PumpBTC (Governance token) Price(PUMP)

Founding Team and Governance

While the identities of the founding team are not publicly available, the development of PumpBTC aligns with contributions from Babylon Labs and various ecosystem partners that specialize in Bitcoin scalability solutions. The $PUMP token encompasses dual governance and utility functions:

• Governance Rights: Token holders have the authority to propose and vote on protocol upgrades, which may include adjustments to fee structures, supported assets, and custodial partnerships.
• Fee Discounts: By staking $PUMP, users can enjoy reduced transaction costs across the integrated product suite, thereby incentivizing ongoing participation.

Strategic Investors and Funding Milestones

PumpBTC successfully raised $10 million during its seed funding round in October 2024, co-led by notable entities such as SevenX Ventures and Mirana Ventures. Other contributors included the Mantle Ecosystem Fund, UTXO Management, and Arcane Group. These financial backing efforts propelled the project through its mainnet launch in July 2024 and facilitated expansion to ten blockchain networks, ultimately achieving a total value locked that surpassed 3,400 BTC by the first quarter of 2025. The investment portfolio reflects a strategic focus on interoperability, with backers like Hemi Network supporting inter-chain integration efforts.