PumpBTC wallet

What is PumpBTC (PUMP)?

Behind PUMP sits PumpBTC, a liquid staking solution built around Babylon, the protocol that lets bitcoin be staked to help secure other chains without leaving Bitcoin's own settlement rules. PumpBTC takes BTC deposits and routes them into Babylon staking. PUMP is the protocol's own token on BNB Smart Chain: a BEP-20 balance that moves with BNB paying the gas.

Two things catch holders out. The ticker is the first. Three letters spelled PUMP are attached to a far noisier, completely unrelated token on another chain, and price widgets, explorers and search results blur the two constantly; identify what you hold by its chain and contract, never by the symbol on a listing page. The second is what the token is not. Sending it to somebody who is expecting bitcoin hands them a BNB Chain token, and a BTC address is not a valid destination for it under any circumstances.

Supported networks in Tangem (1): BNB Smart Chain. The app carries a separate balance for each network it supports and states which one an outgoing transfer will use before the card is tapped, which is worth a second of attention on an asset whose symbol is shared elsewhere. A position like this is the sort of thing you set up once and leave alone, and a card in a drawer suits that rhythm.