The post Tron Memecoin Launcher To Compete With Solana’s Pump.Fun appeared on BitcoinEthereumNews.com.

Memecoins have been one of the largest narratives of this bull run, with Solana-based ones leading the frenzy. The massive popularity led to the creation of platforms that facilitated the creation of these tokens. After the success of Solana’s Pump.fun, Justin Sun introduced the first memecoin launcher to the Tron Blockchain. Justin Sun Introduces Tron-Based Memecoin Launcher Following the memecoin frenzy, Solana’s launchpad Pump.fun has been in the spotlight since its creation in January 2024. The platform was created to “prevent rugs” and ensure all created tokens were safe. It also allows the community to launch tokens for less than $2 without presale and team token allocation. Its popularity grew earlier this year among influencers and users who wanted to easily create tokens without the high cost or complexity of launching a project. Since then, high-profile celebrities have used the memecoin launcher to kickstart their crypto journey. Nonetheless, Pump.fun has been heavily criticized for facilitating pump-and-dump schemes. Recent data has shown that the platform’s popularity has significantly decreased in the last few weeks, with the number of addresses created dropping by over 84%. Amid the criticism, Defi protocol SUN.io introduced a Tron-based competitor to rival Pump.fun. Earlier this week, Justin Sun announced the Beta version of SunPump, the first memecoin launcher in the Tron Blockchain. SunPump is a launchpad that “aims to provide all users with the most user-friendly and convenient meme trading experiences within the Tron network.” Per the announcement,” the platform will offer creators “a convenient and cost-effective token issuance solution.” Additionally, creators can be part of the “888 TRX” Airdrop Event. The initiative offers an 888 TRX airdrop to all memecoin creators whose Bonding Curve reaches 100%. Today, the platform announced the launch of a $10 million Meme Ecosystem Boost Incentive Program alongside Tron DAO. The initiative,…

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Filed under: News - @ August 17, 2024 1:17 pm