Ethereum

Solana

Memecoin

Rewards

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/solana-ecosystem-rewards-memecoin-creators/" data-wpel-link="internal">Solana Ecosystem Rewards Memecoin Creators</a> 
As the <a href="https://en.coin-turk.com/bitstamp-announces-partnership-with-three-major-banks-for-crypto-services/" data-wpel-link="internal">crypto market</a> shows an upward trend, <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">significant developments</a> continue in the memecoin space. Accordingly, Solana ecosystem’s memecoin platform pump.fun announced that users who launch memecoins on their platform and complete the bonding curve will receive approximately $80 worth of Solana if launched on Raydium DEX; however, this step may not be enough to stop rug pull processes. 
<h2 class="p1" style="text-align: justify" id="what-s-happening-in-the-memecoin-space">What’s Happening in the Memecoin Space?</h2> 
In a post sent to X on August 9, the team announced that memecoin creators would be paid a 0.5 Solana reward if the tokens complete the bonding curve and are launched on Raydium. This could be a small incentive to ensure creators do not sell all their tokens. This step came after pump.fun announced the transition of their token launch fee from $2 to a free transaction. The first buyer of the token will now pay a $2 fee, making it free for creators to launch a new token on the platform. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-378264" src="https://coin-turk.com/wp-content/uploads/2024/08/pump.png" alt="" width="500" height="543"> 
The new incentive structure came after August 2 data showed that 98.6% of all tokens launched on pump.fun never completed the bonding curve process and could not be launched on Raydium. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-378263 size-full" src="https://coin-turk.com/wp-content/uploads/2024/08/dune.jpg" alt="" width="1102" height="677"> 
Pump.fun uses a bonding curve model as a way to provide guaranteed liquidity for newly launched tokens when they reach Raydium, an automated market maker in the Solana ecosystem. The bonding curve model takes a small amount from each token purchase and allocates it to the curve. 
When a token reaches a market value of $63,000, the bonding curve is completed, and the token is launched on Raydium with this guaranteed liquidity. In short, this process means that the token can never become completely illiquid, and <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> can sell even if the <a>price</a> drops significantly. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-378262 size-full" src="https://coin-turk.com/wp-content/uploads/2024/08/bonding.png" alt="" width="700" height="397"> 
<h2 class="p1" style="text-align: justify" id="details-on-the-subject">Details on the Subject</h2> 
Although the $80 reward is an incentive for token creators to bring their assets to the market, it may not be enough to stop rug-pull processes on the platform. Quick-acting investors can buy early and sell their assets before the bonding curve is completed. 
On July 29, pump.fun’s daily revenue reversed the revenue of the Ethereum network, achieving an astonishing $864,000 in 24 hours, while the Ethereum network earned $550,000 in the same time frame. Pump.fun was launched in January 2024 as an antidote to malicious insider token launches. Historically, memecoin projects were launched through pre-sales and insider buying, where launch teams could hide the number of tokens they owned and unfairly manipulate the market. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/solana-ecosystem-rewards-memecoin-creators/" data-wpel-link="internal">Solana Ecosystem Rewards Memecoin Creators</a></h5>
The post <a href="https://en.coin-turk.com/solana-ecosystem-rewards-memecoin-creators/" data-wpel-link="internal">Solana Ecosystem Rewards Memecoin Creators</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Solana Ecosystem Rewards Memecoin Creators

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