AMA Recap: CRYPTO MINERS X PUMP DAO

PUMP DAO is a decentralized organization pioneering the creation of trustless, Decentralized Investment Vehicles (DIVs) that produce reliable returns for DeFi investors. As the DeFi ecosystem grows and evolves, The PUMP DAO will act to create value for both investors and the community as a whole. This value creation is accomplished by efficiently distributing capital to promising projects and generating reliable returns to holders via DIVs. DIVs are the first investment vehicles specifically designed with DeFi in mind, providing investors with a unique way to store and scale value through capital distribution and community-driven returns.

We hosted an AMA session with Pump DAO on 20th May.

Mr. Ramsy was the host from Crypto Miners and Mr. Leto was the guest. He shared delightful knowledge and unique features of Pump DAO.
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Segment 1️⃣: Introduction

Ramsy | Crypto Miners:
Hello everyone 👋 and welcome to the Crypto Miners AMA session With PUMP DAO

To help us learn more about the featured project of this AMA session, we are lucky to be joined By Mr Leto

Leto:
Hey Everyone, excited to be here

Ramsy | Crypto Miners:
Hello there 👋

Welcome here
Thanks for bringing Us PUMP DAO❤️

Leto:
👋

Of course. Very Excited to let you all know more about our project and how we are building the next step in DeFi

Ramsy | Crypto Miners:
I’m pretty sure that our Community is very much excited to learn more about That ✌️

So let’s get started 🚀

Leto:
Let’s get going

Ramsy | Crypto Miners:
First of all Please give us a brief explanation about ‘PUMP DAO’ .What popped up in your mind to create such a platform in this Space?

Leto:
The PUMP DAO came together out of a desire to build a DeFi project that is truly decentralized and truly works to create value for holders

We were inspired by some of the foundational DeFi projects like Maker DAO, AAVE, and Compound

These project are real financial tools that provide a service and have utility

We wanted so build something witht that sort of integrity, utility, and staying power

So we started looking at the traditional financial system for inspiration

asking “ok, what are things that exist in the non-crypto market that provide a lot of value to investors”

and that is how we came up with the concept of decentralized investment vehicles or “DIVs” as we call them for short

essential we are taking a very succesful model from traditional finance, and updating it for the block chain

The PUMP DAO and our main token $PUMP are a growth investment fund created and controled entirely on chain and entirely by holders

sort of like a decentralized hedge fund

I’ll pause here to ask if that is clear?

Ramsy | Crypto Miners:
I think it is clear for the community

Thanks Leto For this well Start about PUMP DAO 👍

Leto:
of course

Ramsy | Crypto Miners:
Let’s move to our second question from this segment

Q2) So what are your main features and advantages that discern you from other Projects?

Leto:
Perfect

I’ll talk a little bit about the benefits of investing in $PUMP and the PUMP DAO

and then we can run through a little bit of why they are true and how the project works

So there are a number of reasons to invest in $PUMP

One of the biggest is that buy buying $PUMP holders are actually investing into all of the projects in the $PUMP portfolio

that is because $PUMP token is backed by a portfolio of investments made in other projects

So it is a great way to reduce risk and increase the likelyhood that your investments generate returns

Another great reason to invest with the DAO is that you gain the benefit of the experience and research of the combined community

the investments made by the DAO are entirely the result of community voting

so where one investor could at the most do 50 hours of research a week

the PUMP DAO as a community is doing thousands

and then nveting in the projects the most members believe in

So how exactly does this work

and how does it make money for holders

PUMP has a total supply of 100 million

and a 3% transaction fee

that 3% transaction fee is collected and then once a week used to invest in another project chaosen by the community

that investment is then sent to the DAO portfolio

where it is held until the DAO decides to sell

when they DAO decides to sell

the BNB resulting from the sale is used to buy $PUMP back from the market

and lock it into liquidity pools

Buying back PUMP and adding it to liquidity pools does 2 really important things

1) it reduces the total supply of PUMP and increases price

becasue we are a fixed supply token

that means pump is always getting more rare

2) it ensures a large amount of liquidity for the coin

that is crucial to ensuring the health of the token

and making sure that holders can take profit without hurting the project

So to recap

$PUMP provides exposure to a whole portfolio fo projects

helps diversify investments for holders

and ultimately transfers the value of those project to investors

Ramsy | Crypto Miners:
Q3) How has the experience and background of your team been effective in the success of your project so far?

Leto:
Another great question. We are currently a team of 9.

All of us have worked proffesionally in the roles we currently hold for multiple years

I think our biggest strength is in our developers

our development team have all been part of multiple Billion dollar tech startups in the past

that’s one of the reasons we are doing something new and never before seen

we truly have some of the best talent in the crypto space building our contracts and DAPPs

Ramsy | Crypto Miners:
Q4) So how long did it take to develop this project? What plans do you have for the future? And what can we expect from PUMP DAO If possible could you please share road map with us.

Leto:
We have been working on the design and development of the project for around 6 months

We just deployed contracts and began seriously marketing in the last few days

We are really excited about the project and see it as something that lives on for a very long time

let me share some road maps

This is our short term roadmap

We have already completed our pre launch audit

with InterFi

which everyone can find here if they want to check it out

https://github.com/interfinetwork/smart-contract-audits/blob/audit-updates/PUMPDAO_AuditReport_InterFi.pdf

Currently we are in our PreSale phase

we are raising BNB with 100% of the raise going to be locked into our liquidity pool

This PreSale is super important to us becasue we need to ensure that the liquidity is deep enough that no whales can gain to much of the token at launch

PreSale is here: https://www.pinksale.finance/launchpad/0x144E06fF925ec411499AB46577Aa9f46F59fdD51?chain=BSC

After we launch our next step is to launch our governance DAPP and begin making investments as a DAO

after that we will be doing bond sales

for those who do not know

bond sales are a way of raising funds for the token to used a locked liquidity

we will keep coming back to liquidity as it is very important for the health of the protocol

and something we have taken great care to work into our design

after the bond sales the DAO will continue to build out a portfolio over the next 1.5 years

once that period is up it the DAO will begin selling it’s investments and buying back $pump

we will also be investing continuously

but the 1.5 marks a transition from mostly just buying

to both buying and selling

While all that is going on

we also plan to launch funds across other chains in the near future

so projects from those chains can be invested into as well

Ramsy | Crypto Miners:
Thanks Leto for this well detailed introduction about PUMP DAO:)

And that’s the wrap up of our the first part of the AMA session ✅

Leto:
👍

Ramsy | Crypto Miners:
Let’s now proceed to our Twitter Questions section

i hope you’re ready for that!!

Leto:
Let’s do it

I love talking PUMP DAO

Segment 2️⃣: Twitter Questions

Ramsy | Crypto Miners:
1) How to join the DAO? do we have to buy $PUMP tokens to access the PUMP app? Is there a minimum holding to join PUMP DAO? Do the token holders have right to participate chosen Investments? On what kind of decisions can Holder vote on about the project?

Here is our first question from twitter

Leto:
A great question

anyone who buys $PUMP will gain exposure to the DAOs portfolio

and join the DAO

their is no minimum amount that needs to be purchased

voting is a little different

only holders who have provided liquidity to the DAO

are able to vote

so let me explain how that works

and why it is designed that way

all voting takes place on chain

and is done with out governance token vPUMP

in order to get vPUMP

a holder needs to go to pancake swap

provide liquidity to the $PUMP token

and then stake the LP token they get in return

into our staking DAPP

in return for doing that

they recieve vPUMP and constant rewards in the form of additional $PUMP tokens

We’ve set it up this way because the DAO will be making real investments and we it’s important that those taking part in governace have the best interest of the DAO in mind

and Liquidty Providers have incentives that are aligned with growing the portfolio value

Their is no minimum on how much liquidity you need to provide

and no fee or time lock for staking

Ramsy | Crypto Miners:
2) What is the revenue model of @pump_dao? In which ways do you generate revenue/profit? So many projects just like to speak about the “long term vision and mission” but what are your short terms objectives? What are you focusing right now?

Leto:
Another great question

and such an important concern

so this is another thing that really sets us apart from a lot of projects

First i want to say that PUMP DAO and $PUMP is a tool

it’s an investment vehicle

much like an etf or fund

so it isn’t a business that needs to be generating revenue to keep the lights on

The protocol is designed to operate entirely on chain

so once it is launched it does not require anyone to operate it

it just executes it’s code

That’s super special because a lot of projects really need to have a team taking care of the everyday business

and actually pushing the buttons

that is not the case for PUMP DAO

the protocol is trult decentralized and entirely autonomous

so as long as the binance block chain keeps running

so will the PUMP DAO

that said, the DAO does generate revenue

All the the liquidity in the staking contracts and the owned by the DAO will generate fees

these fees will provide revenue that can be used for things like maintaining servers

and marketing

Really the PUMP DAO exists to grow value and profits for holders

not us as the founding team

once the contracts are launched we will not have any special access or control

in fact most presale buyers will own more tokens then we do at launch

Ramsy | Crypto Miners:
3) In the PUMP DAO, I pay attention to Decentralized Investment Vehicles (DIVs). Can you explain what a DIV is? You said that DIVs are the first investment vehicles specifically designed with DeFi in mind, so what is special about it? What is the uniqueness of a DIV??

Leto:
the uniqueness is a lot of what I brough up in my last answer

in traditional finance these sorts of funds have a third party that takes a percentage of returns

because of the power of block chain

we don’t need that

the Fund can run itself

We have designed the protocol in such a way that it runs entirely on its own and entirely on the block chain

I also think we are very unique in that our token is backed by the portfolio

which makes it far less of a speculative asset then a lot of other projects

the portfolio will eventually be sold and used to buy $PUMP

so in some ways we have built in positive price pressure

Ramsy | Crypto Miners:
4) As an investor, I want to know how strong is your project security system? and what benefits will a user have in the years to come when I decide to join the project you are working on right now?

Leto:
Security is obviously super important

and again I think this is where our engineering talent shines

we have built in all of the most up to date security features into our project including things like block delays in between execution

additionally as I’ve said our project is entirely on chain

so it’s only possible for the contracts to transfer funds in the way they were designed

Ramsy | Crypto Miners:
5) Collaborations and partnerships are some of the most important cornerstones to help improve adoption. Could you please tell us about the current partners, plans for partnerships and what everybody stands to gain from these partnerships?

Leto:
So the really cool thing about this project is that it will actively invest in other projects

because of that other projects have a lot to gain from partnering with PUMP DAO

in that we will be buying their tokens

At the moment we are mostly partnering with marketers and influencers to spread the word for our presale

after launch we will begin partnering directly with the projects that the DAO chooses to invest in

Ramsy | Crypto Miners:
Thanks for Your Valuable Answers❣️
And that’s the end of our twitter question segment

Now Moving on to our last segment — Live Q&A

Shall We Go mate?

Leto:
yes sir

Ramsy | Crypto Miners:
lets go,

Segment 3️⃣: Live QnA
(In this segment group was opened for 60 seconds and Miners sent hundreds of questions. Guest choose some best to answer)

1) Platform is taking 3% fee on all transactions, what are you going to do with this 3%?
Please tell us about it?

Leto:
This is a super important part of the question so I want to reiterate it
the 3% is used to make purchases in other projects
and ultimately sell those investments and buy PUMP back off the market
raising the price of pump and depending liquidity

2) It is essential to hold $PUMPto eventually take part on the DAO in the PUMP APP. Can you explain more about the DAO Governance in PUMP DAO? What type of decisions and activities can the DAO actively partake on? And what is the importance on DAO in your platform?

Leto:
So as I’ve stated the DAO is controlled entirely on chain
the governance actions of the DAO are limited to voting for projects to invest in
and voting to sell a project in the portfolio
all gov token holders are also able to propose any coin on pancake swap for the DAO to invest in

3) Nearly 80% of investors only focus on short-term token price instead of understanding the real value of the project. Can you tell us the motivations and benefits for investors to hold your tokens in the long term?

Leto:
PUMP DAO’s portfolio is designed with a 1.5 year accumulation period
so it definelty will not be going away quickly
this is also a great reason to hold long term
the portfolio will continue to grow during that period
after that the portfolio will be reducing the supply of pump
making it more and more scarce

4) Do you have a community for NoN “English” speakers and are you a global project or not? Any Ambassador program plans available for different countries??

Leto:
So we are just getting these set up now
we have recieved a lot of interest from folks all over the world and want to make sure everyone can join
at the moment we have chinese and turkish groups
with portugese and spanish to follow shortly
you can find link to those groups below

Language Groups:
Turkish 🇹🇷: https://t.me/PUMP_DAO_Turkish
Chinese 🇨🇳: https://t.me/+mvtK8ZkyFHVhY2Rh

5) Currently PumpDao is doing the presale on pinksale platform, what’s the price of your token in this sale and what is the minimum amount we can invest in?

Leto:
at the moment our presale rate is 1 BNB = 25,600 PUMP
with a .5 BNB minimum buy
this is likely the best price the token will ever be at
and that is because our project builds a portfolio of investments that backs $PUMP
so At launch the circulating supply of $PUMP will be worth around $300,000

The first investment will be made around 2 weeks after the presale closes
If there is even just a modest amount of daily volume on $PUMP then the first buy made by the fund could be worth more than the entire circulating supply of $PUMP

after a few buys it certainly will be
obviously we no one can predict the future
but given that math it is a really safe bet that the price of pump will rise from presale price fairly quickly

*This segment ends here*

Ramsy | Crypto Miners:
Thankyou so much Leto For your valuable answers and information about PUMP DAO,
It Was Pleasure Hosting An Ama With You

Leto:
of course

Ramsy | Crypto Miners:
Time To Conclude Our AMA Section

Leto:
thanks very much for having me

Ramsy | Crypto Miners:
Is there anything else you would like to share or you want us to know ?

Leto:
Just if folks want to learn more then can find us here
https://linktr.ee/PUMPDAO

Ramsy | Crypto Miners:
We Wish all the very best for Project PUMP DAO And The Entire team behind the project ❤️🤝

If you want to learn more about Pump DAO, here are some important links for you:

Website: https://www.pumpdao.xyz/
Twitter: https://twitter.com/pump_dao
Reddit: https://www.reddit.com/r/PUMP_DAO/
Telegram: https://t.me/PUMP_DAO
Medium: PUMP DAO
Docs: https://docs.pumpdao.xyz/the-pump-dao/pump-dao-mission