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Welcome to Pump.fun!
Pump lets anyone create coins, giving everyone equal access to buy and sell from the start. Prices can move quickly, so trade carefully.
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pute is one coin, one pool and 100 machines. the pool's liquidity is cut into 100 price bands stacked end to end and each band belongs to one machine. when the price is inside a band that machine is running: every swap that happens there pays it the fee, and nothing else ever pays a machine.