Within the fast-paced world of meme cash, a brand new contender has entered the world. DEX Screener, the favored information aggregator for decentralized exchanges, has simply debuted its personal token launchpad referred to as Moonshot.
And in true meme coin trend, the Pump.enjoyable competitor is already making waves.
Launched on Monday, Moonshot is a Solana-based platform that enables anybody to create and launch their very own meme coin with minimal effort. Customers can mint a token with a set provide of 1 billion, and as soon as traders pour in 500 SOL (about $64,000 at present costs), a liquidity pool is mechanically created on the Raydium DEX.
The platform is launching throughout a fallow interval for Solana meme cash. The Solana meme coin class is down practically 30% prior to now week and sank together with the remainder of the crypto market on Monday. However it’s now 18% greater than it was this time yesterday, in keeping with CoinGecko.
However what units Moonshot aside is its concentrate on safety and transparency. DEX Screener says that its launchpad ensures that every one sensible contracts launched on the platform are absolutely audited.
Only a day after its launch, Moonshot has seen an astounding 7,000 tokens created on its platform—up from a few hundred tokens proper after its launch yesterday.
After all, not all of those tokens are destined for the moon. Out of the 7,000 tokens, solely 27 have reached the five hundred SOL threshold to get their liquidity pool on Raydium. And of these, solely a handful have seen constructive value motion.
In case it wasn’t clear, we’re simply getting began and there is a *lot* extra to come back! pic.twitter.com/tg6wZtDHSo
— DEX Screener (@dexscreener) June 24, 2024
However that is not deterring the Moonshot devoted. The platform’s trending feed, which ranks tokens by how shut they’re to reaching the liquidity purpose, has gained recognition rapidly.
Some early winners on Moonshot embody acquainted faces like Pepe (PEPE), up 8% within the final hour, in addition to newcomers Stan (STAN), Lengthy Horse (LONGHORSE), and Dex Mascot (EAGLE).
However Moonshot is not simply concerning the memes.
DEX Screener has highlighted that its platform doesn’t permit pre-sales or insider allocations, making certain a good launch for all. As soon as a token hits the five hundred SOL market cap, Moonshot mechanically burns 150-200 million tokens, making a deflationary impact that would enhance worth over time.
Moonshot additionally locks all liquidity by burning the LP tokens, offering an additional layer of safety for traders. And with plans for frequent, verifiable audits, the platform goals to create a safe and reliable ecosystem for meme coin fans.
It is essential to notice that DEX Screener has cautioned customers that Moonshot doesn’t have any official Twitter accounts, and to be cautious of scammers making an attempt to reap the benefits of the platform’s recognition. And as is customary with any meme coin: Do your personal analysis and double-check sources earlier than interacting with any crypto undertaking, particularly within the wild world of meme cash.
Edited by Stacy Elliott.
