6 months ago
Solana-based memecoin launchpad Pump.fun paused its unrecorded watercourse diagnostic indefinitely to tackle rampant inappropriate enactment connected the platform, according to a Nov. 25 statement.
Pump. fun’s squad said that it has been moderating harmful content, precocious doubled the size of its quality moderators, and is investing successful automated moderation systems. However, the level s arsenic the level added:
“As the astir fashionable crypto app with user-generated content, we’re navigating challenges that galore different societal platforms person faced during their maturation phases and are taking akin steps to code the halfway issues.”
The connection noted that the unrecorded streaming diagnostic volition instrumentality online erstwhile the moderation infrastructure is acceptable to grip heightened enactment levels.
Launched successful May, the unrecorded video provender relation was progressive for less than six months.
Community backlash
Pump.fun allows users to make memecoins without method knowledge, and creators usage unrecorded streaming to seizure attraction from imaginable investors. Notably, the determination comes aft utilizing the unrecorded video provender diagnostic went to utmost cases.
Creators started presenting challenges to rise token prices, including the organisation of “not harmless for work” material. One creator started a situation wherever helium would enactment successful a toilet until the token terms reached $50 million. Another idiosyncratic launched a token and went arsenic acold arsenic to shoot a gun each clip the terms increased.
Furthermore, the information programme manager for Pudgy Penguins, who identifies himself arsenic Beau, reported that a creator was threatening to extremity his beingness if the token terms did not scope a circumstantial marketplace cap. On this occasion, Beau urged Pump.fun’s squad to crook disconnected the unrecorded watercourse feature.
Memecoin popularity
Pump.fun became fashionable connected Solana’s (SOL) ecosystem this year, with implicit 3.8 cardinal tokens deployed year-to-date.
According to a Dune Analytics dashboard created by task superior money Hashed, the token-issuing enactment generated implicit 1.4 cardinal SOL successful fees connected the platform.
Since August, Pump.fun-related transactions person represented the bulk of trading enactment connected decentralized exchanges (DEX). In November, Pump.fun tokens represented 62.4% of Solana DEX transactions, the highest monthly enactment related to the memecoin launchpad.
However, successful summation to the backlash received by the contented successful their now-disabled livestream function, the level is usually compared to a casino, fixed the debased percent of palmy tokens launched.
According to a Dune Analytics dashboard by idiosyncratic evelyn233, lone 1.42% of the implicit 3.8 cardinal tokens created connected Pump.fun reached the marketplace headdress indispensable to get a DEX launch.
The station Pump.fun disables livestream diagnostic amid assemblage backlash implicit NSFW launches appeared archetypal connected CryptoSlate.
English (US) 