The post Pump.fun Rolls Out Creator Fee Sharing Across Multiple Wallets and Ownership Transfer Tools appeared on BitcoinEthereumNews.com. TLDR: Creators can nowThe post Pump.fun Rolls Out Creator Fee Sharing Across Multiple Wallets and Ownership Transfer Tools appeared on BitcoinEthereumNews.com. TLDR: Creators can now

Pump.fun Rolls Out Creator Fee Sharing Across Multiple Wallets and Ownership Transfer Tools

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TLDR:

  • Creators can now distribute launch fees across up to ten different wallet addresses with custom percentages.
  • Unclaimed fees remain permanently available to recipients and cannot be seized by other parties or admins.
  • New CTO admins gain full control over fee allocations regardless of previous update authority revocations.
  • Ownership transfers allow complete coin control handoff through both mobile app and web platform interfaces.

Pump.fun has announced a major update to its platform, introducing creator fee sharing capabilities across multiple wallets. 

The new features allow creators to distribute fees among up to ten different recipients while also enabling coin ownership transfers and the ability to revoke update authority. 

These changes address longstanding concerns about transparency and trust within the platform’s creator ecosystem.

Enhanced Fee Distribution System Addresses Trust Issues

The platform identified critical gaps in its previous fee structure that prevented teams from efficiently managing revenue distribution. Creators previously faced significant challenges when attempting to direct fees toward specific individuals or addresses. 

This limitation forced token holders to place trust in single administrators to handle fee distribution properly. 

According to the announcement from Pump.fun’s official account, these restrictions often resulted in lost opportunities and damaged project narratives.

The new system allows creators and Community Takeover (CTO) admins to allocate precise fee percentages to team members through both mobile and web applications. 

Users can now configure distributions across up to ten different wallet addresses with specific percentage allocations for each recipient. 

The platform processes claims automatically, triggering distribution to all designated recipients whenever any single member initiates a withdrawal.

Fee recipients maintain permanent claim rights under the new structure, ensuring unclaimed fees remain available indefinitely. 

The system prevents any party from seizing unclaimed allocations, providing long-term security for all designated recipients. 

This mechanism addresses previous concerns about fee accessibility and ensures team members can access their share regardless of timing.

Ownership Transfer and CTO Admin Controls

The update introduces comprehensive ownership transfer capabilities alongside the fee-sharing features. Creators can now transfer complete coin ownership to other parties directly through the platform interface. 

Additionally, the system allows administrators to revoke update authority at any point, providing flexibility in project governance structures.

CTO requests operate under specific parameters once accepted by the original creator. New coin administrators receive full control over fee allocations and recipient management following successful ownership transfers. 

These admins can modify existing fee structures, add or remove team members, and execute additional ownership transfers as needed.

The platform maintains these administrative privileges even after previous coin admins revoke update authority. 

This design choice ensures new administrators can effectively manage projects without restrictions from prior governance decisions. 

Pump.fun indicated this update represents the first of several planned improvements to creator tools and platform functionality.

The post Pump.fun Rolls Out Creator Fee Sharing Across Multiple Wallets and Ownership Transfer Tools appeared first on Blockonomi.

Source: https://blockonomi.com/pump-fun-rolls-out-creator-fee-sharing-across-multiple-wallets-and-ownership-transfer-tools/

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