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Ethereum network now advancing it reach in the booming memecoin sector presenting a challenge for Solana’s Pumpfun which serves as a major contribution in its fee accrual. Clanker, is an AI-driven token deployment tool developed by Farcaster’s full-stack engineer Jack Dishman and ecosystem founder proxystudio.eth. It simplifies the launch of tokens on the Base network through the Farcaster client. Users simply interact with Clanker on a Farcaster client, such as Warpcast or Supercast, by proposing a token concept, and Clanker automates the creation process on the Base blockchain platform. – Advertisement – This tool has democratized token creation, enabling even those without technical expertise to launch their own cryptocurrencies effortlessly. The Clanker contract is set to undergo substantial upgrades, enhancing user benefits by enabling direct receipt of 40% of the fee share, including both Ethereum and various tokens. Source: X This adjustment positions Clanker distinctly from competitors like Pumpfun, reflecting a strategic pivot in its fee distribution model. – Advertisement – The revised fee-sharing model represents a commitment to providing users with a more lucrative and engaging experience. By allowing direct claims on a substantial portion of transaction fees, Clanker offers enhanced earnings. Moreover, it also bolsters its appeal as a preferred platform for cryptocurrency transactions within the Base ecosystem, Layer 2 (L2) network on the Ethereum blockchain. This update is poised to attract a broader user base to Clanker. This would foster further growth and innovation in the Ethereum ecosystem. As the sector evolves, such user-centric solutions are likely to become increasingly influential in shaping the dynamics of token economics on blockchain networks. Clanker v. Pumpfun Token Trading Volume Clanker’s upgrade saw it amass an unprecedented $1.2 Million in fees on a single day, breaking previous records. As the driving force behind Ethereum’s L2 network memecoin deployment, Clanker showed…

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Filed under: News - @ November 29, 2024 1:28 am