How should we view the meme market? Is it the first stop for crypto newbies, a place for hot news, or an on-chain casino for ultimate PVP? No matter what color of judgment the crypto community has on the current meme market, it cannot ignore the established fact that the demand for "everyone to issue coins" is unstoppable.
Less than half a year after its launch, Pump.fun has accumulated nearly $100 million in protocol revenue, firmly sitting on the leading position in the meme coin issuance market. However, in the community's view, the dominance of Pump.fun is not conducive to the long-term development of the meme market.
On the other hand, several meme token issuance platforms have appeared on the market in the past two weeks. They all successfully attracted some attention when they were launched, but failed to leave a lasting impression on the crypto community afterwards.
On one hand, meme players are getting tired of Pump.fun, and on the other hand, latecomers in the coin issuance market are facing the anxiety of not being able to make a splash. If a new coin issuance platform wants to operate stably in the current market, it needs more driving factors besides traffic.
Another new player has entered the meme market. On August 12, TRON ecosystem DEX SUN.IO launched SunPump, which will serve as the first meme coin issuance platform in the ecosystem, aiming to provide creators with a convenient and cost-effective token issuance solution.
In recent days, Justin Sun has frequently posted content about SunPump on social platforms, calling himself the "chief customer service". After creating the TRON network with a huge user base and market value, Justin Sun's exploration of "mass adoption" is still ongoing, and the meme market may be his new starting point.
On August 16, SUNDOG, with a market value of over 40 million US dollars, appeared on SunPump. Three days later, the market value of SUNDOG exceeded the 100 million US dollar mark. More than 7,000 meme coins appeared on SunPump, with a cumulative income of 2.5 million TRX.
In this dynamic and ever-changing meme market, we had the opportunity to have an in-depth exchange with Justin Sun, the founder of TRON. As a partner of SunPump, he discussed in detail the current status of the SunPump platform and its future development plans. Justin Sun shared his insights and vision in promoting the development of the SunPump project, and also gave detailed answers to our questions about platform operations, market strategies, technological innovation, and community building.
The need for transactions around fairness will not disappear
The community has different views on the future development of the meme market. Some people think that the meme market has deviated far from its original intention, but looking back at the history of meme development, from the last round of DOGE, SHIB to PEPE, to the current round of bull market, WIF, BOME and the current meme market that is emerging in an endless stream and iterating rapidly, the development of meme always revolves around traders' pursuit of fair transactions and community power. From this perspective, the meme market has no "endgame".
BlockBeats: What are the changes and constants in the future development of the meme market? Why do you think SunPump has the potential to develop in this market?
Justin Sun: What remains unchanged is that users will always care about the driving force brought by the community, the pursuit of fair trade and the spirit of innovation. The core of the meme market is always the power of the community. Whether it is DOGE, SHIB or PEPE, their success is inseparable from the spread and promotion of the community.
Users’ demand for fair transactions is also eternal. Participants in the meme market always hope to trade in a transparent and fair environment. At the same time, the emergence of meme coins is often accompanied by innovative ideas and concepts. This innovative spirit is the driving force for the continued development of the meme market.
The changes in the meme market lie in market maturity, technological iteration, and diversification of user needs.
Specifically, as the market continues to develop, the maturity of the meme market will continue to increase, and users will have higher requirements for the quality and sustainability of projects. The regulatory environment around the world may also change, which will have an impact on the direction of the meme market.
As far as I know, SunPump conducted in-depth meme market research, comprehensively analyzed the needs and preferences of current meme market users, and made accurate predictions of potential user groups. SunPump made statistical interpretations of key indicators such as the issuance volume, transaction volume, and user activity of meme coins in the market. On this basis, the SunPump team also conducted in-depth interactions with the TRON community, continuously collecting community suggestions and improving user group portraits.
SunPump's goal is to provide a platform that can adapt to market changes and meet user needs. We believe that through continuous innovation and optimization, SunPump can provide users with a fair and secure meme trading experience while bringing new vitality to the TRON ecosystem.
BlockBeats: What design concepts of SunPump do you like, and how do you ensure that these concepts are reflected in the user experience?
Justin Sun: SunPump's design concept is "fairness, ease of use, and responsibility". The project is committed to providing users with a safe, transparent, and low-threshold meme coin issuance and trading platform.
The SunPump platform is committed to providing users with a convenient, fair and secure meme coin trading experience. SunPump simplifies the token creation process through the one-click coin issuance function. Users can issue their own meme coins in just a few steps. At the same time, SunPump pays great attention to security and fairness, and charges a certain fee to prevent malicious behavior and ensure the "quality" of meme coins. In addition, using the joint curve pricing model, SunPump can dynamically adjust the price according to the supply of tokens, ensuring fairness and transparency in the price change process and avoiding market price manipulation. When the market value of meme coins reaches certain conditions, SunPump will automatically inject liquidity funds into SunSwap V2 and destroy tokens to adjust the market circulation, maintain the value of tokens, and prevent excessive market inflation and speculation.
SunPump ensures that all transactions are open and transparent. Users can view transaction history and community activity at any time, providing a trust-building link while assisting users to make wise trading decisions. The platform conducted a strict security audit before going online to ensure the security of smart contracts and platforms and reduce security risks. At the same time, SunPump attaches importance to user education, providing users with comprehensive information guidance services, helping users understand trading rules and potential risks, and encouraging users to invest rationally. In order to lower the threshold for participation, SunPump also launched a Gas Fee reduction activity to reduce user transaction costs and allow more users to easily enter the meme coin market.
SunPump aims to provide a fair and secure trading environment, allowing users to enjoy the fun of the meme market while ensuring the safety of their assets.
SunPump’s entry time
In fact, it is a common practice for many public chains to support the leading meme of the ecosystem and use it to attract attention and liquidity for the ecosystem. Not all ecosystems will enter the meme market by building a coin issuance platform. After the meme market has been booming for several months and Pump.fun's position seems to be difficult to shake, it takes firm courage and deeper planning to start a meme token issuance and trading platform.
BlockBeats: How do you consider the challenges of launching SunPump after the meme market has been booming for several months?
Justin Sun: The booming meme market has attracted a lot of attention, and platforms such as Pump.fun have already occupied a place in the market. Facing such a market environment, launching SunPump is indeed a well-thought-out decision for SUN.io.
SunPump is not just a simple coin issuance platform, but also focuses on providing a fair and secure user experience in the transaction process. The project's innovative features such as the joint curve mechanism, liquidity injection and token destruction are all designed to ensure the fairness and transparency of transactions.
We know that the meme market has a very wide user base. SunPump has greatly reduced the threshold for users to create and trade meme coins through functions such as one-click coin issuance, which helps attract more new users to participate in the TRON ecosystem. TRON has a strong community foundation. I believe that with the active participation and support of the TRON community, SunPump will be able to grow rapidly. SunPump will always pay attention to community feedback and continuously optimize platform functions to meet user needs.
In the face of the booming meme market, I believe SunPump will pay more attention to user education and risk warnings, ensure that users can make rational decisions when participating in meme coin transactions, and continue to work hard to maintain the transparency of the transaction process in terms of enhancing user trust. As long as we continue to innovate, we can stand out in the fiercely competitive market. I believe SunPump will continue to launch more new features and activities to keep the platform vibrant and attractive.
BlockBeats: As the meme trend enters a new stage, what aspects should SunPump focus on to activate the meme market? How will SunPump's "Gas Fee" reduction activity affect user participation?
Justin Sun: I think the top priority is to continuously optimize the platform interface and transaction process to ensure that users can easily get started and improve the overall trading experience. We will increase market education efforts through community discussions and other means to help users understand the value and risks of meme coins and improve users' investment awareness and ability.
In addition, it is necessary to establish a reasonable project screening mechanism to ensure that the meme coin projects launched on the platform have certain quality and potential, and to minimize low-quality projects in the market. In this process, we will strengthen cooperation with the community, encourage community members to participate in platform construction and project promotion, and use the power of the community to expand the influence of SunPump.
In order to maintain the competitiveness of the platform, SunPump will continue to develop new technologies and functions, and make efforts in more advanced joint curve mechanisms, more efficient liquidity management tools, etc. At the same time, SunPump will also establish partnerships with other blockchain projects, trading platforms, media, etc. to jointly promote the healthy development of the meme market.
The reduction and exemption activities directly reduce the cost of users issuing and trading meme coins on the platform, making it affordable for more users to participate, thereby increasing user participation. Reducing transaction costs also increases the motivation of users to trade frequently, thereby increasing market activity.
A low-cost trading environment is more attractive to new users and helps the platform attract more new users. As a marketing strategy of SunPump, the Gas Fee reduction activity can enhance user loyalty to the platform and strengthen the platform's competitive advantage in the fiercely competitive meme market.
SunPump also organizes some meme events to stimulate interaction and discussion among community members and promote the formation and development of meme community culture.
Through these measures, SunPump hopes to occupy a favorable position in the new stage of the meme market and create more value for users and the entire TRON ecosystem.
SunPump is backed by TRON
Compared with other coin issuance platforms, the biggest highlight of SunPump is the TRON ecosystem behind it and its founder Justin Sun. During Dubai Token 2049, TRON founder Justin Sun publicly expressed his optimism about the meme market, "Meme coins may look a little strange, but they highlight the power of the community in cryptocurrency." As an entrepreneur who has faced various controversies, Justin Sun has a close relationship with the crypto community, and SunPump will carry Justin Sun's vision for the meme market.
Equally important, TRON has a dominant position in the stablecoin market. Not long ago, the weekly transaction volume of stablecoin USDT on the EVM network exceeded 18 million times, setting a record high. Among them, TRON DAO is the preferred transfer network for crypto users, accounting for 78% of the transaction volume. This is not only a reflection of users' trust in TRON's security, but also a reflection of TRON's fast and low-cost transaction advantages.
BlockBeats: From a community perspective, what differentiated advantages can TRON provide for the development of SunPump?
Justin Sun: SunPump attaches great importance to user education and is committed to providing sufficient information resources to help users understand the risks of meme coins and build user trust and a good reputation for the platform from a long-term perspective. In this process, in-depth cooperation with the TRON community will enable SunPump to use the power of the community for promotion and feedback collection. This community-driven strategy helps to quickly iterate and optimize the platform.
In addition, with the help of the TRON community, SunPump has established in-depth cooperation with the industry's leading cryptocurrency trading platforms Huobi HTX and Poloniex to provide one-click listing services for meme projects that meet specific trading volume standards.
Specifically, when the trading volume of meme coins launched on SunPump reaches 1 million US dollars for three consecutive days, the meme coin project can list the coin on Poloniex with one click. If the trading volume of meme coins reaches 10 million US dollars for three consecutive days, it can enjoy the efficient service of listing on Huobi HTX with one click, which brings more liquidity to meme coins with development potential on the platform.
On August 15, TRON announced that it will join hands with SUN.io and SunPump to launch a large-scale meme ecosystem incentive plan with a scale of up to 10 million US dollars. This plan will inject strong energy into the Meme project in the TRON ecosystem.
At the same time, in order to maximize the effectiveness of the incentive plan, TRON and SunPump have also jointly established a multi-dimensional evaluation system to ensure that every investment can accurately touch the core value of the project. This system provides a clear path and goal for the growth and development of meme projects, and will comprehensively consider the market value, trading volume, and user activity of meme projects, and introduce indicators of other innovative dimensions, such as community participation, innovation, and market influence, to comprehensively evaluate the potential of projects.
Through these differentiated advantages, I hope SunPump can stand out in the highly competitive meme market and provide users with a more fair, secure, and transparent trading environment, while also contributing to the diversified development of the TRON ecosystem.
BlockBeats: In terms of liquidity, how does TRON’s development advantages in the stablecoin field empower SumPump?
Justin Sun: As of now, the issuance of stablecoins on the TRON chain has exceeded 60 billion US dollars, with more than 2 million daily active users. The high transaction volume and user base of USDT provide abundant liquidity for the meme market. SunPump can take advantage of this to provide a smoother experience for meme coin transactions and attract more traders and investors.
The fast transaction and low-cost characteristics of the TRON network enable SunPump to provide users with more economical transaction costs. This is crucial to improving the liquidity and attractiveness of meme coins. SunPump can encourage the use of stablecoins such as USDT as a medium for meme coin transactions, reduce the risk of price fluctuations, and enhance users' trading confidence. It is not ruled out that the project will directly integrate stablecoin transactions such as USDT in the future to facilitate users' one-click exchange and improve transaction efficiency. In the future, trading competitions and activities mainly based on stablecoins will be held to increase user participation and platform activity.
The depth and diversity of the stablecoin market in the TRON ecosystem provides a rich selection of trading pairs for meme coins, and SunPump can also use this to launch more innovative trading products and services.
Through these methods, SunPump can not only empower the meme market, but also further consolidate TRON's leadership in the stablecoin market and achieve a win-win situation.
BlockBeats: How is the current development of TRON ecosystem in the meme field? How will SunPump reshape the meme ecosystem?
Justin Sun: So far, the TRON ecosystem has performed well in the meme field. The TRON community has a high level of discussion and participation in meme coins, and community members have shown a strong interest in innovative and interesting meme projects. In the TRON ecosystem, there are already several well-known meme coin projects, including SUNDOG, which have attracted a large number of users' attention and participation.
Behind the active trading of meme coins on the TRON network is the active interaction of community users and the continuous exploration of new models by the TRON ecosystem, which provides direct impetus for the development of meme coins.
On this basis, I believe that SunPump will reshape the meme ecosystem. Through the one-click coin issuance function, Gas Fee reduction activities and the $10 million meme ecosystem incentive plan, SunPump will significantly lower the threshold for users to participate in meme coin issuance and trading, attracting more users to enter the meme market. In addition, SunPump also relies on its innovative incentive mechanism to encourage community members to actively participate in platform construction and project screening, and promote the healthy development of the meme ecosystem through the power of the community.
SunPump will also launch innovative incentive mechanisms to encourage users to participate in the creation, trading and liquidity provision of meme coins, thereby enhancing the vitality of the entire ecosystem. In terms of cross-ecological cooperation, SunPump will seek cooperation with other blockchain ecosystems to expand the influence and coverage of meme coins through cross-chain technology.
Through these measures, SunPump hopes to reshape the meme ecosystem and drive it towards a more mature, healthy and sustainable direction.
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