram, YouTube or X, this program is for YOU. Help us grow the Pumpfun app and we'll reward you every single day, every step of the way.
I'm confident that this program will create 7 figure creators. The sky is truly the limit.
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Perps traders often move more size than most people onchain, yet most of them have never had a way to build a following or get paid for the calls they make.
In an era where traders are the new celebrities, perps traders should be able to leverage their audience the same way everyone else can.
That’s why we’re excited to officially integrate Hyperliquid into the Pumpfun app.
As of today, you can long or short BTC, ETH, stocks like TSLA and NVDA, gold and the S&P 500 on Pumpfun. Every position can be called out, your followers can tail it, and when you help them win, you earn Callout Rewards.
Traders who callout tokens on Pumpfun have earned over $24,000,000 in Callout Rewards so far. Perps traders now get the same uncapped upside and so much more.
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We're the ONLY popular trading interface that has added TON, period.
Another highly requested chain from our users added in just a matter of days
Crosschain traders have the most edge on Pumpfun
User feedback has been one of the most valuable parts of why the Pumpfun app has become the strongest social trading app across all chains
In the past week we launched Pump Bridge, EVM limit orders, supported several new chains & so much more
I'm highly confident that we're the fastest shipping team in crypto, and all of that is a direct result of putting the user experience first, always.
Expect more from your Pumpfun app over the coming months.
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You have less than 48 hours to sign up for the $2,500,000 Pumpfun Squads trading competition.
Reminder of rules and eligibility:
- First place wins $1.5M, second place wins $750K, and third place wins $250K
- You have until Monday 2pm UTC to sign up; if your squad hasn't signed up by then, you'll be sidelined
- All squad members must be in the squad before Monday 2pm UTC
- Perps PNL does not count toward this competition
- Pumpfun app, Pumpfun web, and Terminal are the only platforms where PNL counts toward the competition - reach out to a Pumpfun/Terminal affiliate if you need any help setting up!
- We will closely monitor the leaderboard for any attempts to game the competition and will punish offenders
This is a HUGE competition, do not miss out.
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The Pumpfun app just hit 50,000 Daily Active Traders.
That's 77% MORE than we had last week
This is EXACTLY what onboarding looks like.
I don't care what the market conditions are, we continue pushing because more users is what brings better markets.
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“Good things take time” is the biggest lie ever told.
Good things take a competent team who knows which tools you need to succeed as a trader and knows how to ship them at record speeds.
When we launched Pump Bridge yesterday, I said we’re dedicated to giving you the best possible onchain trading experience, no matter what it takes. We meant that - which is why we’re proud to take another HUGE step towards giving you the MOST edge on Pumpfun with EVM limit orders.
Every social trading app had the chance to ship EVM traders limit orders for all relevant chains after months of pleas for a feature that massively puts them ahead - no one can babysit a trade 24 hours a day - yet no one even tried to ship a solution.
We were late to crosschain trading, yet we were the first to ship limit orders on Solana and now EVM. That’s two MAJOR product releases in just two days. And there’s much more coming.
As of now, we are the fastest shipping team in crypto.
Your trading app should be shipping massive upgrades to your trading experience every single week. If they aren’t, it’s on you to decide which platform is best for your career as a trader.
The sooner you join Pumpfun, the sooner you unlock the chance to become one of the Greats onchain.
Sent from my Pumpfun App
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Kimchi is the first person to truly cross the chasm between crypto and pop culture; the first ever example of a trader becoming a celebrity.
He represents exactly where we’re heading: a massive social trading ecosystem that onboards retail and grows to 10x the size we were last cycle.
The next wave of users does not come from CT - it comes from the masses - and we're proud to have Kimchi help us set the creative direction that will pave us on the path to a 100x larger ecosystem.
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Why referrals have to place trades to receive up to $50 deposit matches
We’ve seen some rumors that the trade requirement for both the referrer and the referral to receive $50 is so that Pumpfun doesn’t have to payout as much rewards - this couldn’t be further from the truth, and the reason WHY this requirement is in place is far better for the Pumpfun app and the pump ecosystem as a whole
Our goal isn’t to get downloads, our goal is to RETAIN new users who can benefit every single one of you who shows up every day:
1) There’s no point in us onboarding retail if they onramp, take the cash and move it straight back offchain. We want new users to actually stick around and get involved in the ecosystem, and giving someone a consistent financial incentive across multiple days is statistically one of the most effective ways to increase trader retention.
2) For referrers, better trader retention means followers who continue to tune into what you’re trading and what you’re calling out, which makes you far stickier as a followed account than a one-off signup would.
3) It of course prevents mass fraud. For over a month, deposit matching quietly rolled out on the Pumpfun app, to which end we saw mass fraud and sophisticated attacks. Without the trade requirement in place, the program would get defrauded to the extent that it would be shut down for everyone, including the people using it properly.
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We've been thinking a lot about how to grow the Pumpfun app to 10 million users in the fastest way possible.
After dedicating significant resources to building the most performant product in the market and introducing crypto’s most novel rewards system in callout rewards, the answer was obvious: reward the community who help us grow the Pumpfun App.
Despite our relentless belief in our own ability to grow the app, strength in numbers >>>
So far, we’ve spent nearly $20,000,000 in ~2 months rewarding our users via Callout Rewards, but that isn’t enough - our vision is to make the Pumpfun app the most rewarding app on Earth.
Introducing referrals and allowing the Callout Rewards pot to organically grow via a platform fee fixes this.
The issue with our prior approach was that users wouldn’t necessarily be able to capture the upside in the network’s growth. Even if the Pumpfun App grew 10x, users would have no guarantee that the Callout Rewards pot, for instance, would scale past the ~$300k/day that it’s been averaging thus far.
Why invest your time and social capital building your Pumpfun profile if you don’t have certainty around the longevity and scalability of the total pot? Users deserve to have certainty and the potential to capture a part of the app’s upside.
With the introduction of fees - which are LOWER than any social trading app - we’re able to continue spending millions of our own dollars on in-app incentives like Callout Rewards, trading competitions, and so much more.
All platform fees that do NOT go to referrals will go towards INCREASING the Callout Rewards pot. $300k/day is the baseline.
The Pumpfun app is already the most rewarding platform in crypto by a wide margin, and now anyone can get EVEN more exposure to its growth by helping us grow it.
An app with endless upside. An app built to reward its users.
Sent from my Pumpfun App
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An update of the latest Callout Rewards algo iterations (not final!):
1. Tailer PNL now contributes to your rewards in the form of a multiplier: the more your followers win, the more you win. The more your followers get hurt, the more you get hurt.
Lowcaps are eligible again, *provided* that tailers actually have an opportunity to SUCCEED!
2. Volume is no longer the sole attribution driver
3. Abnormally high amounts of callouts per day will punish you
Those with a keen eye may have noticed we’ve been shipping more features on the callouts tab on the Pumpfun app in order to give you more insights as to how your tailers are performing.
Yesterday, we added a 1hr & 4hr metric for your follower PNL. The intention behind this metric is to provide more transparency and weed out the traders who may be leading their followers to slaughter within a short timeframe of their callout being posted. (credit to
@PoorGoat_ for some good stats, shown below)
There is an IMPORTANT caveat with this feature, which I want to make VERY clear: if a trader has GOOD hold times and their callouts take longer to successfully play out, do not assume that they are a bad trader to follow if their metrics are skewed on lower timeframes.
Some people callout a token which may go underwater over the short term, but results in a great trade over a period of days/weeks for their tailers. It is very important that this distinction is made!
Expect more changes to follow with the algorithm itself, as well as more comms around callout rewards!
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119,000 people used the pumpfun app for the first time during the first 2 weeks of october
The market may be down but onboarding is absolutely up.
Higher for our coins is only a matter of time.
Pumpfun is slowly but surely realizing its vision of becoming the main venue for anything interesting happening onchain.
Pump started as a simple bonding curve launchpad built to solve trust and liquidity for new launches.
Since then, we've shipped products like PumpSwap, Creator Fees, the Pumpfun app, Custom Pairs, and Holder Rewards which have all helped turn Pumpfun into the L1 for onchain trading, launchpads, and crypto native experiments.
Our existing infrastructure enables builders to create novel products with custom mechanics. Creator Fees give teams a potential revenue stream, giving them the flexibility they need during their early stage to invest in their own growth or, for example, to support tokens launching on their launchpad.
Creator fees have recently paid well over $20m per week.
For every pump launchpad update, aside from thinking about retail users, we consciously include developers as part of the conversation. Our goals are to make their lives easier, their work rewarding, and provide them with all the tools they need to succeed.
The more products that launch on Pumpfun, the bigger Pumpfun gets, and the more builders we can attract to launch on Pumpfun.
If you’re building anything in crypto and want to access instant attention and liquidity to support the long term success of your product, the best place to do it is on Pumpfun.
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Good afternoon.
We are aware that nerfing rewards for microcap calls can prevent people from earning on an extraordinary callout (like $20k -> $20m). The threshold for what is deemed a microcap is not yet public, while will allow ourselves time to:
- tweak the algorithm to stop rewarding lowcap farmers who generate callout volume regardless of the end outcome for their followers
- discern exactly what the threshold should be for an extraordinary microcap callout to be rewarded (providing your followers made money)
The immediate focus for the rewards algorithm is to cut out slop callers (which everyone agrees shouldn't be rewarded) while we work on a version which is still able to reward the extraordinary gems that are called out early.
We have not forgotten that extraordinary callers exist.
The solution here is not simple nor immediately perfect. More comms to follow on what will be a fairer, more lucrative reward system for GOOD actors.
Our goal is to MASSIVELY reward the people that help their followers make money
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