[Pump.fun Launches Holder Reward Mechanism and Cancels Cashback Model] BlockBeats News, September 13: Pump.fun announced the launch of a 'Holder Reward' mechanism and the cancellation of the Cashback model. Moving forward, token creators issuing new tokens can choose between the standard 'Creator Fee' model and the 'Holder Reward' model. Under the Holder Reward model, the associated fees will be transferred to the Pump.fun distribution wallet, and the platform will automatically distribute rewards proportionally multiple times per hour. Users with holdings valued at over $20 are eligible for rewards, with larger holdings receiving greater rewards. Rewards are paid in the quoted token of the trading pair; for example, tokens paired with SOL will distribute rewards in SOL. Existing Cashback and Creator Fee model tokens can apply to convert to Holder Reward tokens, but the conversion is irreversible. SOL and USDC trading pairs will continue to use a tiered fee structure that decreases as market cap grows, while custom trading pairs can set a fixed fee rate between 0.01% and 3%, which cannot be modified once determined. [Original Link]