Quote from: moonlight666 on Today at 06:27:13 AM

What is Pump Money

PUMP is a value-coupled anti-inflation cryptocurrency, that is farmed through liquidity providing.

PUMP use a completely decentralized method, based on the supply and demand relationship of token prices and circulation. Traditional mining often releases supply according to a planned supply mechanism.But continue mining according to the plan when the currency price drops, which in turn leads to a further decline in the currency price, gradually reducing the attractiveness of the consensus of the community, and finally becoming a shitcoin.

PUMP proposes a new supply mechanism, value coupling coupling, that is, community ecology and token prices promote each other, driving a spiral increase in market value. Only when the price reaches the highest value will new tokens be farmed. If the price is not at the highest value, no new tokens will be farmed.

Bitcoin was the first decentralized crypto digital asset. Many of its mechanisms became the standard for later digital assets. For example, the POW consensus and the fixed total amount, the supply mechanism of halving in four years, became the basis of many digital assets. But as more and more crypto projects are created, this mechanism becomes no longer reasonable. Pow consumes wast too much energy. The purpose of halving production in four years is to deflate production, but the reality is that many coins collapsed before production cuts, and the consensus collapsed. In order to solve this problem, we propose a value-coupled economic system, which discovers the relationship between supply and demand in the market through price, and only when the price reaches the highest value will new coins be produced.

In the traditional POW consensus coin production mechanism, currency price information cannot be obtained on the chain, and digital assets are usually traded on centralized exchanges. The uniswap decentralized exchange makes prices available on the chain at any time. In addition, uniswap’s automatic market maker mechanism also keeps the currency’s liquidity from drying up, which provides conditions for our value coupling mechanism. The supply of pump farming as follows:
1 The user purchases PUMP with uniswap, provides liquidity to the PUMP-ETH trading pair, and obtains LP.
2 In PUMPv1 stake LP token to mining.
3 When the price reaches the condition, that is, the highest value in history, new tokens will be farmed,100PUMPS once every day.
4 Each user can farmed the amount of PUMP based on the proportion of LP and the staking time.