Meme Coin Rising Star Ignites Nationwide Coin Issuance Craze, Analyzing Fairness and Potential Risks

Meme and internet culture have long played an important role in the cryptocurrency market. However, due to the high-risk nature of meme coins, most investors find it difficult to profit from them and are instead prone to significant losses. This has made value investing in the meme market unreliable, with excessive speculative trading.

Nevertheless, the traffic attribute that Meme brings has become an indispensable part of the development of public chains. Therefore, how to maintain the fairness of the Meme market has become an important topic in this round of bull market. As the largest Meme launching platform in the Solana ecosystem, a certain platform has recently attracted widespread attention in the market. This platform continues the fair narrative and supports users to deploy and issue tokens at a very low cost without any development experience. Since its launch in January this year, the platform has issued more than 460,000 tokens, leading the Meme coin track into a new phase of "public issuance of coins."

01, Introduction to Emerging Platforms

This emerging platform is a coin issuance tool and community platform focused on Meme coins. It was launched on Solana in January 2024 and shortly after going live on the mainnet, it added support for Ethereum L2 Blast. By simplifying the coin issuance process and lowering the technical barriers, the platform provides users with a simple and low-cost way to deploy and issue tokens. Users only need to pay a small fee and can easily use the platform without any development experience.

The simplified and low-cost features of this platform have made it rapidly popular and achieved significant success in a short period. In the past 10 days, the platform's trading volume has shown a parabolic growth trend, creating a total revenue increase of nearly 50%. Currently, the platform's daily earnings still remain above $450,000, with no signs of decline.

issue coin process

Users can choose to use Blast or Solana. The startup process is very simple; just click "Start a New Coin" and enter the name, code, description, and brand image, and pay a small fee to initiate the token's "fundraising" issuance process. The entire process requires very little expertise and can be operated by ordinary people.

After creating a new coin, the token will launch along the joint curve on the platform. The joint curve is a mathematical curve that determines the token price based on supply. As more tokens are purchased, the price usually increases. Anyone can buy and sell on the platform, and when the total market value of the tokens reaches a certain level, the liquidity of the joint curve will be deposited into a certain DEX and burned.

Once the liquidity of the coin is deposited and burned, users can purchase more liquidity through a certain DEX or through their preferred Telegram bot and web application terminal. At this point, the new coins issued by the platform look like any other coin, and the issuance process is complete.

issue coin features

1. Extremely low issue coin cost: Anyone can deploy their own Meme coin for less than $2.

2. No need to seed liquidity: The platform does not require a large amount of liquidity to be seeded for newly issued tokens; the system will automatically establish an initial liquidity pool on the DEX (approximately $60,000).

3. Automated Process: Once the market value of the new token reaches $60,000, the system will automatically inject all buying funds into the liquidity pool and launch trading on a certain DEX.

4. Waiver of Coin Issuance Rights: The creator waives the coin issuance rights upon deploying the token, and all coins are fully issued at the time of creation.

5. Fair Distribution: Since the creator cannot reserve coins, all coins enter the public market upon creation, with no hidden wallets.

6. High risk, high return: The prices of Meme tokens on the platform are highly volatile, with serious PUMP&DUMP phenomena. The risks are high, but there is also the potential for high returns.

02. The Reasons Why the Platform Has Taken the Internet by Storm

With the rapid increase in interest in internet culture and Meme coins, many investors are eager to launch their own tokens, but often lack the technical knowledge required to create a good token. For a long time, the issuance of Meme tokens has been monopolized by institutions with professional technical knowledge and strong capital, making it difficult for ordinary users to participate.

In addition, frequent issues in the Meme market such as insider trading, RUG pulls, and scientists jumping the gun have made the entire market unfriendly to ordinary investors. Recently, the "Meme Pre-sale Fever" model popularized by a certain project became a new means of harvesting retail investors just one week later. Currently, most pre-sale projects on the market have experienced RUG phenomena, for example, a public chain fundraising project raised about $4.8 million, after which the founder transferred a large amount of funds away, and the project's token only saw a slight increase at launch before entering a full-blown sell-off phase.

The lack of transparency and fairness has filled the Meme market with various risks. However, the hundredfold wealth code keeps investors and the community enthusiastic about Meme coins. In order to maintain the prosperous development of the market, there is an urgent need for a Meme issue coin platform that focuses more on fairness. This emerging platform happens to meet the needs of Meme enthusiasts.

In terms of fairness, the platform meets the needs of ordinary investors to enter the market through extremely low issuance costs, while simplifying the entire issuance process by productizing Meme, making the issuance process more open and transparent.

The creator automatically gave up the minting rights when deploying the token, which also means that the platform's token will have no nominal project party and administrators, thus avoiding the RUG problem caused by super permissions.

Secondly, the platform enhances fairness by eliminating the creator's intervention in the issue coin process. The liquidity on the platform is artificially created and operates on the retained joint curve. Once the token is launched on a certain DEX, the liquidity will automatically burn, thus locking the AMM liquidity. This means that even as a project creator, one cannot stop the progress of this process.

In addition, compared to traditional issue coin platforms, this platform is not only more equitable in its issue coin model but also integrates issue coin with social attributes, which is a significant innovation. When creating a token, in addition to the token's name, an image and a description must also be provided, along with a comment function. This gives it the ability to quickly and intuitively disseminate the backstory and style. Furthermore, the platform has set up a function similar to a message board, where users can leave messages and communicate with each other.

Due to its fair and transparent nature along with social attributes, the platform has become a sensation in the entire crypto industry, becoming the most popular Memecoin platform in the Solana ecosystem in less than three months since its launch. According to data from a certain data platform, the total transaction fees on the platform have exceeded 3 million USD in the past seven days. Notably, the platform set a historical record on May 7, with daily transaction fees exceeding 752,000 USD, making it the highest-earning application in the Solana ecosystem.

03, Fairness and Risks Coexist

The initial concept of the platform was to maintain fairness in the Meme market. As a new project, it has indeed achieved a level of fairness and transparency greater than traditional platforms, but in the crypto industry, where profits are higher, the risks are also greater. Some of the platform's rules have been exploited by unscrupulous individuals, becoming tools for harvesting others.

The platform has lowered the threshold for issuing coins, allowing ordinary investors to participate in the coin issuance market, resulting in over 10,000 coins being issued daily, the vast majority of which are junk coins. For investors, finding valuable coins with potential among numerous junk coins is not easy, as the information available for reference is very limited, and they can only rely on the project's social information, such as message boards or token information, to assess their quality.

Unfortunately, this social information can be easily forged. Ordinary investors are often more likely to believe and buy tokens when they see ones created or followed by well-known figures. However, they may not realize that these well-known figures might be fabricated by someone using a high-follower account, creating a false impression of high attention. These individuals buy a large amount of bottom chips early in the token's life, then quickly sell off when users are blinded by the illusion of high attention. Similarly, some well-known figures may also use their influence to create new tokens, and then quickly realize the monetization of their influence through extreme price curves.

For example: a certain token is the first deployed Meme token on the platform, created by the development team. Early buyers used tools to purchase nearly 50% of the supply, resulting in a sharp price increase. However, subsequent holders started to sell off, causing the token's price to significantly decline, leading to many latecomer retail investors being harvested. There is another token that had already increased tenfold within the first 15 minutes of opening, but then also experienced severe PUMP&DUMP phenomena, leading to a price crash.

The fairness of the platform allows every user to have the opportunity to place bets at the table. However, the risk is too high; if users bet correctly, they could multiply their investment by hundreds of times in less than a day, but if they bet incorrectly, they could become targets for being harvested. Compared to Meme issue coin platforms, this platform feels more like a gambling platform. Even professional poker player Tom Dwan mentioned this platform on social media, implying his interest in its gambling entertainment.

04, The National Coin Issuance Craze

The popularity of the platform has also driven a nationwide trend of issuing coins. In the past two weeks, the Solana network has averaged 14,000 new tokens issued per day, the vast majority of which come from this platform. The platform has created 10,000 Meme coins daily for six consecutive days, demonstrating its immense potential in the Meme market. Moreover, the Base chain has also launched over 2,000 trading pairs for several consecutive days. The explosive popularity of one-click coin issuance tools, represented by this platform, indicates that the Meme coin sector is about to enter a new phase of "national coin issuance." Currently, in addition to this platform, there are several other popular Meme coin issuance platforms.

We.rich

We.Rich is a UGA (User Generated Asset) platform that allows anyone to launch Meme tokens without LP (liquidity pool) with just one click. Based on certain platforms, We.Rich has added more features and optimized the user interface. For example, it maintains a very low token price during the initial fair issuance phase and has a limited Mint function. However, We.Rich has shortcomings in asset information and lacks social attributes. Despite its issuance volume and active users still having a significant gap compared to certain platforms, the emergence of this project adds a new competitor to the Meme coin battlefield for the Base chain, which also has a large Meme market.

Rug.fun

Rug.fun is another meme coin issuance platform on the Base chain, which is somewhat similar to a certain platform in terms of model, allowing anyone to issue coins on this platform. However, in terms of rules, Rug.fun is more aggressive and has a stronger gambling nature compared to a certain platform.

The issuing rules of Rug.fun are divided into two phases. The first phase is to create the coin, and anyone can create a coin within a period lasting 12 hours. After the deadline, only the top 10 coins with high liquidity enter the second phase, while the eliminated coins will refund the purchase funds. The second phase is a competition among the top 10 coins.