Reminder PumP Markets Early Adopter
The Most Capital-Efficient Points Marketplace on BLAST
Tired of losing out on yield and locking up capital in clunky, expensive pre-market platforms? We're revolutionizing the game by introducing P2P Trading for points and pre-market tokens that eliminates these pain points and earn up to ~15% yield on collateral.
💰Point Markets
Background
- Capital Inefficiency: Existing P2P OTC platforms like Whales Market require two-sided collateral where both buyer and seller lock up funds, leading to significant capital inefficiency. Additionally, sellers are hesitant to list points early due to long lock-up periods.
- Lost Yield: Locking up capital in pre-market token allocations means high opportunity cost in terms of yield. As an example, Ethereum currently generates 4% yield.
Why Now?
- Maturing Point Systems: Point systems are becoming increasingly robust and standardized, while yield generating assets are becoming more attractive as more capital enters Web3 through wider retail and institutional adoption. This creates a higher demand for points, which also extends to pre-market tokens.
⚒️Pump! Solution
- Capital-efficient Points & Pre-market Marketplace: Pump enables P2P trading of points and pre-market tokens from any project. Users can create a buy or sell order in a decentralized manner without any centralized entity controlling it. All transactions will be executed through smart contracts.
- Native Yield for Seller: Seller who has an order filled will receive up to 15% of yield on the collateral because of native yield on Blast L2. This is because the platform holds Buyer's funds once each order is filled, and then automatically re-distributes yield from Buyer's funds during holding period once the order is settled. Holding periods typically range from 15 days to 1.5 months.
- Tradeable Positions: For every filled order, the Buyer can mint a ERC-721 NFT that represents the positions and trade freely on existing NFT marketplaces like Blur, or lend on Blend.
- Dynamic Collateral: Seller can toggle how much collateral to deposit for each order. The yield on deposit ranges from 5 to 15%.
Quantifying the Advantage:
- Example: Assuming $40 million is locked on a traditional P2P market, the buyers and sellers lose $300K of yield per month.
💻How it works
Buyers:
- Purchase points or tokens from your favorite project before trading:
- Discover and browse the most hyped projects in the space
- Purchase in a safe and trusted space, fully decentralized and control by the user
- Unlock Liquidity with NFTs:
- Mint positions as ERC-721 NFTs, representing your long or short bets on specific assets
- Gain flexibility by easily trading these NFTs on popular marketplaces like Blur
Sellers:
- Earn Passive Income through yield:
- Generate up to 15% yield on your listed positions
- Yield is received at token TGE post-settlement
- Tailor Your Strategy:
- Choose your collateral level based on your risk tolerance and desired yield
- Toggle collateral percentage between 50% and 100% to optimize your returns based on your investment strategy
How it works (Buyer):
1. Find the position to enter:
- Fill a Sell order or create Buy order
2. Deposit funds:
- Connect your wallet and deposit the full purchase price amount in USD-B
3. Mint your NFT:
- Click the mint button to receive the NFT in your wallet
- List your NFT on Blur or lend on Blend (coming soon)
4. Receive Token:
- At TGE, Seller will release the tokens to you in a 24-hour window
- If the Seller fail to send you the tokens within 24 hours, you will receive the collateral and purchase price back in full
How it works (Seller):
1. Create your position:
- Create a Sell order
2. Set your collateral level:
- Define the amount of collateral between 50% and 100%.
- Yield on the collateral ranges between 5% to 15%.
- Top Pump candle holders have the option to lower collateral level to 30%
5. Release Token:
- Post TGE, Seller has a 24-hour window to release the tokens to Buyer
- You will receive up to 10% yield on your collateral plus the purchase price amount from Buyer.
- If you fail to settle within 24 hours, you will lose your collateral to Buyer
Safety and security:
- Secure smart contracts handle all transactions.
- Funds are held in escrow until settlement.
- Transparent audit reports ensure platform security.
📈Trade your position via. NFT
Having your position represented through a ERC721 NFT unlocks unprecedented opportunities
- Create flexibility for buyer to trade in / out of the position through NFT marketplaces
- Allow buyer to borrow with the NFT as collacteral on Blend or other NFTFi protocol (coming soon)
🤝Settlement
💸Platform Fee
Pump takes a 2.5% fee that goes into teasury. In the future, Pump will move to a DAO system through the platform utility token to govern treasury and control value accrual and distribution of the platform.
💯Pump Points
⛽
Overview
Pump Points (PP) is powered by a dynamic points system that allows Pump Markets to reward early adopters on Blast and give back to our core community.
Pump Points can be accumulated across 2 seasons:
- Season 1: Testnet
- Season 2: ███████
Each season will have different timings, mechanics, rates and boost multipliers.
Season 1
How to earn Pump Points (PP) in Season 1
Onboarding
By completing the onboarding process and joining our Telegram channel, you will earn 10 PP every hour until ███████
Invites
Invite others to boost your points. You will earn PP for each referral and ■■% of PP earned by your invites.
Signing up with a valid referral code will give you an immediate 100 PP bonus.
⁉️FAQ
General:
Q: Where can I find more information about Pump?
A: You can find more information on our twitter @pumpmarkets.
Technical:
Q: What is Pump built on?
A: Pump is built on Blast Layer-2 blockchain and supports EVM smart contracts.
Point System:
Q: How do I earn points?
A: You can earn points through various activities such as buy and sell orders, referrals, and social engagement. More details to come!
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Register PumP Markets Early Adopter
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