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Cryptocurrency News Articles

Hard.fun: A Decentralized Memecoin Launchpad That Wins Over Pump.fun

Dec 20, 2024 at 06:56 pm

Hard.fun has set records and established a standard for memecoin creation, but competition remains fierce. Hard.fun is emerging as a leading

Pump.fun has set records and established a standard for memecoin creation, but competition remains fierce. Hard.fun is emerging as a leading decentralized platform for launching and trading meme coins.

Operating on the Kava blockchain and governed by HARD token holders, this AI-powered, community-driven memecoin launchpad empowers users to turn their ideas into reality. The community plays a crucial role in the platform’s development, participating in reward sharing and voting on important features.

Hard.fun Versus Pump.fun

Pump.fun runs on Solana, which has been behind the creation of many top meme coins, including some questionable ones. What’s more, it’s overrun by crypto bots. Pump.fun lacks a few appealing features found in hard.fun, such as AI-powered token creation, decentralized governance, cross-chain capabilities, and a community-owned revenue structure.

In its heyday, Pump.fun was launching 13,450 tokens per day, which was nothing short of ridiculous. For better or worse, 98% of them failed to complete their bonding curve process and launched on Raydium. In fact, that same percentage of meme coins survived less than 3 months. According to Chainplay data, 10,417 tokens launch every 24 hours, of which 9,912 become extinct. The average meme coin lifespan on pump.fun is 12 days, and 15% becomes obsolete within a day.

Hard.fun outperforms pump.fun in terms of universal accessibility by focusing on a specific audience. As a newcomer in the memecoin launchpad space, it is particularly relevant to HARD and KAVA holders, degenerate traders, and businesses.

The platform allows companies in DeFi and blockchain to engage with the expanding memecoin market through cross-chain interoperability. This feature enables users on Solana, Tron, and BSC to access the platform directly from their native chains without the need to switch networks.

Through partnerships within Kava’s ecosystem, companies gain access to the seamless launchpad, increasing transaction volume, driving engagement, and expanding user interaction across blockchains.

Holders of HARD tokens benefit from the community-owned launchpad’s revenue, making it more rewarding than centralized launchpads, where the revenue goes directly to developers. A portion of protocol fees is sent to a community wallet, enabling members to vote on service, migration, and trading fees, reward allocations, and more.

HARD holders can set the entry cost for new tokens and for migrating tokens that reach the bonding curve threshold to a blockchain DEX. The trading fee they vote on is applied to trades and balances transaction fairness with liquidity. The community also sets the liquidity required on the bonding curve to migrate a token.

How Does Hard.fun Work?

Users of the community-owned memecoin launchpad can connect their wallets to create a profile and select a unique username. This profile links to the tokens they purchase or launch, and tokens can be launched in just seconds.

To buy meme coins, users can either use the search bar or explore available options on the landing page. Users need to fund their wallets with KAVA tokens in order to launch or purchase tokens on hard.fun.

The bonding curve dictates the token price at a given circulating supply. It represents the value change as more coins come onto the market. The curve is calculated using the formula 𝑥 × y = 𝑘 and has been a staple in memecoin launches and AMM.

Its simplicity helps create engaging and accessible entry points for users, making it a popular choice for memecoin launches on hard.fun. Specifically, the total supply is 1,000,000,000 tokens; 80% are allocated for sale, and 20% for liquidity on the listing. As collateral, 8,875 virtual KAVA units initiate the curve and set the starting price. The liquidity target comes to 35,000 KAVA after subtracting the virtual collateral to be burned and the platform listing fee.

Reasons Hard.fun wins as a meme coin launchpad

While both platforms serve as avenues for memecoin creation and distribution, several key aspects set hard.fun apart and contribute to its success:

1. Decentralized governance: Hard.fun is governed by its community of HARD token holders. They have a say in critical parameters like liquidity requirements and deployment, trading, and migration fees, directly affecting the platform’s operations and future direction. In contrast, pump.fun is a centralized launchpad owned and operated by its developers.

2. AI integration for simplified token deployment: The launchpad uses KavaAI, an AI-powered chatbot, to simplify the token creation process. Users can launch meme coins without advanced coding skills, making the platform accessible to a broader audience. On the other hand, Pump.fun lacks AI integration for simplified token deployment.

3. Cross-chain functionality for broader user reach:

News source:www.cryptotimes.io

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