- A new meme coin launching platform on TRON offers one-click token launch.
- An unprecedented Bonding Curve mechanism erases the need for pre-sales.
- SunPump’s first day in operation is marked with imitations and parody coins.
2024’s meme coin bonanza has been a key catalyst for multiple blockchains rising to prominence. Initially dominated by Solana’s (SOL) top dogs like BONK and WIF, newer blockchains like TON Network and Base Layer-1 contributed a wide mixture of meme coins that boosted the parent chain’s demand.
Tron (TRX), one of the oldest alternative blockchains to Bitcoin (BTC), is getting a dedicated platform to issue meme currencies on the Layer-1 network and following in the footsteps of Solana’s (SOL) pump.fun, SunPump offers a dedicated platform for crypto enthusiasts looking to launch their own coins.
A Shiny New Platform for Meme Coins
Tron’s SunPump platform is based on a mechanism that streamlines the launch and trading of tokens, making it easy to browse other projects on the platform. To embark on a personalized meme coin journey, participants can pick their choices from SunPump and buy the preferred tokens on the brand new Bonding Curve mechanism.
Following the news of a new meme coin launch platform, the Tron Live community was pumped to announce a discussion forum on TRON DAO, which includes a series of frequently asked questions (FAQ). Among the first questions were the fees needed to launch a meme coin on TRON (TRX) and the trading fee calculations on SunPump.
According to the frequently asked questions on TRON DAO, users will need to cover a creation fee of 20 TRX and pay a 1% fee on every trade. While the creation fee converts to just $2.53 as of press time, the Bonding Curve is capped at a potential coin value of $69,420. Upon reaching this threshold, a seeding process will be initiated.
SunPump’s official team will contribute approximately $12,000 worth of TRX tokens in liquidity support, which will be sent to SunSwap V2 for on-chain burning. This deflationary approach theoretically erases the need for coin pre-sales and team allocations. Market participants can still sell their preferred tokens before completing the Bonding Curve.
Justin Sun Declares Season Of Memes
TRON blockchain’s founder and celebrity crypto entrepreneur, Justin Sun, proudly took a moment on X to commemorate the milestone of the new platform launch. “The sun 🌞 shines in the season of memes, said Sun, retweeting the official message from SUN.io’s handle.
SunPump’s homepage is filled with animal-themed memes and parody coins on the first day. While some attempts at imitating popular meme coins like Cat in A Dog’s World (MEW) and Bonk Coin (BONK) have been made, the only coin that stands out so far in terms of success is the Sun-themed parody coin Jastin San ($SAN).
The parody coin has shot up 296% to a $16.46K market cap. Aligned with the Bonding Curve mechanism, Sun’s parody coin is now 66% away from reaching the threshold of $69.420K, where a significant part of the tokens will be set ablaze on the SunSwap protocol.
On the Flipside
- The ability to create meme coins with just one click and without advanced coding knowledge amplifies the risks of rug pulls, as meme coins tend to have very high price fluctuations.
- Rugpulls remain common in the meme coin space. DailyCoin encourages traders to look for red flags, such as plagiarism, complete team anonymity, or poor execution of the project’s roadmap.
Why This Matters
The vast number of chains rushing to answer the rising demand demonstrates the importance of meme coins to the growth of the crypto space.
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