PumpitPrice

(PUMPIT)

Pumpit (PUMPIT) is a Web3 token that originated as a meme coin in 2022, created to honor "Mr. Pump IT himself." The project was relaunched to establish a safe environment for investors, particularly after a previous incident involving an older developer. It is envisioned as a community-driven NFT and token launchpad aimed at supporting promising startups within the crypto space.

Pumpit (PUMPIT) is a Web3 coin built on the Solana blockchain, which is recognized for its high-speed and cost-effective transactions. Although initially launching on Binance Smart Chain (BSC), the project planned to integrate with Ethereum (ETH) and other blockchains.

Pumpit is developing its own token and NFT launchpad. It aims to create an NFT marketplace that supports both blockchain integrations. Additionally, a decentralized exchange specifically for meme coins is planned, where transaction fees will be distributed among PUMPIT token holders. The top 100 wallet holders and top NFT holders will also have voting rights on this decentralized exchange.

The tokenomics of Pumpit describe its economic model, encompassing its supply, distribution, and utility. At launch, 29% of the supply was burned. To manage supply, 20% of the coins are planned for burning (at approximately 5% of the total supply each month post-launch), and 25% of the total supply is locked and will be released for listings as needed.

To promote a fair launch and deter "pump and dump" schemes, Pumpit implemented specific measures. For the initial fourteen days, there was a buy and sell limit, restricting purchases to a maximum of 72,000,000 tokens per transaction and per wallet. A 10% buy and sell tax was also applied, with the proceeds allocated to marketing, rewards, and enhancing liquidity. The project emphasizes its "anti-rug tech" to provide a secure environment for meme coin investments.

PUMPIT tokens can be traded on decentralized exchanges, with Raydium being a popular option for the PUMPIT/SOL trading pair. However, some platforms have reported restrictions on buying due to low liquidity, though selling options are available. It is noted that Pumpit may not be listed on many cryptocurrency exchanges yet, and advises that Over-the-Counter (OTC) trading carries considerable risks.