💧The Pumpe Pool

How the Pumpe Pool Works

Pump features TL:DR

• Pumpe takes 5% tax of all buy/sell transactions and allocates it to the Pumpe pool

• After people buy the token at launch, they are able to vote for “Pumpe”

• When >50% holding of token vote pump, use all reserve to buy back the token -> pump

The Pumpe pool collects 5% of METIS from each token transaction (buy/sell). Users can hit the PUMP button after a trade transaction. This fee collected is activated when hit users hold a combined total of over 51% of the token's circulation. The reserved METIS is instantly released and used to buy tokens, boosting the price.

The market price of the token will be influenced only by 95% of the traded METIS, not including the 5% diverted to the Pumpe pool.

Example:

Scenario 1: When user A spends 1 METIS to buy 10,000 tokens:

a. 0.95 METIS is used to buy tokens on the bonding curve.

b. The remaining 0.05 METIS is reserved and later used to buy tokens when the pump button is activated.

Scenario 2: When user B sells 10000 tokens in exchange for 1 METIS:

a. 0.95 METIS is transferred to B’s account from the sale

b. The remaining 0.05 METIS is reserved in the Pumpe pool and later used to buy tokens when the pump button is activated.

Pump Activation & Effect

"My holdings % to PUMP" = 100 * User’s Holding Tokens / (1,000,000,000 - Tokens on Bonding Curve)

*Total holding % ready to PUMP" = the cumulative sum of the holding percentage for hit users, if it's over 51%, the pumpe pool will be released to buy tokens from the bonding curve, which is expected to drive up the token price.

After Pumpe Pool Release:

The Pumpe pool will continue to collect METIS from new transactions, and the user can hit the pump button again till the next activation.

Final Release Mechanism:

If there remains any METIS in the Pumpe pool's reserve, when the token gets listed on the DEX, the reserved METIS will be deposited directly into the Hercules DEX liquidity pool.