BTC $84,808.29 +0.34%
ETH $2,692.05 +0.71%
BNB $784.42 +2.42%
XRP $1.49 +0.43%
SOL $120.73 +1.47%
TRX $0.3353 +0.34%
DOGE $0.0927 -0.17%
ADA $0.2430 -0.96%
BCH $317.62 +2.80%
LINK $14.03 +1.05%
HYPE $89.92 +2.20%
AAVE $182.09 +3.11%
SUI $1.17 +2.41%
XLM $0.2158 +0.70%
ZEC $1,308.85 -0.29%
AAPL $333.34 +0.02%
AMZN $252.43 +0.23%
GOOGL $343.96 +0.05%
MSFT $518.07 +0.09%
META $730.83 +0.49%
NVDA $234.38 +0.07%
TSLA $371.73 +0.29%
SNDK $1,716.96 -0.07%
INTC $117.00 -0.94%
SPCX $158.81 -0.06%
MU $1,066.79 -0.08%
AMD $633.73 -0.02%
BTC $84,808.29 +0.34%
ETH $2,692.05 +0.71%
BNB $784.42 +2.42%
XRP $1.49 +0.43%
SOL $120.73 +1.47%
TRX $0.3353 +0.34%
DOGE $0.0927 -0.17%
ADA $0.2430 -0.96%
BCH $317.62 +2.80%
LINK $14.03 +1.05%
HYPE $89.92 +2.20%
AAVE $182.09 +3.11%
SUI $1.17 +2.41%
XLM $0.2158 +0.70%
ZEC $1,308.85 -0.29%
AAPL $333.34 +0.02%
AMZN $252.43 +0.23%
GOOGL $343.96 +0.05%
MSFT $518.07 +0.09%
META $730.83 +0.49%
NVDA $234.38 +0.07%
TSLA $371.73 +0.29%
SNDK $1,716.96 -0.07%
INTC $117.00 -0.94%
SPCX $158.81 -0.06%
MU $1,066.79 -0.08%
AMD $633.73 -0.02%

et

All
Article
Flash

Pump.fun adjusts the Callout reward mechanism: high-frequency releases lead to diminishing marginal returns, with rewards placing greater emphasis on content quality

Alon, co-founder of Pump.fun, stated that two months after the launch of the platform's $15 million Callout reward program, it was found that the initial mechanism inadvertently incentivized undesirable behavior, leading to a flood of low-quality content and weakening users' willingness to continuously create high-quality content.Pump.fun subsequently adjusted the reward algorithm to place greater emphasis on content quality rather than the quantity of posts. According to the new mechanism, the more Callouts a user posts each day, the lower the marginal returns from the new content. Alon mentioned that the reward mechanism is still undergoing iterations, but there is still a lot of work to be done to ensure that a large number of users can sustainably produce high-quality content over the long term.He also stated that the rewards currently cover both top accounts and accounts with fewer than 10 followers, with no favoritism or preferential treatment. Alon suggested that users focus on recommending quality tokens, building trader trust through content, and earning rewards based on the trading volume generated by their Callouts. He emphasized that simply flooding the platform with Callouts or dumping tokens to followers will not yield sustainable returns.

first_img OpenPayd plans to go public on Nasdaq by the end of the year and enter the U.S. market in April 2027

According to CoinDesk, Iana Dimitrova, CEO of the London-based payment infrastructure company OpenPayd, told CoinDesk that the company expects to complete its merger with Titan Acquisition Corp. and go public on Nasdaq by the end of this year. The transaction is still subject to conditions such as the effectiveness of the registration statement with the U.S. Securities and Exchange Commission and approval from Titan's shareholders, with the stock ticker expected to be OP after listing. According to the announced terms, the transaction implies a valuation of OpenPayd of up to $1.1 billion.OpenPayd provides account, foreign exchange, and domestic and international payment services to businesses such as Kraken, B2C2, and OKX, and offers infrastructure for converting between fiat currencies and stablecoins, having integrated with the Circle payment network and Fireblocks payment network. Last month, the company incorporated MSB USA Inc. and its 43 state-level money transmission licenses into the group, planning to launch services for U.S. customers by April 2027.For the fiscal year ending April 30, 2026, the company reported revenue of $73 million, up from $57 million in the previous fiscal year, with EBITDA of $13 million and a net loss of $2.8 million. A company spokesperson stated that the loss was entirely due to $5.8 million in one-time transaction costs related to this merger.Dimitrova stated that the company intends to acquire businesses that can provide licenses or technology to accelerate its entry into new markets. Going public will provide funding and publicly traded stock that can be used for transactions and collaborations. The company is also considering conducting a private placement before the merger to raise growth capital.
app_icon
ChainCatcher Building the Web3 world with innovations.