Author: Ashley

The market has long been plagued by insider trading. This is probably a sigh that every 'degen' who has been harvested by President Coin and Wife Coin will let out. After barely surviving the cabbage patch and rug pulls, a waterfall wash has once again caused market sentiment to FUD.

At this moment, "No LP, no insider trading." "We will save the bear market!" - A project called Super.exchange made a heroic market-saving declaration that struck a nerve and quickly gained attention in the community. What magic does this new Solana ecosystem asset issuance platform have?

An Upgraded Pump.fun

Why are meme insider trading, sniping, and pool withdrawals so common? In Super.exchange's view, a big 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, you can think of it as a Bonding Curve composed of 7 different curves. These seven curves are like the gears of a manual transmission car, if the car needs to accelerate, the gears must be shifted. Similarly, to make the token price "accelerate", the 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 had slow early growth, allowing some buyers to accumulate a large portion of the token supply. In the later stage, the curve grew too fast, leading to liquidity gaps, and without market maker support, continued trading would be very difficult. But with the Super Curve, there is permanent locked liquidity across all price ranges, avoiding 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, with the price only increasing 15x. But on Super, to buy 80% of the tokens, the price will increase 40,269x. This makes it much harder to accumulate a large amount of tokens at a low price in the early stages.

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 quickly decreases. Super.exchange eliminates the dependence on liquidity providers, preventing pool withdrawals and ensuring sustainable liquidity, creating a secure and growth-potential trading environment.

Not only the innovation of Super Curve, Super.exchange also acutely solved another pain point that makes everyone from P-Juniors to P-Generals headache when rushing memes - the uniqueness of the ticker.

Remember the Broccoli War on the BNB Chain a couple of weeks ago? A large number of homogenized tokens were issued, with the same pictures and names flooding the new coin board, and an intense PVP was played out. 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 case dispute 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, fairly launched with no pre-allocation, no rush, and no VC quota. 50% of the platform fee revenue is used to buy back and burn $SUPER, executed by a smart contract in 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 community growth flywheel.

How to Use Super.exchange

How to get started with Super.exchange? After connecting their wallet to the main page, users can interact with the following three functions.

How to Issue Tokens

The "create" option can be seen in the top right corner of the homepage, click on it and 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, supporting a combination of up to 10 digits + letters. Except that the ticker 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 more expensive 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. After purchase, you can view the purchased assets in "PORTFOLIO".

How to Earn $SUPER

The website currently only provides two ways to earn $SUPER: trading and referrals. The higher the trading performance of the tokens, the more points you 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, benefiting the early users who actually use the platform for trading, rather than whales locking millions of liquidity in the new DeFi protocol.

Will it be the Super hero of memes?

Now it seems that Super.exchange has to some extent solved the pain points of the current meme market that have been widely criticized: insider trading, low-price accumulation, ticker confusion, and rug pulls after pump. These problems have made the market full of uncertainty and trust crisis after memes have completely become a casino. In this regard, through its unique design and mechanisms, Super.exchange seems to provide a solution to these chaos, at least making the trading environment appear more transparent and fair on the surface.

But if we review the entire meme super cycle, its rise is more of a community-driven cultural phenomenon, rather than just 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 memes comes from the lottery-like payouts and the myth of becoming a millionaire that Pump.fun has custom-tailored for them.

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 payoffs of memes are no longer tempting, will they still attract so many people to sit and wait, bringing new liquidity? Especially in the current bear market, will memes be cleared by the market as oversupply, or will they continue to cross cycles with their emotional and ideological value? This may be the real key to the future development of memes.

As for Super.exchange, can it, through a more reasonable price discovery mechanism, screen out the memes that truly have consensus and value in the market's patchwork? Under the dual drive of innovative mechanisms and community flywheel, can it become the Super hero that saves memes? Perhaps only time can give the answer.