Question 1

What is PUMP?

Accepted Answer

PUMP is the utility token of the PumpBTC project; in certain materials or trading codes, it is written as PUMPBTC. Its stated uses are governance and rewards, for participation in rules and incentive arrangements within the project ecosystem. It is not Bitcoin itself, nor does it inherently represent a claim on company equity or project revenue. When understanding this asset, first distinguish the token name from pumpBTC issued by the project: PUMP is used for the project's governance and reward mechanisms, while pumpBTC is a different asset associated with Bitcoin liquid staking. The two have similar names but are not the same token, and pumpBTC's asset mechanism should not be directly applied to PUMP.

Question 2

What are PUMP's uses?

Accepted Answer

PUMP's stated uses are governance and rewards. Its governance use means holders may participate, through the governance mechanism established by the project, in matters related to rules or development direction; its reward use means the project may use tokens to incentivize ecosystem participation that meets the relevant rules. These two uses explain what roles PUMP can serve in the ecosystem; they do not mean that simply holding tokens necessarily results in rewards. Whether there are specific activities, eligibility requirements, snapshots, claiming conditions, or distribution conditions depends on the project rules applicable at the time. Where such rules have not been disclosed, no fixed yield or fixed distribution amount can be inferred from a “reward use.”

Question 3

What are PUMP's supply and allocation?

Accepted Answer

PUMP has a total supply of 1 billion tokens. Among the allocations listed in the project materials, community ecosystem and protocol development account for 38%, investors account for 20%, and contributors account for 19.5%; the remainder is allocated to the initial PUMP claim, IDO, marketing, and liquidity. Total supply describes the maximum quantity established by the token rules; allocation describes how those 1 billion tokens are assigned among different uses or participants. Neither is equivalent to the freely tradable circulating supply at a given point in time: a category of tokens may still be subject to claiming, vesting, or other arrangements even after being allocated. Therefore, the market-tradable supply at that time cannot be inferred solely from total supply or an individual allocation percentage.

Question 4

What is the difference between PUMP and pumpBTC?

Accepted Answer

The core difference between PUMP and pumpBTC is their different asset roles: PUMP is the utility token of the PumpBTC project, primarily associated with governance and rewards; pumpBTC is another asset issued by the project that is associated with Bitcoin liquid staking. Accordingly, discussions of PUMP should focus on its governance, incentives, supply, and allocation arrangements; discussions of pumpBTC should focus on its relationship with the relevant Bitcoin assets and liquid-staking mechanism. Similar names and belonging to the same project do not give the two assets the same collateral, redemption, yield, or supply logic.

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