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Cryptocurrency News Articles

Degen Express Brings Community-Driven and Fairly Launched Memes to Fantom and Base through its Unique Launchpad

Oct 20, 2024 at 10:56 am

Degen Express launched in 2023 and effectively changed the meme coin space with its robust, community-driven launchpad for meme projects

Degen Express Brings Community-Driven and Fairly Launched Memes to Fantom and Base through its Unique Launchpad

Degen Express has brought about a new wave of community-driven and fairly launched meme coins on the Fantom and Base networks through its unique launchpad. Since its launch in 2023, Degen Express has changed the meme coin landscape with its robust launchpad for meme projects on both Fantom and Base. While the concept of meme coins has long faced criticism for their high volatility and potential for manipulation, Degen Express aims to break this mold and create a truly fair-launch environment where transparency, security, and community engagement are paramount.

The platform has seen a huge impact on meme coins on Fantom, with tokens like $sGoat, $grim, $genie, and $familio achieving millions in trading volume. According to data from GeckoTerminal, there is rapidly growing interest in these tokens, which are being actively traded with high liquidity across the Fantom network. Tokens like $sGoat and $grim have consistently recorded high trading volumes, drumming up interest in these coins among both retail and institutional traders.

This uptick in activity illustrates the growing demand for innovative and fairly launched meme coins, especially as the two DeFi chains, Fantom and Base, are leading toward ever-new heights. Degen Express makes it easy yet powerful for crypto enthusiasts and developers to launch new meme coins. The projects launched on this platform boast a high level of security: 30-minute pool launches can be set up with whitelists of users, while a custom vAMM prevents sniping to ensure the deployment of liquidity is fair and non-opaque.

Moreover, Degen Express employs a no-presale, fair-launch mechanism, ensuring that VCs do not monopolize any early token holdings. This allows retail investors to participate on an even playing field where the risk of a large-scale dump from big players is eliminated.

Degen Express also adds a fun element to the whole user experience by rewarding investors through gamification, enabling them to earn experience points and unlock perks that make investing even more enjoyable.

To further enhance security and liquidity support for new meme coins, Degen Express has integrated several advanced features. The platform utilizes a linear bonding curve for token sales, allowing projects to avoid the usual risk of manipulation in liquidity pools, and deploys liquidity only after a token hits certain market capitalization thresholds.

Additionally, security on the platform is seamlessly built into the user experience, enabling people to participate in meme coin launches with confidence, knowing they are protected from the most common risks, such as rug pulls and scams. With a greater focus on fairly distributed tokens and transparent tokenomics, Degen Express is quickly positioning itself as a trusted platform both for launching and trading meme coins.

Its current release on both Fantom and Base marks a significant leap forward for the meme coin ecosystem. Both Fantom's highly performant EVM blockchain and the OP Stack-based Layer 2 infrastructure at Base provide the rich soil that such projects need to flower. Degen Express contributes to the growth in both networks' functionalities of DeFi, as it offers ease in launching and trading meme coins, thus keeping up the pace of adoption and building around new projects through more robust communities.

Degen Express is not just a launchpad; it serves as a hub that empowers both creators and users within the meme coin space. It heralds a new era for both Fantom and Base: community-driven, fairly launched projects led by an unprecedented focus on transparency, security, and innovation combined.

News source:startupfortune.com

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