Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
GraFun, a new memecoin launchpad and trading platform on the BNB Chain, is set to launch on September 27, 2024, at 11 am UTC. It introduces a"Fair Curve" mechanism aimed at promoting fair launches and long-term investment in memecoins.
The memecoin issuing and trading frenzy that gripped Solana and Tron blockchains in the past few months could soon see a repeat on the BNB Chain ecosystem, thanks to a protocol that says it is making the process easier and better for users. The project has bagged support from crypto ecosystem project Floki and other industry heavyweights including BNB Chain, DeXe Protocol, and HOT Protocol. DWF Labs is also a strategic partner.
Floki will receive 40% ownership of GraFun and get 40% of the revenue generated from the launchpad. Floki’s ownership of GraFun will lead to key benefits for FLOKI and its sister project TokenFi , developers told CoinDesk in a release.With the bonding curve model, anyone can deploy a memecoin or a launchpad that supports this model for next to nothing , with zero developer experience and without having to make any form of commitment .
The most popular examples of memecoin launchpads that use this kind of model are Pump on Solana - which pioneered such a model - and Tron’s Sun Pump.
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