- BNB Chain launches its launchpad for memecoins, GraFun.
- This platform has generated traction in the same way that Pumpfun or Sunpump had.
Memecoins This market cycle has been dominated by chains, which have taken advantage of the increasing speculative demand.
BNB Chain has launched its own memecoin launchpad. GraFun. The app was launched before Binance’s former CEO CZ, who had been in prison for a number of years, was freed.
Andrei Grachev is the head of DWF Labs. noted The launchpad generated $100K of fees on its first day and released 5,8K memes.
“Happy to support @grafunmeme, it brought ~250m$ DTV and ~5.8k new memes to @BNBCHAIN, and make 100k$ in fees in 1 day!”
Overview of the GraFun Launchpad
You can also find out more about the following: Floki team, The launchpad is also supported by this. noted The platform is similar but superior to Solana’s Pumpfun.
The team, along with the generated revenues, will also own 40% of GraFun. DWL Labs was also listed as a partner in the press release, however its ownership wasn’t disclosed.
Other GraFun partner companies include BNB Chain and DeXe protocol. The meme coin will compete against Tron’s Sunpump as well as Solana Pumpfun. Both have already generated millions in revenues within months.
The platforms make money regardless of whether a coin is launched or not.
According to the Floki Team, GraFun offers a unique and fair platform. It stated,
“GraFun focuses on ensuring a fair launch model that allows only memecoins that users want to get listed on DEXs.”
Source: GraFun
By the 1st October 2018, the platform has launched 9K meme coins with Baby BNB.[BABY] The market capitalization of the company is over 80 million dollars.
The platform was a huge success when it launched, with 3.9 millions whitelisted users, and now 4.3 Million subscribers to its Telegram channel.
At the time of publication, Floki had not yet seen any traction.[FLOKI] The following are some examples of how to use BNB’s prices. The prices of these products have declined as a result of heightened geopolitical tensions.
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Source: ambcrypto.com
