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Cryptocurrency News Articles
Floki Unveils Launchpad GraFun to Empower Meme Coin Creation on the BNB Chain
Sep 28, 2024 at 03:33 am
Floki, the biggest meme coin brand and the BNB Chain, has concluded plans to unveil Launchpad GraFun. The Launchpad meme coin mirrors Tron's Sunpump
Floki Inu ($FLOKI), the largest meme coin brand, and BNB Chain are set to unveil the highly anticipated Launchpad, GraFun. The Launchpad, which mirrors Tron’s Sunpump and Solana’s Pumpfun, will be an improved version exclusive to BNB Chain.
Floki announced the plans in a recent blog post, highlighting that GraFun will leverage the support of DeXe Protocol and HOT Protocol. DWF Labs will also join as a strategic partner, while Floki will own 40% of GraFun and receive the same percentage of fees generated on the platform.
The Launchpad will notably serve as a platform for users interested in creating meme coins on the Binance chain. GraFun will adopt the “bonding curve model to guarantee inclusivity,” allowing anyone to deploy a meme coin at minimal cost.
According to the available information, a user can create a meme coin for a few dollars, including gas fees. The meme coin creator will not need developer experience and will not make any commitment regarding liquidity, token deployment costs, or other related charges.
Despite not being launched yet, GraFun has gained traction among crypto enthusiasts. Floki revealed that the platform has registered over 3.9 million users who have linked their wallets.
Additionally, over 305,000 users have more than eight figures in their wallets ahead of the meme coin fever that will debut on the BNB Chain. Floki will benefit from 40% in revenue, and token holders will also receive “key benefits.” The team will provide the details later.
Launchpads have become quite lucrative in the crypto space, and Floki’s ownership of GraFun could boost the meme coin ecosystem. For instance, Pumpfun, which GraFun mirrors, has deployed 2,155,492 and generated a total revenue of 760,494 SOL, which equates to $114 million in fees. Recently, Pump.Fun recorded a $100 million revenue milestone.
The plans for GraFun are, therefore, a bullish factor for Floki, which traded up by 19.34% at $0.0001751 within the past 24 hours. Trading volume has soared by 96.05% to $450,817,493 as users’ interest grows.
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