What to know:
As a seasoned analyst with over two decades of experience in the crypto market, I must admit that the expansion of GraFun to the TON Network is a move that catches my attention. With Ethereum and BNB Chain already under its belt, GraFun’s decision to venture into TON could potentially open new avenues for growth and engagement.
Today, the meme-based coin issuance platform GraFun is broadening its reach by integrating with the TON Network, which ranks as the third major blockchain following Ethereum and BNB Chain. This move aims to attract fresh user bases.
Moving into the TON network may enable GraFun to reach new user bases, benefit from greater trading volume when releasing memes, and boost its presence within the cryptocurrency trading community.
GraFun developers have shared that it’s nearly time to manufacture and exchange memecoins directly within the widely used messaging platform, Telegram. Following the deployment of over 14,000 memecoins and accumulating a trading volume of $450M on BNB Chain, GraFun is simplifying and speeding up the process of creating memecoins right inside Telegram.
As a seasoned crypto investor, I can confidently say that the total value of user assets stored on TON’s blockchain networks surpasses the impressive figure of $350 million, according to the available data.
A source close to the team shared plans for a GraFun token in the future based on user activity in a message to CoinDesk, although GraFun developers neither confirmed nor denied plans.
GraFun distinctly provides a “Fair Curve” system, which developers claim diminishes the likelihood of rug pulls, lessens price manipulation, and fosters more equitable token distributions that safeguard users from losing significant amounts of money. Notably, meme coin giant Floki holds more than 40% of GraFun, with DWF Labs also among its investors.
One way to rephrase the given sentence in a more natural and easier-to-read language is: “Two well-known memecoin launch platforms that utilize a “Fair Curve” distribution mechanism are Pump, which originated this method on Solana, and Tron’s Sun Pump.
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2024-12-04 15:18