Problem Prelude

Why is there a utility token?

Prelude

Over this past year, we have seen the incredible amount of innovation and culture that has grown through various protocols in Solana.

PumpFun in particular has seen incredible growth, from no on-chain activity to being the behemoth it is today. Unfortunately, the ecosystem has only benefited from the innovation that PumpFun has released, but has not seen much reinvestment from PumpFun into the ecosystem itself. With a 1% fee on every transaction, PumpFun is rightfully paid for their innovative contributions, but has not provided much kickback into the ecosystem itself.