Overview

Baton Corporation operates pump.fun, a memecoin launchpad on the Solana blockchain that lets users create and launch memecoins with a few clicks and a small amount of capital. The platform uses a bonding-curve automated market maker to set token prices based on supply, creating an instant market for new tokens so trading begins without traditional liquidity providers; initial trading happens on pump.fun and, once a token reaches about $60,000 in market cap, its liquidity moves automatically to Raydium. Baton earns fees from activity, collecting 1% on all trades and a SOL fee when tokens graduate to Raydium, and has pursued revenue-sharing initiatives like Project Ascend to align creator rewards with token performance. The company aims to build a scalable, revenue-generating ecosystem on Solana that supports sustainable token projects and broader platform adoption, despite ongoing legal challenges related to its business model.