Memecoins are great and fun. Actually, some of the top-performing assets of 2024 are memecoins. People are leaving the same old VC-bragging coins, which eventually get dumped on retail. Of course, memes can dump to -99% or sometimes even worse! 😂
But they are fun and addictive, and are actually making more people dig deeper into crypto investing. Though it will be an old-school debate whether it's good or bad, the importance of memes is undeniable.
With Solana-based memecoins issuer Pump.fun, crypto got a new meta – "Meme Issuance." The strategy was simple: give everyone access to create memecoins. And it was an instant hit. After that, every blockchain had its own meme launchpad. Tron Ecosystem has Sunpump, and BNB Chain recently announced Four.meme. But the clear winner here is DODO Meme Launchpad, which currently supports the creation of memecoins across 11 different chains.
✅ What is Meme Issuance?
Memecoin issuance refers to the process of creating and releasing a new memecoin—a cryptocurrency inspired by internet memes, jokes, or viral trends. Memecoins, like Dogecoin and Shiba Inu, are often created for humorous or speculative purposes, with a strong reliance on community engagement, internet culture, and social media.
Currently, there are many players offering meme issuance on their platforms. Most of them are chain-specific, like Sunpump and Four Meme, but the DODO Meme Launchpad is different. You can launch your memecoins with just a few clicks on 11 different chains and 16 mainnets. But how do they do it?
Dodo Memecoin issuance
Dodo, though itself a decentralized exchange, supports almost every chain. However, they are often known for their innovative ideas and unique approach to addressing problems. They offer a different liquidity solution called Proactive Market Maker(PMM) , where trading is more flexible for both traders and market makers.
Proactive market making helps both the market maker and the people buying or selling. It keeps things fair by reducing price swings, so people get a better deal. And because the market maker is always ready with the right amount of liquidity (or whatever's being traded), it makes the whole system more efficient.
Their newest Addition is Memecoin Launchpad/issuance. You can literally set up your memecoins in minutes without any coding or technical complexity.
✅ How it works ?
1. You can visit https://app.dodoex.io/erc20
Or, Go through the Launchpad option in their website dApp
2. Now you'll have a form open. Just Fill up the details as below - Enter the Token Parameters
• Token Symbol
• Total Supply: the total supply of your token
• Token Name: the name of your token
• Decimals
3. DODO supports on-chain token creations with the following special features: "Burn", "Trading Fees", and "Supply Increase".
All three special features are optional to the token creation process.
> If the Burn feature is enabled, a percentage of tokens will be sent to the burn address for each on-chain transfer
> If the trading fees feature is enabled, a percentage of tokens will be sent to the creator's address for each on-chain transfer
> The Supply Increase feature allows the creator to issue additional tokens after the token creation
4. Review your token parameters, and click “Create” → confirm in your wallet” → complete the token creation.
5. Fees : Dodo Offers a industry best Fees for Memecoins Creation.
> Ethereum - 0.02 ETH
> Binance Smart Chain - 0.05 BNB
> HECO - 0.5 HT
> Polygon - 1 MATIC
> Arbitrum - 0.002 ETH
> Moonriver - 0.05 MOVR
> Boba - 0.002 ETH
> OKChain - 0.1 OKT
> Aurora - 0.002 ETH
⏺️ How DODO Can Frontrun The Narrative?
It's very early to predict, but as of now, @DODO is doing quite impressive work. From supporting almost every big chain to providing immersive liquidity exposure, DODO is set to bring some change. Here’s how it can become the leader of the narrative.
DODO currently offers multichain memecoin issuance support, which means you can create your favorite memecoins on whichever chain you want. There are no restrictions, whereas the industry leaders are chain-specific.
The process itself is very simple and newbie-friendly, so even a non-coder can manage to deploy their coin without breaking a sweat.
Plus, there are no technical terms or complexities—the process is straightforward and simple.
Another plus point for DODO is the special features. You get features like "Burn," "Trading Fees," and "Supply Increase," which are a steal. With these, developers can deploy interesting tokenomics.
The biggest win for DODO is the fee. You can literally set up and launch your memecoin for as low as $0.40. Yes, it's probably way less than the average transaction fee on popular chains.
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The whole hype behind memes are legit and the Memecoin Launchpads are moving the things big time. There're numerous meme launchpad projects with different capabilities and features. And somehow DODO Shines in the competition. There're going to launch a specific sub-project for meme launchpad. Let's see how it goes.
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