Moonshot has recently launched a new tool called Moonshot Create, allowing users to create meme coins using Apple Pay in just three steps.
Launch of Moonshot Create
Moonshot introduced a new tool called Moonshot Create, launched on June 27, enabling users to create Solana-based tokens by uploading a meme image, selecting the Create tab, and paying network setup costs via Apple Pay. This simplified process removes technical barriers that previously required knowledge of cryptocurrencies or wallet management.
Moonshot's Fee Structure
Each newly created token incurs a trading fee of 0.5% until it achieves 'bonding' status, at which point the token locks its supply to an on-chain liquidity curve. After bonding, the fees drop to 0.3%, with creators potentially earning up to 50% of all swap fees generated by their token's trading pool. Tokens reaching a fully diluted valuation of $1 million may receive verification status, ensuring prominent placement in the Moonshot app.
Updates from Competing Platforms
On the same day as Moonshot's launch, the competing platform Pump.fun announced mobile app updates. New features include a feed tracking quickly rising token prices, one-button purchasing options for supported tokens, and a news section highlighting trending meme coins. These simultaneous product releases indicate rising competition in the meme coin creation space, as platforms strive to capture market share through improved user experience.
The integration of Apple Pay removes a significant barrier for mainstream users unfamiliar with wallets or DeFi tools. However, meme coin creation requires a strong grasp of market trends and promotional strategies to drive real trading volume.
