GraFun Launchpad Collaboration between Floki and BNB Chain Takes Giant Strides
- Barbara StreisandOriginal
- 2024-10-01 06:58:22695browse
According to data, the newly launched GraFun Launchpad, a collaboration between Floki and BNB Chain, has taken giant strides. The memecoin registered over $250 million in trading volume within 24 hours of listing on PancakeSwap.
Floki Memecoin Platform GraFun Launchpad Rakes $250M Trading Volume
Floki вікі мем coin platform GraFun Launchpad reportedly reached more than $250 million in transaction volume within 24 hours after being listed on PancakeSwap.
According to the platform supported by Floki developer, GraFun designed memecoin specifically for the BNB chain. GraFun registered more than 5,800 tokens on its first day, shortly after it was announced on the BNB chain on September 27. This boosted GraFun by introducing nearly $100,000 in transaction fees onto its blockchain.
On the other hand, BabyBNB, a project originating from GraFun, also recorded peak performance just one day after its launch. BabyBNB has a market capitalization of $132 million and is listed on centralized exchanges MEXC and Gate.
So far, Floki has provided great support for the GraFun memecoin. Considering this support, the developer said it could cause noticeable disruption to the broader memecoin ecosystem. The prediction stems from GraFun's innovative launch mechanics for the BNB chain.
GraFun's Fair Curve Design Reduces the Risk of Rug Pulling
Interest in GraFun is focused on its "Fair Curve" design pattern, which developers acknowledge reduces rug pull risks. It also protects against price manipulation and ensures fairer token issuances. All this attracts users who are confident that the loss of invested funds will be minimal.
Floki is a strong believer in memecoins, according to a developer identified as B. Developer B said memecoins will lead the true crypto revolution, and GraFun seems to have launched at the right time as more memecoins are becoming mainstream.
Also, developer B believes that BNB chain collaboration is strategic. He states that they see the fast, cheap and scalable network of the BNB chain as suitable for making it a hub for memecoin events.
GraFun's Strategic Partnerships and Market Response
GraFun, which has the support of some important platforms, listed DWF Labs as a strategic partner after HOT Protocol and DeXe Protocol. According to the agreement, Floki will collect @ of the fees generated according to the property rights.
Floki initially experienced a 6% increase on the GraFun launch. However, according to CoinMarketCap data, at the time of writing, it decreased by 3.65% to $ 0.0001586.
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