The post Dexscreener Launches Moonshot: A New Solana-Based Token Creation Platform appeared on BitcoinEthereumNews.com.

TLDR Dexscreener has launched “Moonshot,” a new token launching platform on Solana, competing with Pump.fun. Moonshot allows users to create their own tokens with a 1 billion supply for a small fee of 0.02 SOL. Once a token reaches a market cap of 500 SOL (about $68,000), it migrates to the Raydium decentralized exchange. The platform claims to be audited, unruggable, and free from pre-sales or insider allocations. Since its launch, 333 tokens have been created on Moonshot, with 27 reaching the threshold for Raydium deployment. Dexscreener has unveiled “Moonshot,” a new token launching platform built on the Solana blockchain. Launched on June 24, 2024, Moonshot is positioning itself as a direct competitor to the popular Pump.fun, offering users the ability to create and launch their own tokens with ease. Moonshot’s entry into the market comes at a time when memecoins and user-generated tokens are experiencing a surge in popularity. The platform allows anyone to mint their own token for a nominal fee of around 0.02 SOL, mirroring the accessible model that has made Pump.fun a hit within the Solana community. The process of creating a token on Moonshot is straightforward. Users can connect their wallet, choose a name, symbol, and image for their token, and launch it into the wild. They also have the option to add social media links, potentially boosting the token’s visibility and appeal. Each token is created with a fixed supply of 1 billion, providing a clear and predictable tokenomics model. What sets Moonshot apart is its unique liquidity migration process. Once a token reaches a market capitalization of 500 SOL (approximately $68,000), it automatically migrates to Raydium, a well-established decentralized exchange on the Solana blockchain. BREAKING: @dexscreener LAUNCHES @pumpdotfun COMPETITOR “MOONSHOT” pic.twitter.com/g6Oq2RYpti — DEGEN NEWS (@DegenerateNews) June 24, 2024 This transition aims to provide…

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Filed under: News - @ June 26, 2024 3:20 am