tl;dr
Pump.fun has reopened its livestreams with new rules to prevent violence, criminal behavior, and manipulation. The platform, known for meme coin launches, faced controversies due to misuse of livestreams. Livestreams were initially used for promoting meme coins but led to scams and illegal activitie...
Pump.fun has reopened its livestreams under new rules to prevent violence, criminal behavior, and manipulation after facing controversies due to misuse of livestreams. The platform, known for meme coin launches, initially used livestreams for promoting meme coins but faced intense backlash due to scams and illegal activities.
Incidents involving threats, explicit content, and suicide led to the closure of livestreams. Now, Pump.fun has relaunched them with strict moderation rules to prohibit violence, harassment, and illegal content, aiming to prevent misuse and maintain a positive environment.
Despite its popularity, Pump.fun's livestream history was marred by market manipulation and criminal activities, tarnishing its reputation. With the new moderation rules, the platform seeks to prevent bad actors from engaging in illicit activities during livestreams.
The platform has rolled out the livestream function to 100% of users with industry-standard moderation systems in place and transparent guidelines. This move aims to regain the positive aspects of livestreaming, which initially contributed to the platform's popularity before being marred by misuse.
The new livestream moderation rules include prohibitions on violence, harassment, sexual content, and various types of illegal activity. Violations may result in revoked livestreaming privileges, disabled accounts, and reported content to law enforcement where applicable.
Overall, Pump.fun's relaunch of livestreams under stricter rules reflects its commitment to creating a safer and more positive environment for its users, aiming to avoid both "clean" pump and dump schemes and darker criminal actions that previously marred its livestream history.