Shiba

2024

Memecoin

Shiba Inu

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 <img loading="lazy" loading="lazy" decoding="async" width="300" height="200" src="https://droomdroom.com/wp-content/uploads/2024/09/Sunpump-300x200.jpg" class="attachment-medium size-medium wp-post-image" alt="Understanding SunPump: How to Launch a Memecoin on Tron in 2024" style="margin-bottom: 10px;" title="Understanding SunPump: How to Launch a Memecoin on Tron in 2024 12">
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<p>Shiba Inu founders would have never thought that the crypto they were creating as a joke would one day be a multi-billion dollar empire. Repeating that feat might have been difficult a few years ago, but not today. Tron has launched a platform to create memcoins backed by the Tron Foundation and Tron’s founder, <a href="https://droomdroom.com/winners-of-web3-justin-sun/" target="_blank" rel="noreferrer noopener">Justin Sun</a>.</p> 
<p>SunPump is a no-code memecoin tool, which means that you don’t need specialized blockchain development to create your memecoin on the Tron blockchain. The platform offers an easy development journey within a few steps.</p> 
<p>Creating memecoins costs just 20 TRX. It also provides highly essential liquidity support of 100,000 TRX.</p> 
<p>We have created this article to help you launch your first memecoin on Tron within minutes. We also have provided information about its benefits and a few issues that currently trouble users.</p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p><a href="https://droomdroom.com/van-eck-sees-7100-growth-in-layer-2s/" target="_blank" rel="noreferrer noopener"><strong>Van Eck predicts a 7100% return on investment in Layer-2 coins in the next six years.</strong></a></p> 
</blockquote> 
<h2 class="wp-block-heading" id="strong-what-is-sunpump-strong"><strong>What is SunPump?</strong></h2> 
<p>SunPump is a memecoin tool on the Tron chain. It lets users create memecoins of their desired name in a few steps. Users just need to upload an image and fill in a few details, and it’s done.&nbsp;</p> 
<p>The platform was launched by Sun.io, a defi platform linked to the Tron founder Justin Sun.</p> 
<p>Sunpump was probably launched in response to Solana’s success in the memecoin market, which, despite being new, has a multi-billion market cap. Further, the success of Solana was mostly due to its memecoin revolution.</p> 
<p>Tron expects a similar uplift in its price, which has been stuck below $0.15 for several years now.</p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p><a href="https://droomdroom.com/bitcoin-runes-explained/" target="_blank" rel="noreferrer noopener"><strong>You can also create a memecoin on Bitcoin using Runes Protocol.</strong></a></p> 
</blockquote> 
<p>Despite a recent lunch on Aug 09, 2024, SunPump quickly overtook Solana’s Pump Fun, a memecoin creator platform for the Solana blockchain.</p> 
<p>The website’s URL is <a href="https://sunpump.meme" target="_blank" rel="noreferrer noopener nofollow">https://sunpump.meme</a>. The X.com account has about 200k followers.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> <a class="twitter-timeline" data-width="1170" data-height="1000" data-dnt="true" href="https://twitter.com/sunpumpmeme?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">Tweets by sunpumpmeme</a>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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<h2 class="wp-block-heading" id="strong-better-future-than-solana-s-pump-fun-strong"><strong>Better Future Than Solana’s Pump.fun</strong></h2> 
<p>Though the SunPump platform is less than a month old, it seems strong enough to help Tron cross Solana’s memecoin market in the medium-term future. Multiple factors support SunPump in this journey and eventually could make Tron the top chain for memecoin, beating even Solana.</p> 
<ol class="wp-block-list"> 
 <li><strong>Timing</strong></li> 
</ol> 
<p>The current markets are at a very sweet time to launch new cryptocurrencies and memecoins.&nbsp;</p> 
<p>This bull season has been one of the most profitable ones for memecoins. In the last one year, top memecoins like Pepe, Bonk and dogwifhat have gained record price levels compared to the last year.</p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p><a href="https://droomdroom.com/maximizing-profits-in-crypto-a-guide-to-bull-and-bear-markets/" target="_blank" rel="noreferrer noopener"><strong>Want a deeper understanding of how bear and bull markets work and how you can safeguard your hard-earned money.</strong></a></p> 
</blockquote> 
<p>Further, in the second half of 2024, we at Droom Droom expect the United States Federal Reserve(US Fed) to announce rate cuts. There are speculations that a set of three rate cuts of 0.25% each will happen by the end of the year.&nbsp;</p> 
<p>Such rate cuts can send crypto markets into a new rally, probably bigger than what we saw in the first 3-4 months of this year.</p> 
<ol start="2" class="wp-block-list"> 
 <li><strong>Tron’s DeFi Presence</strong></li> 
</ol> 
<p>Tron dominates one-tenth of the DeFi markets in terms of Total Value Locked (TVL) as compared to Solana’s mere 6%. This is critically important because the larger the TVL is, the greater will be the liquidity for the memecoins.</p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p><a href="https://droomdroom.com/how-to-stay-safe-in-defi/" target="_blank" rel="noreferrer noopener"><strong>Before investing in any crypto token at ICO, pre-sale, launch or any other stage, just understand the risks involved</strong>.</a></p> 
</blockquote> 
<ol start="3" class="wp-block-list"> 
 <li><strong>High Liquidity from On-Chain Stablecoins</strong></li> 
</ol> 
<p>Tron has one of the highest stablecoins compared to most blockchains, with fifteen times more stablecoins ($60 billion) than Solana. Such a high number of stablecoins helps memecoin thrive due to easy liquidity..</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" loading="lazy" decoding="async" width="1024" height="212" src="https://droomdroom.com/wp-content/uploads/2024/09/Coinmarket-1024x212.jpg" alt="Coinmarket" class="wp-image-28125" title="Understanding SunPump: How to Launch a Memecoin on Tron in 2024 13">
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  Stablecoin Volumes in Top 5 Blockchains.
 </figcaption>
</figure> 
<h2 class="wp-block-heading" id="strong-tron-s-sunpump-vs-solana-s-pump-fun-strong"><strong>Tron’s SunPump vs Solana’s Pump Fun</strong></h2> 
<p>As of August 2024, Solana enjoyed nearly eight billion dollars worth of the memecoin market. Tron is set to surpass this in the coming years and become the second-largest memecoin blockchain after Ethereum.</p> 
<p>Aside from the above factors, SunPump, which is less than a month old, has already beaten Solana’s Pump Fun in network fees and newly issued memecoins.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr">Tron’s SunPump surpasses Solana’s <a href="https://t.co/4vV9Mv9DYn" rel="nofollow" target="_blank">https://t.co/4vV9Mv9DYn</a> in meme coin launches<br><br>Tron’s new meme coin platform, SunPump, has surpassed Solana’s <a href="https://t.co/4vV9Mv9DYn" rel="nofollow" target="_blank">https://t.co/4vV9Mv9DYn</a> in token launches, debuting 7,352 tokens in 24 hours versus <a href="https://t.co/4vV9Mv9DYn" rel="nofollow" target="_blank">https://t.co/4vV9Mv9DYn</a>’s 5,694. Launched last week…</p>— CoinNess Global (@CoinnessGL) <a href="https://twitter.com/CoinnessGL/status/1826385925771014417?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">August 21, 2024</a>
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<p>By the fourth week of its launch, the platform had also generated two million dollars in revenue and is expected to continue growing.</p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p><a href="https://droomdroom.com/solana-bullish-pattern/" target="_blank" rel="noreferrer noopener"><strong>Solana got from $14 to $240 in less than a year due to a strong memecoin and DeFi market</strong>.</a></p> 
</blockquote> 
<h2 class="wp-block-heading" id="strong-creating-a-memecoin-on-sunpump-strong"><strong>Creating a Memecoin on SunPump</strong></h2> 
<p>Creating a memecoin on SunPump is much easier than you think. Here is the detailed stepwise approach to make your job easier.</p> 
<ol class="wp-block-list"> 
 <li>Head to the SunPump <a href="https://sunpump.meme/" target="_blank" rel="noreferrer noopener nofollow">website</a>.</li> 
</ol> 
<figure class="wp-block-image size-large">
 <img loading="lazy" loading="lazy" decoding="async" width="1024" height="466" src="https://droomdroom.com/wp-content/uploads/2024/09/pump-website-1024x466.jpg" alt="pump website" class="wp-image-28126" title="Understanding SunPump: How to Launch a Memecoin on Tron in 2024 14">
 <figcaption class="wp-element-caption">
  SunPump Homepage
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</figure> 
<ol start="2" class="wp-block-list"> 
 <li>Click on launch at the top navigation bar beside the Home button. You will find a form that you must fill out in order to provide all the necessary details.</li> 
</ol> 
<figure class="wp-block-image size-large">
 <img loading="lazy" loading="lazy" decoding="async" width="575" height="1024" src="https://droomdroom.com/wp-content/uploads/2024/09/launch-token-575x1024.jpg" alt="launch token" class="wp-image-28127" title="Understanding SunPump: How to Launch a Memecoin on Tron in 2024 15">
 <figcaption class="wp-element-caption">
  SunPump Memecoins Details Page
 </figcaption>
</figure> 
<ol start="3" class="wp-block-list"> 
 <li>The information for filling out the form is listed below. 
  <ol class="wp-block-list"> 
   <li>Provide a token name and image (create one from Canva for free or any other platform you like). Make sure the name isn’t copyrighted or trademarked.</li> 
   <li>Provide a token description and list all its features, benefits and its brand positioning. For example, the memecoin Dogecoin was designed to provide faster transactions than Bitcoin.</li> 
   <li>It is highly recommended to create a website, even though its optional, so that your project looks more genuine. Usually, all investors tend to browse project websites before they invest.</li> 
   <li>Provide Telegram and Twitter handles, which are also optional. The benefit of providing all the necessary social media platforms is that it shows that your project is indeed genuine, and tends to attract more customers.</li> 
  </ol> </li> 
</ol> 
<figure class="wp-block-image size-large">
 <img loading="lazy" loading="lazy" decoding="async" width="1024" height="399" src="https://droomdroom.com/wp-content/uploads/2024/09/process-1024x399.jpg" alt="process" class="wp-image-28129" title="Understanding SunPump: How to Launch a Memecoin on Tron in 2024 16">
 <figcaption class="wp-element-caption">
  Launching a Memecoin on Tron using SunPump.
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</figure> 
<ol start="4" class="wp-block-list"> 
 <li>You then need to connect your wallet to mint coins and pay the gas fee. Chrome users could get a Tron wallet or use any extension that provides similar support.</li> 
 <li>While launching, you can also buy a small portion of your tokens so to initiate a transaction and protect your tokens from spammers and crypto snipers.</li> 
 <li>After clicking launch at the bottom of the page, you will be redirected to pay for the gas fee. Once the gas fee is paid, you will then be shown that your token has been successfully launched.</li> 
</ol> 
<h2 class="wp-block-heading" id="strong-fees-and-costs-involved-strong"><strong>Fees and Costs Involved</strong></h2> 
<p>There are three types of fees involved, two of which are to be paid by the creator and one by the token buyer.</p> 
<ol class="wp-block-list"> 
 <li>The fee to mint a new memecoin on Tron is currently at 20 TRX, which is a little over $3 (subject to the market price of TRX). This fee is enough to cover the minting costs. There is also an option to pay more so that you can get more tokens allocated to you.</li> 
</ol> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p><a href="https://droomdroom.com/why-only-native-tokens-are-used-for-gas-fee/" target="_blank" rel="noreferrer noopener"><strong>Wondering why you can only pay the gas fee in TRX</strong>?</a></p> 
</blockquote> 
<ol start="2" class="wp-block-list"> 
 <li>After this, there is another cost of 3000 TRX or $500 as a liquidity fee. This is only applied once your token crosses the $69k market cap.<br><br>If your token gets this high, Tron Foundation will also provide 100,000 TRX for liquidity and add the remaining 200 million tokens to the SunSwap, which could provide you with much greater liquidity.&nbsp;</li> 
</ol> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p><a href="https://droomdroom.com/impact-of-liquidity-pools-on-defi-ecosystems/" target="_blank" rel="noreferrer noopener"><strong>The 100,000 TRX will benefit your token by providing a much-needed liquidity pool which saves your token from a crash</strong>.</a></p> 
</blockquote> 
<ol start="3" class="wp-block-list"> 
 <li>There is also a 1% trading fee levied on each buyer who buys your token.</li> 
</ol> 
<h2 class="wp-block-heading" id="strong-a-few-issues-strong"><strong>A Few Issues</strong></h2> 
<ol class="wp-block-list"> 
 <li><strong>Users Cannot Control Memecoin Tokenomics.</strong></li> 
</ol> 
<p>SunPump does not allow you to create new memecoins based on customized tokenomics. This is to make the process more standardized. However, for most memecoin creators, the price of the coin matters, as well as its token supply.&nbsp;</p> 
<ol start="2" class="wp-block-list"> 
 <li><strong>An issue with Tron-Link on Chrome/Brave</strong></li> 
</ol> 
<p>Currently, Tron users are forced to use the Chrome plugin Tron Link to create memecoins. However, there might soon be more wallet options available like BNB’s Four.meme, which supports Coinbase wallet, Binance wallet, MetaMask, Wallet connect and many others.</p> 
<p>There is no way to bypass this, but we have let SunPump know about this issue.</p> 
<h2 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h2> 
<p>SunPump appears to be a user-friendly platform for creating memecoins on the Tron blockchain and seems to have a good future. Given its high adoption rate and network activity, this could be the next significant memecoin movement after Solana, perhaps even bigger.</p> 
<p>Though the platform provides an easy way to create Tron memecoins without coding anything, yet it has some issues, such as a lack of control over tokenomics and being forced to use a single wallet.</p> 
<p>However, we soon expect this to be resolved, making this a highly preferred and popular memecoin creation tool.</p> 
<h2 class="wp-block-heading" id="strong-frequently-asked-questions-strong"><strong>Frequently Asked Questions</strong></h2> 
<div id="rank-math-faq" class="rank-math-block"> 
 <div class="rank-math-list "> 
  <div id="faq-question-1724953558223" class="rank-math-list-item"> 
   <h3 class="rank-math-question " id="strong-how-much-trx-do-i-need-to-launch-a-memecoin-on-tron-strong"><strong>How much TRX do I need to launch a memecoin on Tron?</strong></h3> 
   <div class="rank-math-answer "> 
    <p>Users need 20 TRX to launch their memecoin.&nbsp;</p> 
   </div> 
  </div> 
  <div id="faq-question-1724953566546" class="rank-math-list-item"> 
   <h3 class="rank-math-question " id="strong-is-tron-link-safe-strong"><strong>Is Tron-Link safe?</strong></h3> 
   <div class="rank-math-answer "> 
    <p>Some users on Chrome Webstore have reported some issues with Tron-link, but most of them are related to its UX. We recommend using small TRX transfers and avoiding using your main wallet to keep your funds safe.</p> 
   </div> 
  </div> 
  <div id="faq-question-1724953572393" class="rank-math-list-item"> 
   <h3 class="rank-math-question " id="strong-can-i-access-sunpump-on-any-other-browser-than-chrome-strong"><strong>Can I access SunPump on any other browser than Chrome?</strong></h3> 
   <div class="rank-math-answer "> 
    <p>Yes, SunPump is supported by Microsoft Edge and Brave. Mozilla Firefox is not currently supported.</p> 
   </div> 
  </div> 
  <div id="faq-question-1724953584627" class="rank-math-list-item"> 
   <h3 class="rank-math-question " id="strong-is-sunpump-easier-than-pump-fun-strong"><strong>Is SunPump easier than Pump Fun?</strong></h3> 
   <div class="rank-math-answer "> 
    <p>Of the above two, SunPump is much easier to use than Pump Fun.</p> 
   </div> 
  </div> 
 </div> 
</div>

Understanding SunPump: How to Launch a Memecoin on Tron in 2024

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