In the crypto space, decentralization has always been the ultimate goal. However, as more and more projects emerge, we also see that many project owners still have too much control over their tokens. With the recent explosion of the SUNDOG token on Tron, SunPump on the Tron chain has successfully brought us a new concept - "ownerless" tokens.
SunPump official website link: https://sunpump.meme/
What are “ownerless” tokens?
As the name suggests, "ownerless" tokens are tokens that the project party no longer has control over after the token is issued. The future development direction of this type of token is completely determined by the community and the market, truly realizing the concept of decentralization. In such a token structure, no centralized entity or individual can influence the circulation, value, and use of the token, and all decisions are made jointly by the holders.
Here is a simple example:
1. Bitcoin (BTC)
Overview: Bitcoin is the first cryptocurrency, or “bitcoin,” launched by an individual or group named Satoshi Nakamoto in 2009. After creating Bitcoin, Nakamoto gradually faded out and handed over control of the project to the developer community and miners.
"Ownerless" feature：Bitcoin has no centralized controller, and all decisions are made by the developer community and miners through a consensus mechanism. The disappearance of Satoshi Nakamoto makes Bitcoin a truly "ownerless" currency, completely decentralized and maintained by global users and communities.
2. YFI (Yearn.Finance)
Overview: YFI is the governance token of Yearn.Finance, a DeFi project founded by Andre Cronje. Remarkably, after launching YFI, Andre made it clear that the YFI token has no value support and no tokens will be allocated to the development team. He even said that YFI is "completely useless" and will give ownership and control entirely to the community.
"Ownerless" feature: YFI tokens have no pre-mining, no team reserved shares, and no ICO. The distribution of tokens is entirely carried out through liquidity mining and community governance. The YFI community is responsible for all project decisions and governance, truly embodying the "ownerless" feature.
These two examples show different forms of "ownerless" tokens, all of which have common characteristics: the founder fades out or has no ongoing control, and the future of the project is determined by the community and holders. The success of these tokens shows the power of decentralization and the huge potential of the "ownerless" model in the crypto world.
Why$DOGE What if the token cannot be “ownerless”?
Here we have to mention the Dogecoin Foundation. Although Doge was originally launched as a decentralized cryptocurrency and did show community-driven characteristics in its early development, over time, the governance of Doge has gradually been centralized in the hands of some core developers and the Dogecoin Foundation. The Dogecoin Foundation is responsible for overseeing the development, strategy and promotion of the project, which means that it is not a strictly "ownerless" token.
Why are “ownerless” tokens gaining attention?
True decentralization: In the "ownerless" token model, power and control are completely handed over to the community. Holders can jointly decide the direction of the project through voting, proposals, etc. This model enhances the fairness and transparency of tokens, allowing every holder to participate in the governance of the project.
Transparency and security: Because there is no continuous intervention from the project side, "ownerless" tokens rely on the execution of smart contracts and codes, reducing the risks caused by human factors. Community members can clearly see all the rules, preventing any potential manipulation.
Community-driven: In the ecosystem of "ownerless" tokens, the community is the key to the success of tokens. Community members are not only token holders, but also project builders and promoters. This high sense of participation makes the community more united, and the value of the token is therefore more stable.
SUNPUMP Platform and “Ownerless” Tokens
Next, let’s talk about the SUNPUMP platform. It is the first memecoin application on the Tron chain, which can publish and trade, and perform equity mining.
As the SUNDOG token became popular, the SUNPUMP platform also began to pay attention to and promote this innovative model. On SUNPUMP, project owners can easily issue "ownerless" tokens, establish initial liquidity pools, and hand over tokens to the community for management. In this way, SUNPUMP hopes to promote the birth of more decentralized projects and let blockchain truly return to its decentralized nature.
Step 1: Find interesting meme coins
Users begin their personalized cryptocurrency journey by first exploring memecoins on the SunPump platform and picking out those that capture their interest.
Step 2: Buy on the Bond Curve
Users purchase tokens using SunPump’s Bonding Curve mechanism, which provides them with a user-friendly purchasing process and easy entry into the memecoin market.
Step 3: Flexible sales options
SunPump provides users with flexible trading options to sell their tokens at any time, whether to lock in profits or cut losses.
Step 4: Glue the Curves
As community participation and purchases increase, the market value of Memecoin is expected to soar, possibly reaching a 100% bonding curve (approximately $69,420). That is, when the total value of your issued tokens reaches $69,420, your tokens can be sold and redeemed on the market.
Step 5: Establish liquidity and cash burn mechanism
Once the bonding curve is complete, approximately $12,000 worth of TRX liquidity support will be automatically deposited into SunSwap V2 and burned.
Search for the token you are interested in on the official website homepage, and a curve progress bar will be displayed. When it reaches 100%, you can trade freely.
How to issue tokens on the SUNPUMP platform?
Of course, you can also have your own tokens for only 20$TRX (about 4 USDT).
Yes, the issuance price is so low, but if you cannot achieve a 100% bonding curve, that is, the total market value cannot reach $69,420, then your 20$TRX So when you release tokens, you need to constantly promote your project to get more people to buy your tokens. It is not difficult to issue tokens, but it is difficult to get people to buy your tokens.
Step 1: Transfer 100 TRX tokens to your wallet (transfer to Tron chain)
Step 2: Open SunPump official website (https://sunpump.meme/)
Step 3: Connect your wallet and sign the wallet and website
Step 4: Click the “Launch” button above
Step 5: Fill in your token information
Step 6: Click “Launch” and your token will be issued successfully.
Step 7: Promote your token on social media. This depends on your ability to fool people, so I won’t teach you here.
What are the benefits of issuing coins on the SUNPUMP platform?
1. True decentralized issuance
Ownerless tokens: The SUNPUMP platform supports the issuance of "ownerless" tokens. The project party loses control of the tokens after issuance, and the management and development of the tokens are completely handed over to the community. This approach ensures the essence of decentralization and prevents a single entity or individual from manipulating the market.
2. Improve the transparency of tokens
Smart contract transparency: The SUNPUMP platform relies on smart contracts to manage the issuance and liquidity pool of tokens, which means that all rules, transactions, and capital flows are public and cannot be tampered with. Users can clearly see the operating mechanism of the token and enhance trust.
3. Preventing manipulation by development teams and big players
Fair distribution mechanism: The fair distribution mechanism designed by smart contracts prevents development teams and large users from obtaining too many tokens when tokens are issued, thereby reducing their control over the market. This mechanism helps prevent market manipulation and centralized power structures.
4. Avoid buying “Pixiu coins”
Prevent the emergence of Pixiu coins: Tokens can be purchased or sold at any time on the SUNPUMP platform, thus blocking the risk of buyers buying "Pixiu coins".
5. Incentivize long-term holding
Liquidity incentives and staking: The platform can encourage users to hold tokens for a long time rather than short-term speculation by setting liquidity incentives and staking rewards. This helps improve the stability of tokens and reduce drastic market fluctuations.
6. Prevent malicious projects and scams
Strict contract review: The SUNPUMP platform can introduce a smart contract review mechanism to ensure the security and fairness of token issuance contracts and prevent malicious projects and fraud. This helps protect the interests of investors and enhance the overall reputation of the platform.
7. Diversified project support
Support various project types: In addition to MEME coins, the SUNPUMP platform can support different types of projects, including utility tokens, DAO governance tokens, and NFT projects. This provides developers and communities with more choices and innovation space, and promotes the diversified development of the blockchain ecosystem.
8. Liquidity protection mechanism
Gradually unlocking liquidity: The platform can design a mechanism to gradually unlock liquidity to prevent the market makers from suddenly withdrawing a large amount of liquidity at the beginning of the project, causing a market crash. This mechanism helps stabilize the market and protect ordinary investors.
9. Fast and low-cost issuance
Simplified issuance process: The SUNPUMP platform can simplify the issuance process of tokens, allowing developers to issue tokens quickly and at low cost. This helps reduce the cost of entrepreneurship and allows more innovative projects to enter the market. Even if you don’t know smart contracts, you can issue tokens anytime, anywhere.
What is the future of “ownerless tokens”?
The emergence of "ownerless" tokens marks an important step towards true decentralization in the field of blockchain and cryptocurrency. As more platforms and projects like SUNPUMP emerge, we believe that this model will gradually become mainstream. For investors, "ownerless" tokens are not only an opportunity to participate in an innovative project, but also a deep trust in blockchain technology and the concept of decentralization.
But at the same time, the low cost of issuing coins on the SUNPUMP platform has led to some messy coins flying around. It is better for everyone to analyze carefully to see if there is any potential. Click on the token you like, and you can see useful information such as X (Twitter) or the project's official website. No tokens are recommended here. Everyone can make their own judgment and purchase at their own risk.
