The DEX Screener cryptocurrency data platform has launched a platform for creating meme coins, competing with Pump.fun. This is reported by The Block.
Moonshot provides users with the opportunity to launch their own meme tokens on Solana at a price of about 0.02 SOL, just like a competitor. To do this, you need to create a name, ticker, and image for the coin. You can also add links to social networks.
After the token reaches a market capitalization of 500 SOL (~$69,100), the asset and liquidity are transferred to the decentralized Raydium exchange, and 150-200 million coins are burned for deflationary momentum.
The developers assure that abuse in the form of presales or insider trading is impossible on Moonshot.
Immediately after the launch, the platform was flooded with a variety of tokens of various topics.
Data: DEX Screener.The publication noted that in an attempt to compete with Pump.fun is not surprising — the project has gained a wide user base in the Solana ecosystem. Since March, the revenue of the most popular platform for creating meme coins has already exceeded $40 million.
Data: The Block.Recall that experts differed in their assessments of the usefulness of meme tokens for the industry. Some believe that such assets are harmful to her. Others are confident that they will become a new asset class and attract new users.
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