The $PKIN Token
The $PKIN token is the core asset that governs the Pumpkin protocol. It offers holders revenue-sharing opportunities and direct exposure to all tokens launched on Pumpkin through its Pumpkin Fund.
To clarify, Pumpkin has not raised any funds through public or private channels. The project has been fully self-funded by the team so far. This means there are no early investors who bought tokens at discounted rates and could dump them on the market.
Tokenomics
The $PKIN token will have a capped supply of one billion tokens, all minted at the time of the Token Generation Event (TGE).
The distribution of the total supply will be as follows:
Launch Event (Liquidity on Raydium): 931m tokens
93.1% of the total supply, equivalent to 931 million tokens, will be allocated to provide SOL/PKIN liquidity in the Raydium concentrated pool on the Solana chain.
We ran through the simulation with these numbers on Raydium concentrated pool to make sure that every investor & individual has a fair chance of participating in the bootstrapping of this project with as minimal slippage as possible.
Tokens launched on Pumpkin are trustless and automatically have their liquidity locked forever, $PKIN will be no different.
Protocol Development and Marketing: 69m tokens
6.9% of the total supply is set aside for key contributors driving the development and marketing of the project. This portion also covers community incentives and potential future airdrops, ensuring alignment with long-term goals and user engagement.
Only 0.9% of the total token supply will be unlocked at launch to cover development and marketing costs. The remaining 6% will be vested over a period of six months.
Protocol Fee Generation
Pumpkin generates fees through two key models: the bonding curve and Raydium's Concentrated Liquidity Market Maker (CLMM). These generate two types of fees:
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Buy Fees: Collected in SOL
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Sell Fees: Collected in the paired TOKEN
Fee Utilization
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SOL Fees:
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Creators: Retain 30% of all SOL fees.
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Stakers: 35% is distributed to the stakers for the created token.
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PKIN Stakers: 20% is allocated to $PKIN stakers.
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Pumpkin: 15% goes to the Pumpkin protocol to keep it operational.
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TOKEN Fees:
- All fees in TOKEN part are directed to the Pumpkin Index Fund, strengthening $PKIN’s value and providing a price floor. The underlying tokens can also be redeemed at any time by burning an equivalent portion of $PKIN tokens.
For more insights into the potential of Pumpkin and its growth prospects, take a look at our previous article. It provides an in-depth analysis of how the protocol works and its future potential, offering a clearer picture of why Pumpkin could become a major player in the space.
Get updated
Here are some quick links to get updated on what’s happening in Pumpkin.
Website: https://pumpkin.fun/
Telegram: https://t.me/pumpkindotfun
Twitter: https://x.com/pumpkindotfun