The market has long been plagued by insider trading. This is probably a sigh that every degen who has been harvested by the President's Coin and the Wife's Coin will let out. After barely surviving the cabbage patch and the rug pool, yesterday's waterfall face wash has once again caused market sentiment to FUD.
At this very moment, "No LP, no insider trading." "We will save the bear market!" - A project called Super.exchange issued a heroic market-saving declaration that hit the pain point and quickly attracted attention in the community. What magic does this new Solana ecosystem asset issuance platform have?
An upgraded Pump.fun
Why are meme insider trading incidents frequent, sniping constant, and pool withdrawals commonplace? In Super.exchange's view, a large part of the problem is that "Bonding Curves have been ruined" - this is one of the core reasons why tokens cannot achieve price discovery and experience wild swings.
To address the early control issue, Super.exchange has upgraded the traditional bonding curve into an Infinite Bonding Curve AKA Super Curve, making the price increase more gradual. The principle of the Super Curve is not complicated, and it can be seen as a Bonding Curve composed of 7 different curves. These seven curves are like the gears of a manual transmission car; to accelerate the car, you must shift gears. Similarly, to "accelerate" the price of a token, its underlying liquidity must also "shift gears." The seven "gears" of the Super Curve maintain stable market depth while promoting rapid and sustained price growth.
So what does the Super Curve solve? The traditional bounding curve, due to its slow early growth, allows certain buyers to accumulate a large proportion of the token supply. In the later stage, due to the rapid growth of the curve, it will lead to a liquidity gap, and without the support of market makers, continuing to trade will be very difficult. But by using the Super Curve, there is permanent locked liquidity in all price ranges, avoiding the rug risk and ensuring sustainable price growth.
Comparison of token growth using Super Curve vs. traditional Bonding Curve, image from @_superexchange official account
More specifically, through the traditional Bonding Curve on Pump.fun, controlling 80% of the token supply only requires less than $20,000, and the price only increased 15 times. But on Super, to buy 80% of the tokens, the price will increase 40,269 times. This makes it very difficult to accumulate a large number of chips at a lower price in the early stage of the token.
Market depth characteristics of Super Curve vs. traditional model, image from @_superexchange official account
On Pump.fun, as the market cap increases, the pool depth drops rapidly. Super.exchange, by eliminating the dependence on liquidity providers, prevents pool withdrawals and ensures sustainable liquidity, creating a secure and growth-potential trading environment.
Not only the innovation of Super Curve, Super.exchange is also very keen to solve another pain point that makes everyone from the small P to the P general headache when rushing meme - the uniqueness of the ticker.
Remember the broccoli war on the BNB Chain a fortnight ago? A large number of homogenized tokens were issued at the same time, flooding the new coin board with the same pictures and names, and a fierce PVP was staged. But trying to search for $SUPER on Super.exchange, the results are refreshing. No more need to check one by one to distinguish the real from the fake, each ticker is the unique identity of the token, and they are all in uppercase English letters, so the dispute over uppercase and lowercase can also be settled.
Finally, Super.exchange has also created its own platform token $SUPER. $SUPER is 100% owned by the community, with a deflationary mechanism and a transparent buyback and burn policy. $SUPER has a total supply of 1 billion, with a fair launch, no pre-allocation, no rush, and no VC quota. 50% of the platform's transaction fee revenue is used to buy back and burn $SUPER, executed by a smart contract at 5-minute intervals, with the entire process transparent on-chain. And as the platform develops, the buyback scale will expand, driving long-term price growth and building a flywheel for community growth.
How to play on Super.exchange
How to get started on Super.exchange? After entering the main page and connecting their wallet, users can interact with the following three functions.
How to issue a token
The "create" option can be seen in the top right corner of the homepage. After clicking it, enter the token avatar, ticker, and name to complete the creation. If the selected ticker is already taken, it is not possible to issue a token with the same name, and a combination of up to 10 digits and letters is supported. Except for the ticker, which cannot be changed after creation, the other options can be modified through community voting. Based on the actual operation, the token issuance fee is about 2.5%, slightly higher than Pump.fun.
How to buy tokens
Super.exchange also has an internal and external market. Clicking "MARKETS" on the homepage will show the token board, where "Markets" is the external market, and "New Pairs" is the internal market. The market cap of each token is calculated using the Super Curve. Clicking on the token avatar will take you to the purchase page where you can set the amount and slippage yourself. After purchasing, you can view the purchased assets in the "PORTFOLIO".
How to get $SUPER
The website currently only provides two ways to obtain $SUPER: trading and inviting new users. The higher the trading performance of a token, the more points you can earn; inviting friends will also earn you 25% of their trading points. 1 point = the right to buy 1 SUPER, which means that only active traders on the platform have the right to buy $SUPER, which benefits the early users who actually use the platform for trading, rather than whales locking up millions of liquidity in a new DeFi protocol.
Will it be the Super hero of meme?
At present, Super.exchange does seem to have solved to some extent the pain points plaguing the current meme market: insider trading, low-price accumulation, ticker confusion, and rug pulls after pump. These problems have left the market full of uncertainty and a crisis of trust after meme has completely degenerated into a casino. In this regard, Super.exchange, through its unique design and mechanisms, seems to provide a solution to these chaos, at least making the trading environment appear more transparent and fair on the surface.
However, if we review the entire meme super cycle, its rise is more of a community-driven cultural phenomenon, rather than something that can be fully covered by technology or token issuance mechanisms. Although Super.exchange has optimized the trading mechanism, it is hard to deny that a large part of the appeal of meme comes from the lottery-like jackpots and the myth of becoming a millionaire overnight that Pump.fun has custom-tailored for it.
Related reading: Neiro Revived: Trading Platforms Are Becoming the "National Football Team Referee" of the Meme Market | 10 0x Recap
The current improvements may curb some speculative behavior, but it is also difficult to answer the following questions: How to quickly build a strong and lasting community consensus without the short-term stimulation of pump and dump? If the lottery-like payouts of meme are no longer tempting, will it still attract so many people to sit and wait, bringing new liquidity? Especially in the current bear market, will meme be cleared out by the market as oversupply, or will it continue to cross cycles with its emotional and ideological value? This may be the real key to the future development of meme.
As for Super.exchange, can it, through a more reasonable price discovery mechanism, screen out the meme that truly has consensus and value in the midst of a market full of holes? Under the dual drive of innovative mechanisms and community flywheel, can it become the Super hero that saves meme? Perhaps only time can provide the answer.
