Magicred1

A few things I want to clarify regarding @PercolatorTrade and our decision to raise through MetaDAO’s Backable. -We have not sold any tokens from the existing Pumpfun token, our team’s token allocation was burned. -Everything we’ve built has been completely open source. The existing Pumpfun token was not launched by us, we took it over and joined the pumpfun hackathon. It remains independent, and anyone is free to continue building around it or organize a CTO. -Building a permissionless perpetuals protocol is one challenge. Bringing it to mainnet securely, with external audits, reliable infrastructure, and sustainable long,term development, is another. -Over $200K in fees generated from the token over the last year + went directly toward funding and developing Percolator Trade. An additional $14.5K in fees remains pending, and we’re considering how best to use those funds to benefit existing holders. -After careful consideration, we chose MetaDAO’s Backable to help fund the next stage of development. We also made sure eligible existing holders would have a guaranteed allocation in the new raise, giving our community the opportunity to participate in Percolator Trade’s next chapter. -MetaDAO did not give us any advice on what to do or what not do just what was possible and not possible. As founders, our responsibility is to make the decisions we believe gives Percolator Trade the strongest chance of long term success. Why? Based on feedback from investors and respected builders across the Solana ecosystem, we realized the existing token structure wasn’t sustainable for Percolator’s long term growth. MetaDAO provides stronger structural protections, performance based founder incentives, and a framework that attracts investors who believe in the protocol we’re building, while giving us a more sustainable foundation to scale. Our conviction hasn’t changed, and neither has our commitment to building. We will continue to look furthermore into how we compensate previous holders more