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Cryptocurrency News Articles
Memecoin Launchpads: The Millionaire-Making Trend in the Web3 Industry
Oct 23, 2024 at 07:10 pm
With the existence of fairer launchpads like Pump.fun, Fomo.fund, and others—including Moonshot, a strong competitor for Pump.fun—these platforms
With the memecoin craze showing no signs of abating, several memecoin launchpads have emerged to cater to the needs of both project creators and investors alike. These launchpads offer a range of services, including token creation, deployment, and discovery, making it easier for anyone to launch their own memecoin.
In this article, we will explore some of the best memecoin launchpads in the Web3 industry, highlighting their key features, strengths, and how they are contributing to the growth of the memecoin ecosystem.
1. Pump.fun: The Largest Memecoin Launchpad
Solana-based protocol Pump.fun is one of the fastest-growing crypto apps, reaching $100 million in revenue in record time. This platform simplifies the creation and trading of memecoins on the Solana network. In addition to this, the platform has expanded its reach by integrating Ethereum Layer 2 networks, Base and Blast. Token creation on this platform is quick and easy, requiring only a few clicks to input a name, ticker symbol, and image. With a small deployment fee of approximately 0.02 SOL, anyone can create a memecoin on Pump.fun, contributing significantly to the surge in new token launches on Solana.
The launchpad boasts over 2.4 million unique tokens, with more than 700,000 unique active wallets (UAW), and an astounding 31 million transactions completed in August alone. The platform is behind some of the biggest meme tokens, including Billy and other celebrity tokens. Launched in January 2024, this IDO launchpad offers a user-friendly interface, strategic network expansion, and an active user community. As a result, Pump.fun has quickly become the go-to launchpad for memecoins and meme-loving investors. Some of the top Pump.fun coins with the highest transactions over 24 hours are GOAT, ORANGE, Slop, and others.
The platform focuses on gamification elements in its token launch program, aiming to engage the community and drive token demand through interactive features. This approach attracts users to participate in games to earn or gain access to new tokens. In fact, the platform also incentivizes communities when they complete tasks or participate in community challenges. The platform deploys a bonding curve model where the token price increases as more tokens are purchased. However, it has been noted that the launchpad offers limited customization options for token creators regarding game design and branding. Additionally, the platform provides fewer features for users specifically interested in gamified token distributions.
2. SunPump: The First Memecoin Launchpad on Tron
This is the first memecoin launchpad built on Tron. SunPump requires a 20 TRX creation fee and traders are required to pay a 1% trading fee. Created by the SunSwap team, which is the leading decentralized exchange on the Justin-Sun-owned blockchain ecosystem, SunPump has shown remarkable growth in daily activity and revenue recently. In August this year, this platform reportedly surpassed Pump.fun, generating 7,531 new tokens and over $555K. As the team claims, SunPump is the first meme fair launch platform and has quickly hooked the crypto community with tokens like Sundog (SUNDOG) on Tron, which has hit a market cap of $190 million. Moreover, Tron and SunPump are contributing $10 million to fund the memecoin ecosystem, aiming to support newly launched tokens.
The platform features token price tracking, user participation, and market performance in its dashboard. Project creators can avail themselves of bonuses and NFTs for tokens that experience rapid price pumps and also participate in gamified challenges. At its core, the platform is meme-focused with gamification, targeting meme-culture enthusiasts and gamified crypto users. Additionally, the platform’s smart contract deducts 3,000 TRX as a liquidity addition fee once a token reaches 100% of the bonding curve, ensuring sustainable liquidity for projects.
3. FOMO.fund: Gamified Memecoin Mastery
Built on the TON blockchain, FOMO.fund is a fun and engaging platform. This launchpad blends two key approaches: the addictive nature of tap-to-earn games and the user-friendly interface of one-click token deployment. At its core, FOMO.fund gamifies the entire process of token launches and investor participation, allowing users to discover the next viral hit in the memecoin ecosystem.
FOMO.fund has built a strong following on Twitter and Telegram, boasting over 134K followers and 196K accounts on both platforms, respectively. The platform utilizes a bonding curve model, which dynamically adjusts token prices based on supply and demand while maintaining liquidity. In addition to this, the platform offers a clicker-style airdrop farming game, market buybacks, and staking rewards. To further support project creators, FOMO.fund triggers a market buyback when a project’s click
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