class of '17 trader, consultant @peepzonsol
Luna
Joined January 2022
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not the paid-partnership, on-camera, ugc slop, for an opensea trading challenge nonetheless, mere hours after chirping me in my replies!
yucky stinky yuck yuck
that part.
Updates to Callout Rewards
We're running experimental algorithms alongside the existing Callout Reward algorithm. The daily rewards pot now has a small amount allocated to the experimental algorithm every day as we observe how effective the algorithms are.
The 'Degen' algorithm is the algorithm that everyone is familiar with, it will not change.
The 'Diamond' algorithm is the experimental algorithm. This version focuses on:
- Higher market cap tokens
- Incentivizing holding and reducing callout spam
- Boosted rewards for certain asset classes
The Diamond will continue to evolve and will be directly influenced by your feedback and what behavior users wish to see rewarded, such as holding, top blasting & conviction trades.
people hate-replying to my criticism of pump fun callout rewards structure, meanwhile the founder is in my DMs asking for feedback.
you can’t make this shit up
pump fun callout rewards reward influencers and KOLs, not traders
the fact that people debate this fact is wild to me
callout rewards, but they’re weighted for both longest hold time, and realized PNL and ONLY pay out when you sell the coin (ie: make a successful trade)
would love to see pump do this instead! I think it would genuinely reward traders
there is a lot more money to be made gaining followers than there is trying this trade markets without influencing the chart
this is awesome for wirelyss, and I support her.. but can we be clear here?
-roundtripping a bag and eating on rewards is not trading, this is a low to no risk strategy for someone with her following
-you will not see similar results to this without a substantial pre-existing social media following prior to signing up
-it is unlikely your callouts rewards will even cover your initial investment unless you have both top holder status, and a larger following
This is perhaps one of the best ways in the world rn to monetize a following and that’s dope!
Calling it trading that anybody can do is unrealistic and borderline deceptive.
It’s a better set of incentives than before, but not beneficial to most traders. She does deserve the money for bringing volume to the platform.
How to make over $200,000 by being the change you want to see in the world
> be @wirelyss
> trade memecoins
> enjoy creating content & bag working
> get tired of the state of the market
> decide to use your voice for good
> fund Pumpfun app with $200
> start trading in public
> recognize good trends early
> post callouts for your followers to buy the coins you believe in
> create good content to push trends further
> grow pumpfun account to over 55,000 followers
> earn over $200,000 from posting content on Pumpfun
> gain respect from the biggest names in the space
> life is good
people will really do mental timeline gymnastics to convince themselves otherwise, but the callout system heavily rewards those with a following, that’s not a bad thing, but it is NOT the same as rewarding traders, for trading.
if callout rewards went to people with a combination of the highest hold times, and realized pnl, that would be better
slop deploys that function as attention markets are boring and incompatible with the community ethos of the top meme coins of last cycle which went on to last months / years / billions
understanding the difference is gonna be the key to being in the big winners this cycle
and what everyone has obviously notice by now, contributing your limited liq to these short term plays ends in lower ceilings all around