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"Another First for Metavesco: First Public Company to Claim Creator Rewards on Pump.Fun With OTCfi
Prnewswireยท 2025-09-09 12:35
Core Insights - Metavesco, Inc. has become the first publicly traded company to generate and claim creator rewards from Pump.Fun, a Solana-based token launch platform, marking a significant milestone for the company [1][4] - The launch of OTCfi, Metavesco's OTC Community token, has shown strong performance in its debut week, with over $1,400,000 in trading volume recorded [7] Company Developments - The creator rewards claimed by Metavesco are described as real, non-dilutive cash flows that can be utilized for various purposes, including purchasing additional OTCfi tokens, Bitcoin, Ethereum, or stock buybacks [2][4] - Metavesco retains over 75% of the token supply through its developer and hardware wallets, indicating a strong control over its token ecosystem [7] Market Positioning - The company is positioning itself as a leader in marketing the OTC ecosystem, aiming to onboard new investors and showcase opportunities in the OTC markets [3] - CEO Ryan Schadel emphasized that the creator rewards are a direct incentive to grow the OTCfi ecosystem, suggesting a focus on community expansion and shareholder value [2][4] Financial Metrics - As of the announcement, Metavesco's market capitalization was reported at $1.5 million, with a peak high of $3.6 million during the week [7] - The company claimed over $8,000 in creator rewards in the first week, which have already been redeployed to purchase additional OTCfi tokens [7]