The latest innovation in memecoins, SunPump on the TRON blockchain, backed by Justin Sun, has generated over $1.1 million in revenue within 11 days of its launch, according to Dune Analytics data.
The Launch of SunPump
SunPump was launched on August 9, 2024, as TRON’s first dedicated memecoin launchpad. The platform allows users to create and trade memecoins with ease, leveraging TRON’s blockchain technology. Since its launch, SunPump has generated total revenues of more than 7 million TRX, according to data from Dune, a web analytics platform. One of its standout features is the bonding curve mechanism, which facilitates purchases and ensures continuous liquidity.
The Bonding Curve Mechanism
SunPump employs a unique bonding curve mechanism designed to provide continuous liquidity for the tokens created on the platform. When a project reaches 100% of its bonding curve at a value of $69,420, the smart contract automatically deposits around 100,000 TRX and 200 million tokens into the SunSwap V2 liquidity pool. This process ensures that there is always liquidity available for trading, reducing the risks associated with price volatility. Moreover, SunPump charges a creation fee of approximately 20 TRX and imposes a 1% trading fee. These fees are designed to maintain the platform’s sustainability while also contributing to the liquidity pool.
SunPump vs. Pump.fun
Justin Sun, the brain behind SunPump and TRON founder, outlined the differences between his platform and Solana’s Pump.fun. While both platforms aim to simplify the creation and trading of memecoins, SunPump offers distinct advantages. One of the most significant is its strategic partnership with the Poloniex cryptocurrency exchange. This partnership ensures that projects maintaining a daily trading volume of $1 million for three consecutive days qualify for listing on Poloniex.
The SunPump platform is rapidly gaining popularity due to its unique features and strategic partnerships. Despite some concerns, Justin Sun claims that rigorous review and community audit mechanisms ensure the platform's reliability.
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