Sun.io, the DeFi protocol associated with Tron founder Justin Sun, has released SunPump – a platform that allows users to create memecoins on the Tron blockchain.

The platform will compete directly with pump.fun – a popular Solana platform that saw transaction fees hit a record high this week with a total of $5.3 million in the past 24 hours.

Memecoin, although often launched as a joke, has become a major part of the recent bull market. Some prominent names such as SHIBA, PEPE, WIF and FLOKI have surpassed the $1 billion market cap.

One of the main reasons platforms like pump.fun get a lot of flak is because they are a cheap way for bad actors to create memecoins only to pull the rug after investors increase the value of a given memecoin.

“To address this, the Sun team is committed to strengthening the review process, allowing for community oversight and promoting transparency to ensure user safety and trust. SunPump conducts thorough due diligence on creators and projects before they are allowed to launch on the platform, ensuring that they meet specific standards of integrity.”

When asked what differentiates the two projects, Sun said that due to its partnership with cryptocurrency exchange Poloniex, projects that maintain a daily trading volume of $1 million for three days will be eligible to be listed on the platform.

Tron and SunPump are also working together to create the Meme Ecosystem Boost Incentive Program, designed to provide resources for newly launched tokens.

“Anyone who completes the bonding curve on SunPump will receive a reward of 888 TRX! This is an opportunity for everyone, and it is absolutely real!”

https://tapchibitcoin.io/justin-sun-dat-cuoc-vao-memecoin-voi-trinh-tao-token-sunpump.html