Alon Cohen, co-founder of the Solana-based memecoin launchpad Pump.fun, is set to bring back live streaming on the platform — five months after suspending the feature after several incidents involving harmful content. Posting on X on April 4, Cohen said the feature has returned with “industry standard moderation systems in place and transparent guidelines.” He said it had been rolled out to just 5% of users. Source: Alon CohenPump.fun’s website describes the purpose of its new live-streaming moderation policy as being “to cultivate a social environment on pump fun that preserves creativity and freedom of expression and encourages meaningful engagement amongst users, free of illegal, harmful, and negative interactions.”Breaches of the moderation policy could see creators having their livestreams and Pump.fun accounts terminated. The policy prohibits certain types of content, including violence, animal abuse, pornography and youth endangerment.
However, it also creates ambiguity by claiming that “pump fun does not intend to universally define what content is ‘appropriate’ or ‘inappropriate.’” “There is an implicit assumption that some content — perhaps much content — generally defined as NSFW will in fact appear on pump fun,” Pump.fun’s moderation policy states. The platform added it reserves the right to “unilaterally determine the appropriateness of content where necessary and to moderate it accordingly.”Live-streaming return comes as memecoin market crumblesPump.fun removed its live-streaming feature last November after it became awash with extreme content as memecoin creators turned to increasingly shocking tactics to promote their tokens. Some users were allegedly threatening violence or self-harm if a token didn’t reach a price goal.
The platform said its unprecedented growth had put a strain on its moderators, and that it would pause the live-streaming functionality indefinitely to ensure the safety of its users “until the moderation infrastructure is ready to deal with the heightened levels of activity.”At the time, Mikko Ohtamaa, co-founder of algorithmic trading firm Trading Strategy, said that if Pump.fun continued to allow live-streaming without appropriate moderation, it would quickly be shut down once a mainstream audience became aware of what was going on.“I advocate for freedom of speech, but these streams are causing practical issues where people are breaking the law in live broadcasts.
or
Share This Story
Article Details
Author / Journalist: Cointelegraph by Jody McDonald
The story "Memecoin platform Pump.fun brings livestream feature back to 5% of users" has 618 words across 18 sentences, which will take approximately 3 - 6 minutes for the average person to read.
Which news outlet covered this story?
The story "Memecoin platform Pump.fun brings livestream feature back to 5% of users" was covered 1 days ago by Coin Telegraph, a news publisher based in United States.
How trustworthy is 'Coin Telegraph' news outlet?
Coin Telegraph is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.
The outlet is headquartered in United States and publishes an average of 62 news stories per day.
It's most recent story was published 7 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Negative, indicating that people regard this as "bad news".
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
