[PumpFun Launches Holder Rewards Mechanism, Cancels Cashback Model] Deep Tide TechFlow reports that on September 13, PumpFun announced the launch of the Holder Rewards mechanism while canceling the Cashback model as a new token issuance option. Under the new mechanism, creators can choose between standard Creator Fee tokens and Holder Rewards tokens. Existing Cashback and Creator Fee tokens can also apply to convert to Holder Rewards tokens, but the conversion is irreversible once completed. Fees generated by Holder Rewards tokens will be deposited into the PumpFun distribution wallet and automatically distributed multiple times per hour based on users' holding proportions. Users holding more than $20 worth of the relevant tokens will be eligible for rewards, which will be paid in the quoted token of the trading pair. Additionally, the SOL/USDC trading pair will continue to use a tiered fee structure that decreases gradually as market capitalization grows; Custom Pairs allow creators to set a fixed fee rate ranging from 0.01% to 3% in one go, which cannot be changed after being set.