2026-01-20 04:30:46

A well-known Web3 project recently announced the official establishment of a dedicated investment department, Pump Fund, aimed at accelerating the growth of early-stage projects within the ecosystem through deepening long-term collaborations with high-quality teams. The first major move of the fund has been launched—a $3 million hackathon competition will soon begin, using a $10 million valuation standard, planning to invest $250,000 in each of the 12 selected projects, along with comprehensive support such as professional operational guidance and resource matchmaking. This initiative reflects the project's emphasis on the developer ecosystem and also provides a rare opportunity for early-stage teams to secure funding and development support.

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MevShadowranger

· 13h ago

$3 million hackathon, same old tricks. Let's see how many projects survive in the end. However, with 12 tracks offering $250,000 each, pouring real money into it is still worthwhile. I'm just worried it might turn into a prelude to cutting leeks again. How is this valuation standard determined? Feels a bit fishy. $250,000 is indeed attractive, but the reliability of the operational guidance is the key. Another "ecosystem support" is coming. Just listen for now. Let's see who can really raise funds.

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BearMarketSurvivor

· 13h ago

$3 million hackathon, sounds pretty good, but I wonder if it's just another scheme to cut leeks Only $250,000 for 12 projects, this funding amount is a bit weak It's always about operational guidance and resource matching, I've heard this spiel too many times Will they deliver real results this time, or is it just another feast for leeks Pump Fund? The name sounds pretty interesting, let's wait and see Just looking at the white paper and press releases is useless; the key is how the implementation turns out So it's just a show to give money to startups, I've seen enough of this Such funds are everywhere, 90% are just marketing gimmicks $250,000 for a startup, what can they do with that? Just a drop in the bucket Under the guise of ecosystem building, there's another reason to cut leeks Let's wait and see who actually survives in the end to know if this fund is reliable

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LeverageAddict

· 13h ago

3 million hackathons sound like a lot, but averaged out over 12 projects, it's only 250,000... Can it really change the current situation? If this is just another scam to fleece investors, I’ll be laughing to death. Let’s wait and see. Hey, this valuation is quite interesting. How did they come up with 10 million? Wow, another ecosystem fund. The套路are pretty much the same. If you’re confident, you would have bought it already. It’s a bit late to say these now.

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