In order to support the growth of the Internet Capital Market (ICM), Pump Fun announced ealier today the debut of its “Spotlight” initiative, which aims to increase the attention and liquidity of utility tokens without meme qualities. The Spotlight program has now started accepting applications, too.
The launch of Spotlight
According to Pump.fun, the initiative will examine organisations whose tokens are incorporated into the company’s long-term strategy and have useful value within the ecosystem, and it will help these teams create plans for issuance.
The Spotlight program is now accepting applications. In order to connect initiatives with the individuals who need to see them, Spotlight will be essential.
Also Read: Solana Foundation, Solana Labs, And Jito Execs Named Co-Conspirators In Pump.fun Lawsuit
The degree of liquidity
While using this worldwide network of liquidity may be very profitable for long-term ventures, many projects need intermediate financing to launch their firms.
With the launch of PumpSwap’s Dynamic costs in September, projects may use Creator Fees to bootstrap substantial funds while giving traders access to the most affordable costs available.
The pump.fun ecosystem has a proven track record of creating extremely profitable tokens, and further success examples will only become inevitable as protocol advancements continue to improve.
Communications as a factor
As everyone knows, cryptocurrency is heavily influenced by emotion and momentum. A team’s ability to draw attention by explaining to the world why it deserves attention and to maintain a community of believers who see the vision through multiple market cycles is not only an underappreciated quality but also essential to fostering long-term success.
It has been repeatedly demonstrated that you will almost certainly fail if you do not invest a substantial amount of resources in self-promotion.
With more than 13 million released tokens on the platform, which is the top marketplace linking projects and investors, no team is more qualified to provide you advice on your communications strategy and execution, the project stated.
They have started providing practical go-to-market and communications guidance to current and future projects on the platform in recent weeks and months.
Pump.fun’s primary objective is to tokenise the world’s most promising prospects in order to generate wealth effects inside its own ecosystem.
Utility token projects are a crucial vertical that they will be concentrating on in the future. They will be successful by relieving teams of as many tasks as possible so they can concentrate on developing their goods.
They would want to hear from any project that could be interested in receiving assistance, whether one has already released a token or plans to do so in the future, whether one is a part of Solana or the pump.fun ecosystem, or anywhere else.
Also Read: Pump.fun Starts Glass Full Foundation To Back Solana Projects