Outside Source
[PRESS RELEASE – Transylvania, Romania, October 11th, 2024]
GraFun, the memecoin launchpad on BNB Chain, has reported a record-breaking first week. Within the first 24 hours of launch, GraFun served 130M requests from more than 850,000 unique users. Despite the high demand, the platform has continued to operate smoothly and facilitated the launch of thousands of tokens.
GraFun aims to support fair memecoin launches on BNB Chain by reducing rug pull risks and providing a secure platform for token creators and traders. Since going live, GraFun has facilitated the launch of more than 12,000 tokens and accrued 428 BNB (~$250K) in protocol fees in the process.
Tokens that reach a market cap of 31 BNB on GraFun automatically graduate to PancakeSwap v3, where a liquidity pool is created to support the next phase of their lifecycle. GraFun projects that have graduated to PancakeSwap have racked up more than $250M in volume just in the first day.
More than 40 GraFun projects have launched on PancakeSwap, with several achieving multi-million dollar market caps and the most successful hitting $120M FDV and securing a CEXs listing. GraFun’s launchpad provides a foundation for BNB Chain projects to maximize engagement, aided by the prospect of follow-on support for the most promising launches.
Through democratizing access to new token launches while incentivizing ethical behavior from emerging projects, GraFun is raising the bar for BNB Chain projects. In the process, it’s providing a platform that frees creators from the technical requirements associated with token launching, freeing them to focus on core competencies and community building.
GraFun incentivizes ethical behavior, rewarding users for net positive actions such as launching a token sale or reaching volume milestones. GRA rewards are earned for completing tasks and can subsequently be exchanged for exclusive rewards. Having surpassed all expectations in its first week, GraFun is now on course to shake up BNB Chain’s trading landscape while establishing itself as the network’s preeminent memecoin launchpad.
Recently, GraFan Labs was launched – a memecoin incubator that supports memecoin launches on BNB Chain. GraFan Labs provides substantial support with marketing, listings, liquidity, and more. Follow their updates on X: https://x.com/grafunlabs
About GraFun
GraFun is a memecoin launchpad that empowers anyone to launch a token on BNB Chain in seconds. By driving down the risk of rug pulls and increasing the upside to ethical token creation, GraFun provides a better environment for projects and communities alike. GraFun’s fair curve model enables communities to participate in governance through a DAO framework and capture the upside to building sustainable tokenized projects.
Learn more: https://gra.fun/
This article first appeared at CryptoPotato
