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GraFun Expands to TON Network to Enable Memecoin Creation Right in Telegram
Updated Dec 4, 2024, 3:03 p.m. Published Dec 4, 2024, 12:00 p.m.
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What to know:
- Memecoin issuance platform GraFun is expanding today to the TON Network, the third blockchain after Ethereum and BNB Chain.
- A source close to the team shared plans for a GraFun token in the future based on user activity in a message to CoinDesk.
Memecoin issuance platform GraFun is expanding today to the TON Network, the third blockchain after Ethereum and BNB Chain, in a bid to capture newer audiences.
Expanding to TON could help GraFun capture newer audiences, tap into higher liquidity for meme issuances and increase the platform’s visibility among crypto traders.
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“Creating and trading memecoins directly inside Telegram, one of the most popular messaging apps in the world, is almost here,” a GraFun developer told CoinDesk over Telegram message. “After launching 14k memecoins and generating more than $450M in trading volume on BNB Chain, GraFun is now making memecoin creation simple and fast inside Telegram.”
TON holds over $350 million worth of user assets across various platforms based on the blockchain, data shows.
A source close to the team shared plans for a GraFun token in the future based on user activity in a message to CoinDesk, although GraFun developers neither confirmed nor denied plans.
GraFun uniquely offers a “Fair Curve” model that developers say minimizes rug-pull risks, reduces price manipulation and ensures fairer token issuances that result in fewer users losing money. Memecoin behemoth Floki owns over 40% of GraFun, and other backers include DWF Labs.
The most popular examples of memecoin launchpads that use a “Fair Curve” model are Pump on Solana - which pioneered such a model - and Tron’s Sun Pump.
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