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Baton is creating an ecosystem of tools that increase transparency throughout the collaborative process, ensuring artists are accurately credited and compensated for their work. The company is also building a music collaboration protocol as well as a mixed-media collaboration protocol, both blockchain-based, that will allow creators to exchange materials, track IP rights, and automate compensation arrangements.
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PUMP may be undervalued in the short term, while long-term value retention remains uncertain
Odaily reports: Shaunda Devens stated that PumpFun's annualized revenue is approximately $677 million, with PUMP's price-to-sales ratio at about 2.8x, lower than comparable revenue-generating tokens; based on current revenue and price, 50% of protocol revenue is used for programmatic buybacks and burning of PUMP, equivalent to repurchasing about 17.6% of the circulating supply annually, while approximately 77% of tokens already allocated to the team and investors have not yet moved. PUMP's official documents explicitly state that the token does not represent equity in PumpFun, nor does it grant holders rights to income, profits, dividends, or cash flows; PumpFun's approximately $2 billion treasury is owned by Baton Corp, and the existing buyback arrangement will expire in April 2027. Under its base-case scenario, PUMP's valuation range is $0.0108 to $0.0205, approximately 2.3 to 4.4 times higher than the September 9 price; if business activity declines and valuations continue to contract, the price could fall by 59% to 76%.
Pump.fun Parent Company Baton Corporation Recruiting Marketing Team
Pump.fun 联合创始人 alon（@a1lon9）在 X 平台发文，Baton Corporation 正面向加密社区招募两个营销岗位：X 平台社交媒体经理及视频编辑，目标是打造顶级内容团队，以推动 Pump.fun 实现下一个亿级用户增长。 alon 表示，公司市场及业务拓展团队的大多数成员均来自社区用户，认为"战壕中的人才无可匹敌"。目前招聘申请链接已公开，感兴趣者可通过官方表单投递。
Pump.fun’s parent company is hiring a Chief Legal Officer, with a base salary of up to $5 million
Alon, co-founder of Pump.fun, tweeted that Baton Corporation, the parent company of Pump.fun, is hiring a Chief Legal Officer with a base salary ranging from $1 million to $5 million. The role will oversee regulatory affairs, product counseling, corporate governance, cross-border compliance, and other responsibilities.