jump.fun: Starting today, the donation refund process and user loss compensation process will be initiated.

PANews reported on November 29th that ALEX, the founder and product & technical lead of the Memeissuance platform jump.fun on the ETH platform, posted: "The original intention of establishing jump.fun is to create a fair, just, and Decentralization meme coin launch platform. Users obtain JUMP token rewards by donating through the fomo3d method, with 50% of the donated funds used to provide initial Liquidity to memecoin, generating protocol revenue that repurchases 100% of JUMP tokens, forming a closed-loop economic model. Since the launch of jump.fun, the sustainability of the economic model has been preliminarily verified for 3 days. However, due to the complexity of the fomo3d Smart Contract donation method and the decision-making errors and technical mistakes that have occurred since the launch, it has caused extremely negative impacts and misunderstandings to the community and partners. Many things have happened in the past three days, and the details are temporarily inconvenient to disclose. As the founder, I deeply understand that neither I nor our team had any malicious intent, but things did not go as planned, and it is hard to defend oneself. Starting today, jump.fun will initiate the donation refund process and the user loss compensation process, and the progress and details will be publicized to the community at any time.