PumpTGT Token

The $PumpTGT token is the native utility token of the Pumptogether platform and the locking mechanism by which the DAO Governance vote escrow NFT; vePumpTGT tokens are created. The vePumpTGT NFT token allows for boosted votes using the www.snapshots.box governance platform and platform fee earnings by every vePumpTGT NFT token holder.

$PumpTGT utility token is used by traders on the Pumptogether platform dapp products in the following ways to facilitate various memecoin staking and buying activities:

$PumpTGT Utility:

• Staking (small amount burned upon locking).

• Launching projects (via Pump Launcher).

• Perpetual supply deflation via a fee-burning mechanism (a small amount of $PumpTGT is bought with fees and burned).

Staking $PumpTGT allows traders to accumulate daily XP, which can be used to collect a portion of platform fees. Unstaking removes all earned XP, causing potential earning losses. At launch, 20% of platform fees are rewarded to active stakers daily. The proportion of fees available to traders is determined by the PumpTogether DAO.