- The Platform for Low-Cost Meme Coin Creation
- Pre-Launch Excitement and User Registration
- Will GraFun Impact the Meme Coin Ecosystem?
Floki and the BNB Chain have announced plans to launch the GraFun meme coin platform, which will be exclusive to the BNB Chain.
The Platform for Low-Cost Meme Coin Creation
Floki announced in a blog post that GraFun will be supported by notable entities such as DeXe Protocol and HOT Protocol. Strategic partners include DWF Labs. Floki will hold 40% ownership of GraFun and receive the same percentage of fees generated on the platform. The Launchpad will serve as an avenue for users interested in creating meme coins on the Binance chain. GraFun will ensure inclusivity with a bonding curve model, allowing anyone to deploy a meme coin at minimal cost. Users can create a meme coin for a few dollars, including gas fees. The meme coin creator does not need developer experience and will not incur any liquidity or related token deployment costs.
Pre-Launch Excitement and User Registration
Even though GraFun has not been launched, the platform has already 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 launch on the BNB Chain. Floki will benefit from 40% of the revenue, and token holders will also receive 'key benefits,' with details to be provided later.
Will GraFun Impact the Meme Coin Ecosystem?
Industry experts suggest that launchpads have become quite profitable, and Floki’s ownership of GraFun might boost the meme coin ecosystem. Pumpfun, which GraFun mirrors, has deployed 2,155,492 coins and generated 760,494 SOL, equivalent to $114 million in fees. Recently, Pump.Fun reached a $100 million revenue milestone. Consequently, plans for GraFun are a bullish factor for Floki, which has been up by 19.34% to $0.0001751 in the past 24 hours. Trading volume has increased by 96.05% to $450,817,493 as user interest grows.
In conclusion, GraFun promises significant support for meme coin creation on the BNB Chain, potentially impacting the meme coin market significantly.
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