Solana on-chain popular memes issuance trading platform

In January 2024, a platform focusing on the fair issuance of Solana on-chain memes quickly emerged, triggering a new wave of meme coin frenzy. After its launch, the platform rapidly became a phenomenon in the community, becoming a standout product in this cycle.

Data shows that the platform has accumulated over $200 million in revenue. During some peak periods, the platform's daily revenue can reach several million dollars, at one point surpassing a well-known DEX to become the fourth largest protocol among all blockchain networks.

The key to the success of this project lies in the youth and innovation of the team. The team members are all very young, and their CTO hasn't even attended university; the highest level of education is high school, but the technical skills are very strong. This allows them to view problems in different ways and have a keen intuition for the product.

The platform focuses on fair issuance, with no pre-sale and no team allocation. It adopts a joint curve pricing model, directly using a function curve to achieve price changes. In this model, there is a positive exponential relationship between the token price and the number of tokens, meaning that the higher the token price, the more tokens are released.

The entire process can be divided into the fundraising stage before the listing and the trading stage after the listing. Users can issue coins with just one click, creating a token at a very low cost. When the market value reaches $100,000, the token will be listed for trading on a certain DEX.

Recently, the platform's live streaming feature has become extremely popular. The live content is varied, including those that engage in erotic live streaming, those that lock up grandmothers until a certain market value is reached to let them out, and those that continuously hype while sitting on the toilet; it can be said that they are leaving no stone unturned.

The model of "meme coins + live streaming = attention economy" creates a new type of economic model in the cryptocurrency ecosystem. Live streaming provides instant promotion and real-time marketing opportunities for meme coins, making the issuance and trading of tokens more social and entertaining.

However, this model also carries risks. Due to the platform's weak constraints, it may catalyze more abstract and less grounded behaviors. The platform needs to find a balance between attracting user attention and maintaining a healthy, compliant ecosystem.

Overall, the platform is very innovative in its product mechanism design, meeting the market demand for memes issuance and speculation. It has become more than just a phenomenal product in the crypto industry and is continuously gaining popularity beyond its original scope. Although memes are considered gambling and pure speculation, they may also cater to the most primitive desires and needs of human nature, representing a unique embodiment of crypto culture and decentralized culture.