PAIN Presale Raises 185,976 SOL, 80% of Funds to Be Refunded

News, Trending

  • PAIN raised 185,976 SOL in 48 hours, but the team will refund 80% of the funds to investors.
  • Tokens will be distributed based on contributions, excluding CEX and bot deposits; refunds apply before block 318346069.
  • The retained 20% will support liquidity, launch operations, and possible exchange listings, though specifics remain undisclosed.

The Hide the Pain Harold-themed memecoin, PAIN, has secured 185,976 SOL in its presale, amounting to approximately $38 million. The token sale was completed within 48 hours, attracting notable participation from investors. However, the project team has announced that 80% of the raised funds will be refunded to buyers.

Project Announces Partial Refund Following Presale

According to the team, the total funds collected exceed what is necessary for the token’s launch. To address this, 80% of the presale funds will be returned to contributors at launch. The remaining 20% will be allocated toward liquidity, launch-related expenses, and possible listing fees.

Token allocations will be determined based on the amount each investor contributed, ensuring fair distribution. However, deposits originating from centralized exchanges (CEX) and bots will be excluded from the allocation process. The team has also set a refund threshold, stating that only funds sent before block 318346069 will qualify for reimbursement.

Fund Utilization and Launch Strategy

The retained 20% of funds will support the initial liquidity pool, cover launch operations, and facilitate exchange listings if necessary. The team has not disclosed specific details on which exchanges the token may be listed on or the exact breakdown of the launch expenses.

With the presale now closed, investors await further instructions regarding their refunds and token allocations. The team has assured transparency in the refund process, though no fixed timeline has been provided for the reimbursements. As the token prepares for launch, buyers anticipate additional updates regarding trading availability and exchange partnerships.
The PAIN presale marks one of the largest recent fundraising events within the memecoin sector. While the decision to refund 80% of the funds is unusual, it aligns with the team’s assertion that excess capital is not required for the project’s success.

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