Original | Odaily Planet Daily (@OdailyChina)

Author｜Nan Zhi (@Assassin_Malvo)

This afternoon, Nansen founder Alex Svanevik posted a post on the X platform with the content "$IQ @makenowmeme".

MakeNow.Meme mentioned in the post is a token launch platform similar to Pump.fun. Its biggest highlight is that it issues tokens directly through posting on the X platform. Alex’s move is to release a “test” token through the platform function. Odaily will interpret the platform’s functions and potential directions in this article.

Protocol Features

According to the official definition, MakeNow.Meme is a platform that "allows anyone to launch Meme tokens directly through tweets on X." In fact, the platform was launched on July 10, but it did not appear in the public eye until Alex tweeted.

The application of this platform is also very simple. Users first write the "$" symbol and the beginning of the token code in the tweet, then add the description of the token, and finally @makenowmeme. In addition to text, users can also attach pictures or videos as supplementary information.

In addition to the release process being different from traditional token launches, MakeNow.Meme has several important features:

  • Devs (deployers) do not need to pay for deploying tokens, as they are subsidized by the platform. Other platforms require devs to pay for gas, which is about 0.02 SOL. It costs 2-3 SOL to launch from the internal market to Raydium, which Pump.fun pays from the 85 SOL raised in the internal market. It is not yet clear whether MakeNow is the same.

  • You can’t have both the power of communication and low-priced chips. When users post on the X platform, they cannot get the bottom chips, but they can spread the token as quickly and as much as possible. In addition to posting on the X platform, MakeNow also supports on-site deployment like Pump.fun. At this time, the dev can choose to purchase the token first, and the purchase ratio can also be freely determined, but the dissemination of token information requires a second operation.

  • Bonding Curve may be steeper. The specific algorithm of Bonding Curve has not been announced by any platform, but according to community users, MakeNow's curve is steeper than Pump, which means that the profit multiples of early chips will be relatively higher. (Odaily Note: Bonding Curve is often translated as joint curve, which can be more accurately translated as price change function, which means that the price of tokens changes with the progress of the sales process.)

Where does this leave us?

A relatively fair launch method

One of the most widely criticized aspects of Pump.fun’s celebrity token issuance is that some celebrities choose to buy the tokens first and then publish the Pump.fun link on the X platform. Subsequent purchasers can only snap up the remaining tokens, which indicates serious insider trading and dumping.

By releasing through MakeNow, users and issuers are theoretically on the same starting line and can buy with greater confidence without worrying about insider trading. This may become the main way for subsequent celebrities to issue coins.

Feast for scientists

In the early days of Pump.fun and friend.tech, multiple Alpha communities developed a technology system for big V monitoring, which was much faster than regular users in terms of information acquisition speed. MakeNow also has this problem. Although users and issuers are on the same starting line in theory, if the platform successfully occupies a certain market position, the early chips will be acquired by robots, and the possibility of ordinary users taking over is likely to appear again.

in conclusion

Previously, the author analyzed in the article "Fairness or Multiples? Understanding Pump's Dominance from the Copycat Platform Promoted by the Founder of Whales Market" that what Meme users need most is "the purest and most profitable casino". MakeNow has eliminated Dev's bottom chips, which has improved the money-making effect to a certain extent, and retained the core casino content of Pump.fun, which may have the potential to gain market share in specific aspects.