đ±đ„A rival is coming to Pump.fun: Justin Sun has made a big splash!
DeFi platform Sunio, associated with #Tron founder #JustinSun , has released a token generation platform called SunPump.
Decentralized finance (DeFi) protocol Sun.io has announced a SunPump that allows users to create memecoins on the Tron blockchain. The platform rivals Pump.fun, which has a total of 5.3 million people in 24 hours of transaction costs this week. Memecoins, while usually mined for entertainment purposes, have become a significant part of the recent crypto market. Several memecoins, including SHIBA, PEPE, WIF, and FLOKI, have surpassed 1 billion in market cap.
Justin Sun is trying different moves to stand out from the competition One of his main criticisms of platforms like Pump.fun is that a large portion of token generators are pulling the rug.
âWe are expanding our scrutiny to come out of this, implementing community moderation, and are committed to promoting transparency to ensure distribution and trust by our users,â Sun said in an interview. âSunPump helps ensure that creators and schemes meet certain standards of integrity by vetting them in some way before they are allowed to issue tokens on the platform,â he added.
When asked what sets Pump.fun apart from SunPump, Sun said that through the partnership with Poloniex, it will be eligible to be listed on the platform by maintaining a daily trading volume of 1 million rooms for three days. Tron and SunPump are also raising $10 million through the Meme Ecosystem Boost Incentive Program to fund newly launched tokens.
