PUMB (pumpbit Token)
Last updated
Last updated
PUMB (PumpBit Token) is PumpBit's native token, with a maximum supply of 1 billion. It is generated through location, liquidity, and referral mining, rewarding community users. PUMB's initial daily issuance rate is 1,000,000 (the DAO can adjust this number but cannot exceed 1,000,000). PUMB holders earn 25% of the protocol's transaction fees through staking.
Hold positions.
Provide liquidity for the trading pairs.
Provide liquidity for the PUMB/BTC pool (full range) on DEXs and stake the PUMB/BTC LP Token on PumpBit.
Users can stake PUMB/BTC LP Tokens from the DEXs PUMB/BTC pool (full range). In return, they receive vePUMB at a 1:1 ratio, a non-transferable token granting governance rights. The transaction fees earned depend on the proportion of tokens locked[1] and the lock-up duration.
Multipliers increase with the length of the lock-up period (30, 60, 90, 180, 360 days), offering higher multipliers (1x, 2x, 3x, 4x, 5x respectively).
After each lock-up period, the system automatically re-locks for the same duration (e.g., after a 60-day lock-up, it re-locks for another 60 days). However, the first 7 days of the new lock-up period serve as an "unlocking period," during which users can freely unlock. If they miss the unlocking period, they must wait until the end of the lock-up to access their tokens again. Earnings during the unlocking period are still distributed based on the earnings of the lock-up period.
** [1] The ratio for PUMB/BTC is calculated based on the amount of PUMB in the LP Token at the locking time.
