Outside Source
DWF Labs, a Web3 investment firm and market maker, has announced a strategic partnership with GraFun, a memecoin launchpad.
The partnership aims to enhance liquidity for tokens launched through GraFun, which operates on the BNB (BNB) Chain, promoting more stable and transparent trading of memecoins, according to a DWF press release.
Memecoins are cryptocurrencies based on internet jokes or cultural references, which often experience sudden price jumps or drops.
GraFun’s platform introduces a new way to launch memecoins, using a system called the “Fair Curve.” This model seeks to prevent issues like price manipulation or pump-and-dump schemes, which have been a problem for many memecoins in the past, according to DWF.
GraFun’s approach ensures that memecoins launched on its platform start trading in a fair and transparent manner.
GraFun’s growing interest
In just two weeks, GraFun attracted two million registrations, signaling growing interest in its system. The company has also partnered with Floki (FLOKI), a popular memecoin. As the memecoin season gains momentum, GraFun’s partnership with DWF Labs is seen as a significant step.
DWF Labs will use its market expertise to support memecoin projects launched on GraFun, focusing on providing liquidity. This ensures enough tokens are available for trading without causing extreme price changes, helping new tokens develop in a more controlled environment.
This article first appeared at crypto.news
