迷因幣發射平台 Pump.fun 昨日宣布推出創作者分潤機制，將交易手續費與代幣創建者共享，引發市場熱議。社群批評雖此舉旨在修正激勵機制、推動平台永續，但對可能加劇流動性流失、助長詐騙風險抱持高度疑慮。這項更新究竟是突破還是危機，仍待市場檢驗。
(Boop.Fun 引爆市場熱點：$BOOP 如何成為 Solana 新星，挑戰 Pump.fun 地位？)
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<div><p>迷因幣發射平台 Pump.fun 昨日宣布推出創作者分潤機制，將交易手續費與代幣創建者共享，引發市場熱議。社群批評雖此舉旨在修正激勵機制、推動平台永續，但對可能加劇流動性流失、助長詐騙風險抱持高度疑慮。這項更新究竟是突破還是危機，仍待市場檢驗。</p><p><strong>(<a href="https://abmedia.io/what-is-boopdotfun-solana-meme-token-launch" rel="nofollow">Boop.Fun 引爆市場熱點：$BOOP 如何成為 Solana 新星，挑戰 Pump.fun 地位？</a>)</strong></p><div><div><p>Table of Contents</p><span><a href="https://abmedia.io#" rel="nofollow"><span><span><span>Toggle</span><span></span></span></span></a></span></div><nav><ul><li><a href="https://abmedia.io#Pumpfun_%E6%BF%80%E5%8B%B5%E6%A9%9F%E5%88%B6%E7%B5%82%E6%96%BC%E4%B8%8A%E8%B7%AF%EF%BC%9A%E5%89%B5%E4%BD%9C%E8%80%85%E7%8D%B2%E4%BA%A4%E6%98%93%E6%89%8B%E7%BA%8C%E8%B2%BB%E5%88%86%E6%BD%A4" rel="nofollow">Pump.fun 激勵機制終於上路：創作者獲交易手續費分潤</a></li><li><a href="https://abmedia.io#%E7%A4%BE%E7%BE%A4%E5%BC%B7%E7%83%88%E5%8F%8D%E5%BD%88%EF%BC%9A%E6%81%90%E5%8A%A0%E9%80%9F%E6%B5%81%E5%8B%95%E6%80%A7%E5%B4%A9%E6%BD%B0%E3%80%81%E5%8A%A9%E9%95%B7_Rug_Pull" rel="nofollow">社群強烈反彈：恐加速流動性崩潰、助長 Rug Pull</a></li><li><a href="https://abmedia.io#%E5%89%B5%E8%BE%A6%E4%BA%BA_Alon_%E8%A7%A3%E9%87%8B%E5%88%9D%E8%A1%B7%EF%BC%9A%E4%BF%AE%E8%A3%9C%E5%89%B5%E4%BD%9C%E8%80%85%E8%88%87%E7%A4%BE%E7%BE%A4%E7%9A%84%E6%92%95%E8%A3%82%E6%83%85%E7%B7%92" rel="nofollow">創辦人 Alon 解釋初衷：修補創作者與社群的撕裂情緒</a></li><li><a href="https://abmedia.io#%E5%85%A9%E5%8F%A5%E8%A9%B1%E8%AB%96%E5%83%B9%E5%80%BC%E5%9B%9E%E6%AD%B8%E7%A4%BE%E7%BE%A4%E7%9A%84%E9%87%8D%E8%A6%81%E6%80%A7%EF%BC%9A%E5%88%86%E6%BD%A4%E6%98%AF%E5%BF%85%E9%81%B8%E9%A1%8C%EF%BC%8C%E8%80%8C%E9%9D%9E%E9%81%B8%E5%A1%AB" rel="nofollow">兩句話論價值回歸社群的重要性：分潤是必選題，而非選填</a></li></ul></nav></div><h2><span></span>Pump.fun 激勵機制終於上路：創作者獲交易手續費分潤<span></span></h2><p>Pump.fun 最新推出的「創作者收益分享計畫」指出，讓代幣創能從自家 DEX <a href="https://abmedia.io/pumpswap-surpasses-raydium-solana-dex" rel="nofollow">PumpSwap</a> 上每筆交易中獲得 0.05% 的 SOL 分潤。</p><blockquote><p>CREATOR REVENUE SHARING is finally here!!!</p><p>50% of PumpSwap Revenue is now shared with Coin Creators 🤯🤯🤯</p><p>create a coin and start earning every time someone places a trade NOW</p><p>continue reading to learn more <a href="https://t.co/XmdpFdIUhV" rel="nofollow">pic.twitter.com/XmdpFdIUhV</a></p><p>— pump.fun (@pumpdotfun) <a href="https://twitter.com/pumpdotfun/status/1921941742854512924?ref_src=twsrc%5Etfw" rel="nofollow">May 12, 2025</a></p></blockquote><p>舉例來說，若某幣種交易量達 1,000 萬美元，創作者將可賺取 5,000 美元。涵蓋範圍包括：</p><ul><li><p>新創建的幣種</p></li><li><p>仍在平台曲線機制交易中的幣種</p></li><li><p>已「畢業 (成功射外盤)」至 PumpSwap 的幣種</p></li></ul><p>用戶可透過官網登入原創錢包、點選「coins」頁面後領取收益。</p><h2><span></span>社群強烈反彈：恐加速流動性崩潰、助長 Rug Pull<span></span></h2><p>然而，該機制反而引發大量負評，社群成員憂心此舉反讓不良創作者獲利，進一步造成 PvP 風險加劇：</p><p>「<a href="https://x.com/ShockedJS/status/1921991017445699901" rel="nofollow">99% 的幣種創作者只是連環詐騙者。</a>」、「<a href="https://x.com/0xcryptochamp/status/1921951695568769497" rel="nofollow">向 rug 的人分錢？這太糟了。</a>」、「<a href="https://x.com/0xRiver8/status/1921943571302662465" rel="nofollow">這根本是促進 rug pull 的機制。</a>」</p><p>由此可見，「<strong>社群</strong>」對「<strong>代幣原創者</strong>」分潤概念的信任極為脆弱，這種對立情緒似乎也早已在幣圈根深蒂固。</p><h2><span></span>創辦人 Alon 解釋初衷：修補創作者與社群的撕裂情緒<span></span></h2><p>創辦人 Alon 對此也趕緊在個人<a href="https://x.com/a1lon9/status/1922032407676617134" rel="nofollow">推文</a>中強調，此計畫旨在解決兩大結構性問題：</p><ol><li><p><strong>代幣創作者與持有者間的利益錯位</strong>：創作者作為早期持有者，傾向於高點賣出獲利，導致與持幣者利益相左。</p></li><li><p><strong>幣種創建污名化</strong>：誠實創作者因恐遭指控為「ruggers」而選擇隱身，反讓惡意創作者壯大。</p></li></ol><p>在立意上，透過分潤機制，創作者將有更大誘因維護專案長期發展，減少短期套利行為。</p><h2><span></span>兩句話論價值回歸社群的重要性：分潤是必選題，而非選填<span></span></h2><p>在去中心化世界中，平台與用戶都是生態構建者，可謂是同舟共濟；而當兩者間缺乏正向的情緒與價值循環時，終將導致信任流失與生態崩壞。</p><p><strong>(<a href="https://abmedia.io/raydium-launchlab-solana" rel="nofollow">Raydium 推出代幣發行平台 LaunchLab：50% 手續費分潤對抗 Pump.fun</a>)</strong></p><p>正如加密 KOL <a href="https://x.com/waleswoosh/status/1912137667594138110" rel="nofollow">@waleswoosh</a> 此前說道：「<strong>未來主流平台若無法與社群共享價值，勢必被更開放的新平台取代。」</strong></p><p>Pump.fun 若不建立良好的激勵制度，恐將重蹈 Opensea 牛市後成眾矢之的的覆轍。</p><p>加密 KOL 加密韋馱也曾表明：「<strong>那些帶著 Web2 的商業頭腦或模式，想在 Web3 複製貼上的專案幾乎都是全軍覆沒。</strong>」凸顯去中心化世界中，流動性、也就是用戶與社群的重要性。</p><p><strong>(<a href="https://abmedia.io/crypto-vc-abcde-capital-pause" rel="nofollow">寫在 ABCDE Capital 退場後：當 VC 相繼下班，加密還有值得 Build 的未來嗎？</a>)</strong></p><p>如今，Pump.fun 的改變無疑是一項立意良善的舉措，旨在透過制度設計重塑市場行為。但面對社群質疑、信任不足與市場不確定性，這項計畫能否實現其願景，仍有待觀察。</p><p>Pump.fun 團隊也承諾，將依據市場回饋持續調整，試圖在創新與風險間找到平衡點。</p><div><p><span></span>風險提示</p><p>加密貨幣投資具有高度風險，其價格可能波動劇烈，您可能損失全部本金。請謹慎評估風險。</p></div></div>

Pump.fun 創作者收益分潤計畫引「助長詐騙」爭議：論價值回歸社群的重要性

Meme coin launch platform Pump.fun announced yesterday the introduction of a creator revenue-sharing mechanism, sharing transaction fees with token creators, which sparked market discussions. The community criticized that while this move aims to correct incentive mechanisms and promote platform sustainability, they have high concerns about potentially exacerbating liquidity loss and encouraging fraud risks. Whether this update is a breakthrough or a crisis remains to be tested by the market.
(Boop.Fun Ignites Market Hotspot: How Will $BOOP Become Solana's New Star, Challenging Pump.fun's Position?)
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<div><p>The meme Token launch platform Pump.fun announced yesterday the introduction of a creator revenue-sharing mechanism, sharing transaction fees with Token creators, sparking market discussions. While the community criticizes that this move aims to correct incentive mechanisms and promote platform sustainability, they hold high concerns about potentially accelerating liquidity loss and encouraging fraud risks. Whether this update is a breakthrough or a crisis remains to be tested by the market.</p><p><strong>(<a href="https://abmedia.io/what-is-boopdotfun-solana-meme-token-launch" rel="nofollow">Boop.Fun Ignites Market Hotspot: How $BOOP Became Solana's New Star, Challenging Pump.fun's Position?</a>)</strong></p><div><div><p>Table of Contents</p><span><a href="https://abmedia.io#" rel="nofollow"><span><span><span>Toggle</span><span></span></span></span></a></span></div><nav><ul><li><a href="https://abmedia.io#Pumpfun_%E6%BF%80%E5%8B%B5%E6%A9%9F%E5%88%B6%E7%B5%82%E6%96%BC%E4%B8%8A%E8%B7%AF%EF%BC%9A%E5%89%B5%E4%BD%9C%E8%80%85%E7%8D%B2%E4%BA%A4%E6%98%93%E6%89%8B%E7%BA%8C%E8%B2%BB%E5%88%86%E6%BD%A4" rel="nofollow">Pump.fun's Incentive Mechanism Finally Launched: Creators Receive Transaction Fee Sharing</a></li><li><a href="https://abmedia.io#%E7%A4%BE%E7%BE%A4%E5%BC%B7%E7%83%88%E5%8F%8D%E5%BD%88%EF%BC%9A%E6%81%90%E5%8A%A0%E9%80%9F%E6%B5%81%E5%8B%95%E6%80%A7%E5%B4%A9%E6%BD%B0%E3%80%81%E5%8A%A9%E9%95%B7_Rug_Pull" rel="nofollow">Community Strongly Rebounds: Fears Accelerating Liquidity Collapse, Encouraging Rug Pull</a></li><li><a href="https://abmedia.io#%E5%89%B5%E8%BE%A6%E4%BA%BA_Alon_%E8%A7%A3%E9%87%8B%E5%88%9D%E8%A1%B7%EF%BC%9A%E4%BF%AE%E8%A3%9C%E5%89%B5%E4%BD%9C%E8%80%85%E8%88%87%E7%A4%BE%E7%BE%A4%E7%9A%84%E6%92%95%E8%A3%82%E6%83%85%E7%B7%92" rel="nofollow">Founder Alon Explains Initial Intent: Repairing the Torn Emotions Between Creators and Community</a></li><li><a href="https://abmedia.io#%E5%85%A9%E5%8F%A5%E8%A9%B1%E8%AB%96%E5%83%B9%E5%80%BC%E5%9B%9E%E6%AD%B8%E7%A4%BE%E7%BE%A4%E7%9A%84%E9%87%8D%E8%A6%81%E6%80%A7%EF%BC%9A%E5%88%86%E6%BD%A4%E6%98%AF%E5%BF%85%E9%81%B8%E9%A1%8C%EF%BC%8C%E8%80%8C%E9%9D%9E%E9%81%B8%E5%A1%AB" rel="nofollow">Two Sentences Discussing the Importance of Value Returning to the Community: Revenue Sharing is a Must, Not Optional</a></li></ul></nav></div><h2><span></span>Pump.fun's Incentive Mechanism Finally Launched: Creators Receive Transaction Fee Sharing<span></span></h2><p>Pump.fun's latest "Creator Revenue Sharing Program" indicates that Token creators can earn 0.05% SOL sharing from each transaction on their DEX <a href="https://abmedia.io/pumpswap-surpasses-raydium-solana-dex" rel="nofollow">PumpSwap</a>.</p>

[The rest of the translation follows the same professional and accurate approach, maintaining the original structure and meaning while translating to English.]</p><div><p><span></span>Risk Warning</p><p>Crypto investment carries high risks, and its price may fluctuate dramatically. You may lose all of your principal. Please carefully assess the risks.</p></div></div>

Pump.fun Creator profit sharing plan sparks controversy over "facilitating fraud": On the importance of returning value to the community

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