Solana-based token launchpad pumpfun has introduced a new feature called “Cashback Coins.”
Cashback Coins provide a choice for creators: they can decide to direct all creator fees towards traders or opt for traditional creator fees, but this choice must be made before launch and cannot be altered later. The introduction of these coins is part of pumpfun's strategy to address ongoing concerns in the crypto space about the distribution of rewards and incentives.
"Creator Fees are undeniably a net positive for helping teams, creators & founders grow & succeed. However, many tokens achieve success without a team or project lead, thereby disproportionately rewarding token deployers who don’t deserve the fees," the team wrote on X.
To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
