Floki Enters Partnership with GraFun, New Meme Coin Launchpad Set to Debut on the Binance Smart Chain

The platform, which follows similar models on other blockchains, aims to facilitate the creation and launch of meme coins within the BNB ecosystem.

Floki (CRYPTO: FLOKI) has announced a partnership with GraFun, a new meme coin launchpad set to debut on the Binance Smart Chain (CRYPTO: BNB).

Here's what happened: The platform, which follows similar models on other blockchains, aims to facilitate the creation and launch of meme coins within the BNB ecosystem.

Following this news, Floki’s token price increased by around 16%. It is now up 27.6% over the past week, making the meme coin one of the ten best performing cryptocurrencies on the market.

According to an announcement on Thursday, GraFun utilizes a bonding curve model for token launches, allowing users to create meme coins without extensive technical knowledge.

This approach lets market demand determine a coin’s viability and potential listing on decentralized exchanges.

The launchpad has secured partnerships with several entities in the cryptocurrency space, including BNB Chain, DeXe Protocol and HOT Protocol.

DWF Labs has also joined as a strategic partner.

According to the announcement, Floki will acquire a 40% ownership stake in the platform and receive 40% of its revenue.

GraFun Claims To Have Attracted 3.7 Million Whitelisted Users Ahead Of Launch. GraFun claims to have attracted over 3.7 million whitelisted users during its pre-launch phase.

The platform, which is yet to go live, has also seen more than 291,000 users fund their wallets in preparation for its launch.

Similar platforms on other blockchains, such as PumpFun on Solana (CRYPTO: SOL) and SunPump on Tron (CRYPTO: TRX), have reportedly generated substantial fees in recent meme coin launches.

Those interested in exploring the broader implications of such platforms and trends in the digital asset market are invited to attend Benzinga's Future of Digital Assets event on Nov. 19, which will feature discussions with industry experts on various aspects of the cryptocurrency landscape.

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