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Memecoin platform incentivizes extreme dares
CoinDesk·
The memecoin issuance platform Pump.fun has launched a new bounty product that allows users to create and complete tasks for rewards, leading to controversial and potentially exploitative activities. One user tattooed a misspelled memecoin ticker on their forehead for a bounty, which then became a tradable token with a significant market cap. Other bounties have involved dangerous stunts like excessive alcohol consumption or demeaning tasks targeting vulnerable populations. While Pump.fun claims to moderate content, the platform's model turns attention into token trades, often benefiting creators more than those performing the stunts.
Tickers
$SOL-USD
Tags
fintech
crypto
regulation
Original Source
CoinDesk — coindesk.com