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In February this year, the market was buzzing with rumors that $PUMP would have a large cap public sale, and the community's fear, uncertainty and doubt (FUD) reached a climax.
At that time, I thought, since Pump fun is the most profitable platform this round but gives very little back to the community, and is so greedily conducting public sales to suck blood, why not go against the grain and issue a community coin where over 90% of the chips are publicly airdropped and distributed fairly based on users' trading volume and other indicators?
Similar things are not without precedent; I summarized this last year. In my view, this is one of the most valuable and meaningful aspects of web3: anyone can permissionlessly access and analyze all publicly available data on the blockchain.
Of course, issuing and managing such airdrop with the largest scale in crypto history and millions of addresses is not easy. It requires finding a wonderful balance in various aspects, such as viral spread on social media, data scraping and analysis of millions of wallets, and liquidity management.
I am aware that I do not have such comprehensive resources, so I shared this idea with teams from 3 different countries, but none of them implemented it for various reasons. One of the teams attempted to crawl the complete data from January 2025 and reported that the data volume was enormous and resource-intensive. Later, as the market cooled down, they abandoned the project.
* Issuing tokens must comply with local laws and regulations.