Solana-based memecoin platform Pump.fun plans to share a portion of its protocol revenues with token holders via the upcoming PUMP token. According to two sources close to the matter, the platform aims to raise funds through a $1 billion initial coin offering (ICO). It is not yet clear how much of Pump.fun’s revenues will be channeled into the PUMP token through its “buyback-supported benefit structure.” It is also unclear whether this model will include revenues from the decentralized exchange PumpSwap, which launched earlier this year. The platform did not respond to requests for comment on the matter. Pump.fun’s daily revenue peaked at over $7 million on Jan. 23. However, that figure has gradually declined to around $1 million per day. The platform has generated a total revenue of around $677 million since its launch in early 2024, making it one of the most profitable startups in the crypto space. “Some details are still subject to change, but the idea is to tie a portion of the platform’s revenues to a buyback mechanism,” a source close to the founding team said in a statement. The same source added that the tokens are planned to be fully opened during the TGE (Token Generation Event) for investors participating in both the private and public sale. Pump.fun first announced its token project last October. At the time, an anonymous founder said at an X Spaces event, “We plan to launch a token in the future and reward our earliest users.” The PUMP token is expected to be sold to both private and public investors. According to sources, the total supply will be limited to 1 trillion tokens and the tokens will be fully opened in the first stage. The unit price of the token has been set at $0.004 for private investors and the public offering is planned to be held in two weeks. It is also among the information that a part of the token sale will take place on major exchanges such as Binance and an airdrop will be organized. According to a source, around 25% of the token supply will be allocated for public sale and 10% for airdrop. *This is not investment advice.