Spid

realizing everyone in the trenches is an actual RETARD so let me explain how the pumpfun stock pairings work very simply. pumpfun stock pairs: • normally we've had TOKEN/SOL & TOKEN/USDC. • now you can have TOKEN/STOCK or TOKEN/<insert custom pair> • the PAIRING is what your coin trades against. this does NOT automatically pay holders stock rewards or “dividends.” they're just normal pumpfun coins paired with a different asset. if SOL goes up, TOKEN/SOL is worth more in dollars as long as the token’s price stays the same. same idea if its paired with SPY / QQQ / PUMP / ETH / whatever. there's still cashback + creator rewards. cashback: traders get normal cashback from trading, just like on SOL or USDC pairs. creator rewards: creator fees go to the dev or anywhere else the dev directs the fees. ok, so where do stock rewards come from? @otc_labs is a separate platform, basically a pumpfun wrapper. OTC uses a portion of a coin’s creator fees to buy tokenized stock or other reward assets for holders. THAT is where rewards would come from. not the pairing itself. using MGM as an example: MGM pair + cashback: the coin trades against tokenized MGM. traders get cashback. holders don’t automatically earn MGM. this is NOT "wrong" or "broken" -- its simply how the coin was deployed. MGM pair + creator fees routed to OTC for MGM rewards: the coin trades against tokenized MGM, AND a portion of its creator fees buys MGM rewards for holders. you can also have TOKEN/SOL and still reward holders with stock through OTC. the reward asset doesn’t have to match the pair. (that’s how most OTC coins were set up before pump’s update.) neither setup is automatically right or wrong. it’s whatever the dev chooses to launch, but people should understand what they’re buying. the market will decide what the "meta" is for these coins. hopefully this clears things up. have fun out there