After the memecoin fever like Billy or Ginnan, the market gradually heated up with the appearance of platforms like pump.fun and MakeNow. Meme. These can be XEM as powerful support tools for users in creating memecoins as well as introducing them to the community. So what is pump.fun? Let's find out with Coin68 through the article below.
What is Pump.fun? How to create meme using pump.fun
What is Pump.fun?
Pump.fun can be XEM as a platform that supports users in creating memecoins and trading them. These memecoins often do not bring much value outside of economics and are easily pumped and dumped by the market. To improve this problem, pump.fun uses a model that represents the correlation between the supply and price of assets called the Bonding Curve.
Behind the success of pump.fun is Alliance DAO, the name behind the birth of fantasy.top , a social trading card game on Blast . Since its launch, pump.fun has generated a relatively large amount of revenue, the reason for this is that users can completely participate in the process of creating a Token at a low cost and completely simple.
pump.fun Revenue (source: @hashed_official - Dune Analytics)
How Bonding Curve Works
The Bonding Curve mechanism that pump.fun uses can be XEM as the way this platform limits Rug Pull . The way this mechanism works is very simple, after the memecoin is created, 800 million Token will be put into the Bonding Curve. Then, when users buy Token, its price will increase the curve, the earlier they buy, the more likely it is that the asset will multiply if they are listed on Raydium . When the Token 's market Capital reaches $66,000, liquidation will be added to Raydium, and a portion of the liquidation will also be burned to reduce the possibility of market manipulation.
How to create meme using pump.fun
- Step 1: Access pump.fun and connect wallet, users can usePhantom , Backpack or MetaMask wallet to connect and use the platform's features.
- Step 2: Click on start a new coin .
- Step 3: Choose a name, ticker and write a description for the memecoin, then buy a small amount of Token using SOL , this will help protect the user's Token .
Through the above article, users can see that creating a memecoin at the present time is extremely simple and anyone can do it, which also means that investing in memecoin is not simple. Therefore, be a smart investor and avoid letting greed turn you into a gambler . Memecoin trading should only be limited to a small amount of Capital , if it increases, we have more fun, if memecoin Rug Pull , we only lose a small amount of money, not affecting ourselves and our families too much.
summary
Above is all the information about pump.fun and the benefits it is bringing to the cryptocurrency market. Through the article, Coin68 hopes to give readers an overview of pump.fun as well as its potential in the future.
Note: Coin68 is not responsible for any of your investment decisions. Wish you success and earn lots of profit from this potential market!
