Crypto memecoin creation platform Pump.enjoyable has made its first-ever acquisition, shopping for the wallet-tracking platform Kolscan, with its founder gamification to drive progress.
Pump.enjoyable said on Thursday that it had acquired Kolscan, a platform named after the time period “key opinion chief” that “displays the actions of prime onchain merchants,” offers real-time transactions, their positive aspects and a “leaderboard rating their efficiency.”
“Our integration won’t solely allow higher merchandise for each Kolscan and pump enjoyable customers, however permit for completely new experiences that may change the whole onchain buying and selling panorama,” Pump.enjoyable mentioned.
The acquisition seems to be a bid from Pump.enjoyable to bolster its future choices forward of its preliminary coin providing (ICO) on Saturday, which goals to lift $1 billion. The platform has been losing market share to rival newcomer memecoin launcher LetsBonk.
Gamifying buying and selling “key to rising”
Pump.enjoyable co-founder Alon Cohen wrote on X that the Kolscan acquisition aligned together with his perception that “onchain buying and selling is a social sport,” with memecoin punters buying and selling with buddies and evaluating their bets.
“We imagine that merchandise that present social insights/instruments and gamify the buying and selling expertise are key to rising our ecosystem.”
Pump.enjoyable was credited with final 12 months’s memecoin revival. Memecoins are crypto tokens which might be normally tied to social media developments that haven’t any intrinsic worth or utility past extremely speculative buying and selling.
The platform permits customers with no coding abilities to simply create tokens, which noticed Pump.enjoyable make thousands and thousands of {dollars} in income a day at its peak in January, according to DefiLlama.
Pump.enjoyable plans extra Kolscan options
Cohen added that Pump.enjoyable plans to enhance and tack on further options to Kolscan and has made the instrument free to make use of.
He added Pump.enjoyable plans to enhance the reliability and velocity of the information for tokens, trades and revenue and losses, together with making the leaderboard “reward actual merchants once more, not simply ‘KOLs.’”
Pump.enjoyable additionally plans to “give further insights into copytrading exercise [and] different datapoints that may make clear a dealer’s methods.”
Cohen mentioned the platform will probably be “a core a part of our push to constructing crypto’s social media platform that may scale to the billions.”
Associated: Bots behind most tokens on Pump.fun and LetsBonk: Coinbase exec
Pump.enjoyable has already began to supply social media-type options reminiscent of livestreaming, which it shut down final 12 months after customers broadcast harmful and violent acts.
The function was revived in April for a handful of customers with moderation methods in place.
Pump.enjoyable ICO goals to lift $1 billion
In the meantime, Pump.enjoyable said on Wednesday that it was launching an ICO for its “PUMP” token on Saturday after weeks of speculation and leaks.
PUMP could have a complete provide of 1 trillion tokens, 330 billion of which, or 33%, will probably be put aside for traders at $0.004 a pop to focus on a $1 billion increase.
Institutional traders will probably be allotted 180 billion tokens from the ICO, with the general public sale to comprise 150 billion PUMP, confirming an earlier leak from crypto change Gate.io.
Pump.enjoyable banned its ICO provide to traders within the US and UK because of regulatory issues.
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