As a seasoned crypto investor with a knack for spotting promising projects, I find the recent development between Floki and the BNB chain extremely intriguing. The launch of GraFun, their meme coin launchpad, seems to be a strategic move that could significantly boost the ecosystem for the top meme coin.
Floki and the BNB network are preparing to introduce a new venture called GraFun, which is similar to Solana’s Pumpfun and Tron’s Sunpump. GraFun will be jointly owned by 40% between Floki, and it will also collect an equivalent percentage of fees generated on the platform. Additionally, GraFun has backing from DWF Labs, DeXe Protocol, and Hot Protocol.
Floki And BNB Chain Set To Luanch GraFun
In their latest blog update, the team revealed plans to assist GraFun’s debut on the BNB network. This launchpad offers a user-friendly method for individuals to establish a meme coin within the Binance ecosystem. The announcement highlights that the trading system will emulate Solana’s PumpFun, incorporating the bonding curve model for operation.
Before GraFun’s Mainnet launch, it’s been disclosed that its launchpad is garnering significant interest. Currently, more than 3.9 million users have been whitelisted, and their wallets are now linked to the platform.
Approximately 305,000 users have successfully deposited more than eight million dollars into their accounts through GraFun, in preparation for the meme coin craze expected to start on the Binance Smart Chain.
Excitedly, I’m watching as the platform we’ve all been eagerly anticipating is finally set to launch. Coincidentally, this happens right on the day Binance’s founder, CZ (Changpeng Zhao), is due to be released from custody, having served his four-month sentence. The crypto community is buzzing with anticipation about CZ’s release, and I can’t help but wonder if it might lead to a flurry of meme coins inspired by this event. Let’s see what unfolds!
Additionally, Floki disclosed that they would secure a 40% stake in GraFun and earn the same percentage from the meme coin launchpad’s earnings. The team hinted that ownership of the platform would bring significant advantages for $FLOKI and $TOKEN holders; however, they mentioned that specific details would be shared at a later time.
Major Boost For The Meme Coin’s Ecosystem
Given the substantial profits these launchpads are generating, Floki’s acquisition of GraFun might significantly enhance the ecosystem of its meme coin. According to Dune analytics, Pumpfun has accumulated 760,494 SOL ($114 million) in fees so far. It is expected to yield $136.5 million in annual fees. Sunpump, launched recently, has already made $5.2 million in fees and could potentially bring in up to $51.8 million annually.
Consequently, this latest news serves as a positive signal for the leading meme coin. Notably, Floki has already secured the TokenFi launchpad. This innovative tokenization platform enables developers to simplify the process of turning real-world assets into tokens, bypassing the complexities of coding.
Currently, when I’m typing, the FLOKI value stands approximately at $0.0001703, marking an increase of more than 16% in the last day. Moreover, the trading volume has surged by about 90%, with a total of $416 million worth of transactions taking place during this timeframe.
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2024-09-27 16:15