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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, Justin Sun.

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.

Creating memecoins costs just 20 TRX. It also provides highly essential liquidity support of 100,000 TRX.

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.

Van Eck predicts a 7100% return on investment in Layer-2 coins in the next six years.

What is SunPump?

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. 

The platform was launched by Sun.io, a defi platform linked to the Tron founder Justin Sun.

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.

Tron expects a similar uplift in its price, which has been stuck below $0.15 for several years now.

You can also create a memecoin on Bitcoin using Runes Protocol.

Despite a recent lunch on Aug 09, 2024, SunPump quickly overtook Solana’s Pump Fun, a memecoin creator platform for the Solana blockchain.

The website’s URL is https://sunpump.meme. The X.com account has about 200k followers.

Tweets by sunpumpmeme

Better Future Than Solana’s Pump.fun

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.

Timing

The current markets are at a very sweet time to launch new cryptocurrencies and memecoins. 

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.

Want a deeper understanding of how bear and bull markets work and how you can safeguard your hard-earned money.

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. 

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.

Tron’s DeFi Presence

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.

Before investing in any crypto token at ICO, pre-sale, launch or any other stage, just understand the risks involved.

High Liquidity from On-Chain Stablecoins

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..

Stablecoin Volumes in Top 5 Blockchains.

Tron’s SunPump vs Solana’s Pump Fun

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.

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.

Tron’s SunPump surpasses Solana’s https://t.co/4vV9Mv9DYn in meme coin launches

Tron’s new meme coin platform, SunPump, has surpassed Solana’s https://t.co/4vV9Mv9DYn in token launches, debuting 7,352 tokens in 24 hours versus https://t.co/4vV9Mv9DYn’s 5,694. Launched last week…

— CoinNess Global (@CoinnessGL) August 21, 2024

By the fourth week of its launch, the platform had also generated two million dollars in revenue and is expected to continue growing.

Solana got from $14 to $240 in less than a year due to a strong memecoin and DeFi market.

Creating a Memecoin on SunPump

Creating a memecoin on SunPump is much easier than you think. Here is the detailed stepwise approach to make your job easier.

Head to the SunPump website.

SunPump Homepage

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.

SunPump Memecoins Details Page

The information for filling out the form is listed below.

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.

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.

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.

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.

Launching a Memecoin on Tron using SunPump.

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.

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.

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.

Fees and Costs Involved

There are three types of fees involved, two of which are to be paid by the creator and one by the token buyer.

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.

Wondering why you can only pay the gas fee in TRX?

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.

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. 

The 100,000 TRX will benefit your token by providing a much-needed liquidity pool which saves your token from a crash.

There is also a 1% trading fee levied on each buyer who buys your token.

A Few Issues

Users Cannot Control Memecoin Tokenomics.

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. 

An issue with Tron-Link on Chrome/Brave

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.

There is no way to bypass this, but we have let SunPump know about this issue.

Conclusion

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.

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.

However, we soon expect this to be resolved, making this a highly preferred and popular memecoin creation tool.

Frequently Asked Questions

How much TRX do I need to launch a memecoin on Tron?

Users need 20 TRX to launch their memecoin. 

Is Tron-Link safe?

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.

Can I access SunPump on any other browser than Chrome?

Yes, SunPump is supported by Microsoft Edge and Brave. Mozilla Firefox is not currently supported.

Is SunPump easier than Pump Fun?

Of the above two, SunPump is much easier to use than Pump Fun.

曾经全球最大比特币交易所Mt.Gox（门头沟）的前CEO终未逃离厄运，因为贪污挪用交易所价值300万美元的数字货币，他可能要面临十年牢狱之灾。
2018年1月，他已经在LinkedIn将自己的职务更换为“伦敦某信托媒体首席技术官”，有人认为门头沟事件终究只是一次黑客攻击。
但，另一只靴子终于落地，马克·卡佩尔斯(Mark Karpeles)很可能会成为第一个因为挪用比特币而陨落的交易所掌门人 。
到个人的软件开发业务。
为此，Karpeles也被指控操纵Mt.gox（门头沟）的数据，破坏了比特币交易用户的信心。
卡佩尔斯曾于2015年8月因涉嫌操纵计算机交易系统并伪造数据被日本警方逮捕，2016年7月获得保释，但必须留在日本。
早在2017年7月，日本当地法庭就曾对其审讯。“我向上帝发誓，我并不感到内疚，” 他用日语读出一份准备好的声明，表示无辜。
根据当时的起诉书介绍，除了贪污客户资金之外，卡佩尔斯还操纵公司交易系统的数据来抹平账目。
在这次审判中，门头沟的一位债权人，软件经营商Kolin Burges曾发微博透露，卡佩尔斯承认使用机器人。因而，门头沟交易所也被怀疑使用“Willy机器人”在2013年操纵推高比特币的价格获利。

到个人的软件开发业务。
为此，Karpeles也被指控操纵Mt.gox（门头沟）的数据，破坏了比特币交易用户的信心。
卡佩尔斯曾于2015年8月因涉嫌操纵计算机交易系统并伪造数据被日本警方逮捕，2016年7月获得保释，但必须留在日本。
早在2017年7月，日本当地法庭就曾对其审讯。“我向上帝发誓，我并不感到内疚，” 他用日语读出一份准备好的声明，表示无辜。
根据当时的起诉书介绍，除了贪污客户资金之外，卡佩尔斯还操纵公司交易系统的数据来抹平账目。
在这次审判中，门头沟的一位债权人，软件经营商Kolin Burges曾发微博透露，卡佩尔斯承认使用机器人。因而，门头沟交易所也被怀疑使用“Willy机器人”在2013年操纵推高比特币的价格获利。
2014年2月，全球最大的比特币交易所Mt.Gox（门头沟）开始出现提现难的问题。持币者开始心生抱怨，情绪在各大社交网站持续发酵。
然而交易所的过失并没有因此逆转，直到门头沟交易所第三次暂停了比特币的提现业务，用户对交易平台的信任开始产生动摇，导致比特币价格大跌25%。
不要惊讶，“好戏”还在后面，就在两天后（2月10日），比特币价格忽然暴跌80%，提现问题依然没有得到解决。
而门头沟交易所却发表了声明，把交易故障、提现延迟的问题甩给了比特币交易挖矿软件和协议机制。面对这种情况，内行的比特币挖矿软件开发者看不过去了，立马反击。
上次的问题还没解决，15日，门头沟再一次暂停了账号间的交易业务和提现功能，声称要对系统进行升级。
就在用户们焦头烂额之际，一份据称是门头沟内部流出的文件给出了答案，该文件显示，门头沟交易所已经遗失了将近85万个比特币。
我们都知道这比特币一共2100万枚，785万枚占当时比特币流通总量的7%！
而就在这天下午，门头沟彻底将交易网站关闭了，也将众多用户的一丝希望彻底掐灭。
26日，门头沟收到了来自于纽约曼哈顿联邦法院的传票；28日，门头沟正式向日本法院提交了破产申请，并在文件中声明，共丢失了85万个比特币（10万个为公司持有），在当时的总价值约为4.75亿美元。
3月，门头沟宣称在一个旧钱包里面发现了20万个比特币，并将其离线保存，损失数量自此减少到65万个。
有黑客发现，卡佩尔斯曾经用一个Willy的账号，分多次一共购买了大概25万个比特币，基于这些理由，很多人认为门头沟是监守自盗。
对这一质疑，卡佩尔斯承认了这个操作，但声明并不是为了敛财，而是为了填补门头沟上的亏空。
门头沟事件之后，比特币遭遇了巨大的信任危机，币圈一片惨淡。比特币的价格也因此受到影响而大跌，直到一年多以后，比特币市场才逐步恢复元气。
而就在（2018年12月12日），检察官在东京地方法院声称，Karpeles将客户的资金挪做了私用，可能面临10年的刑期。
据媒体报道，在2013年9月到11月之间，卡佩尔斯将门头沟银行账户中的300万美元（约3.41亿日元，2066万人民币）挪到了自己的口袋，并投资到个人的软件开发业务。
为此，Karpeles也被指控操纵Mt.gox（门头沟）的数据，破坏了比特币交易用户的信心。
卡佩尔斯曾于2015年8月因涉嫌操纵计算机交易系统并伪造数据被日本警方逮捕，2016年7月获得保释，但必须留在日本。
早在2017年7月，日本当地法庭就曾对其审讯。“我向上帝发誓，我并不感到内疚，” 他用日语读出一份准备好的声明，表示无辜。
根据当时的起诉书介绍，除了贪污客户资金之外，卡佩尔斯还操纵公司交易系统的数据来抹平账目。
在这次审判中，门头沟的一位债权人，软件经营商Kolin Burges曾发微博透露，卡佩尔斯承认使用机器人。因而，门头沟交易所也被怀疑使用“Willy机器人”在2013年操纵推高比特币的价格获利。
2018年4月，声称遭到850,000比特币的攻击Mt.gox（门头沟）交易所正式清算破产。随后，卡尔佩斯为公司破产道歉，“我从未想过事情会以这种方式结束，而且我对所发生的一切以及它对所有参与者产生的所有影响感到非常抱歉。”
/3/
卡尔佩斯，1985年6月1日出生在法国舍诺夫，成长在法国东南部城市第戎，是一名地质学家的孩子。
早年，卡尔佩斯是一名软件开发人员，2009年移居日本并创办Tibanne公司。2011年，卡尔佩斯从Jed McCaled 手中买下了门头沟交易所，在其管理下，门头沟一度成为世界最大的比特币交易所，拥有全球七成的比特币交易量。
在门头沟交易所，用户可以通过现金账户用美元或其他外汇来购买比特币，然后存储在自己比特币账户中。
门头沟破产处理时间是漫长的三年，从2014年到2017年，比特币已经从400美元上涨到7000美元左右，翻了17倍，20万枚即将返回给债权人的比特币却是以2014年破产时期对等日元价值返回的，这其中必然存在巨大的价差。
一个叫布格斯的债权人计算，自己早年将自己的311个比特币存放在交易所，按照2014年比特币价格折算，他只能拿到13万美元，但实际他认为按照比特币后来的价值，应该拿到210万美元的比特币。
因而，卡尔佩斯必然成为日本债权人的公敌，被告上了法庭。
根据（起诉书），卡尔佩斯的公司Tibanne拥有88%Mt.gox（门头沟）交易所的股权。在破产处理期间，按照这种处理方法，门头沟交易所截取了价值9.77亿美元的比特币，而其中88%的收入是归卡尔佩斯所有。#美联储何时降息？ #比特币大会 #美国大选如何影响加密产业？ $BTC $ETH $BNB #ETH #BTC