Crypto memecoin creation platform Pump.enjoyable has made its first-ever acquisition, shopping for the wallet-tracking platform Kolscan, with its founder taking a look at gamification to drive progress.
Pump.enjoyable stated 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 your entire onchain buying and selling panorama,” Pump.enjoyable stated.
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 dropping market share to rival newcomer memecoin launcher LetsBonk.
Gamifying buying and selling “key to rising”
Pump.enjoyable co-founder Alon Cohen wrote to X that the Kolscan acquisition aligned along with his perception that “onchain buying and selling is a social sport,” with memecoin punters buying and selling with associates and evaluating their bets.
“We consider 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 yr’s memecoin revival. Memecoins are crypto tokens which might be often tied to social media traits that haven’t any intrinsic worth or utility past extremely speculative buying and selling.
The platform permits customers with no coding expertise to simply create tokens, which noticed Pump.enjoyable make hundreds of thousands of {dollars} in income a day at its peak in January, in response 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 software free to make use of.
He added Pump.enjoyable plans to enhance the reliability and velocity of the info 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 stated the platform can 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.enjoyable and LetsBonk: Coinbase exec
Pump.enjoyable has already began to supply social media-type options similar to livestreaming, which it shut down final yr after customers broadcast dangerous and violent acts.
The characteristic 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 stated on Wednesday that it was launching an ICO for its “PUMP” token on Saturday after weeks of hypothesis and leaks.
PUMP may have a complete provide of 1 trillion tokens, 330 billion of which, or 33%, can be put aside for traders at $0.004 a pop to focus on a $1 billion increase.
Institutional traders can be allotted 180 billion tokens from the ICO, with the general public sale to comprise 150 million PUMP, confirming an earlier leak from crypto change Gate.io.
Pump.enjoyable banned its ICO provide to traders within the US and UK attributable to regulatory issues.
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