GraFun, a new memecoin launchpad on BNB Chain, has officially launched its platform. The project has gained impressive traction, gathering over 3.8 million on-chain registrations. Over 300,000 users have funded their wallets, indicating intense anticipation for this new offering.

This newly launched memecoin launchpad has gained the trust of the crypto community with such a huge number of pre-registrations around 3.8M and 300K+ funding wallets support its cause even before the launch.

GraFun’s Memecoin Launchpad Backed by Leading Crypto Investors

The project enjoys support from web3 investors. Floki, a leading memecoin, DWF Labs, a next-gen liquidity partner, and DeXe, ranked among the top three decentralized applications by total value locked (TVL) on BNB Chain. Additionally, HOT Protocol, known for its rapid growth with 20 million users, is backing GraFun.

How Does This Memecoin Launchpad Work?

Traditional memecoin launchpads often use a bonding curve model that benefits early adopters, leading to unstable prices and market manipulation. GraFun addresses these issues with its innovative Fair Curve mechanism. This model promotes sustainable growth by minimizing pump-and-dump schemes and reducing volatility.

GraFun’s approach begins with the classic Automated Market Maker (AMM) formula. Users face a high Contribution Fee, which decreases as tokens are sold. This system guarantees that early buyers get the lowest prices while also helping later buyers by lowering their fees to zero by the end of the sale.

One unique aspect of the Contribution Fee is its allocation. These fees contribute to a Decentralized Autonomous Organization (DAO) Treasury. After 80% of the tokens are sold, the project transitions to PancakeSwap, and token holders become DAO members, gaining governance rights over the Treasury through the DeXe Protocol.

Enhancing Long-Term Investment

This structure discourages quick profit schemes. Early investors may benefit from lower prices but must wait for more buyers to enter before realizing profits. The mechanism fosters a more stable price trajectory, attracting long-term investors.

The DAO enables every token holder to vote on Treasury allocations. This decentralized governance model contrasts with traditional launchpads, offering a collaborative approach. The Treasury can support various initiatives, including liquidity, marketing, and development grants. Additionally, on-chain voting rewards motivate participation, with users earning 1% for each vote.