When GraFun launches on BNB Chain, it brings in 3.82 million pre-registered users and adds a “Fair Curve” feature to stop bots and help the network grow.
GraFun, an emerging meme coin launchpad on the BNB Chain, has achieved significant initial success since its launch on Friday, September 27, at noon UTC. Before the launch, more than 3.82 million users had registered on-chain, and more than 300,000 had already funded their wallets, indicating a significant level of interest in the platform. This launch represents GraFun’s strategic entry into the meme coin sector, with the objective of resolving enduring issues such as market manipulation and transparency.
GraFun deviates from traditional bonding curve models, which can result in price distortion and short-lived speculative trading. Instead, it implements a “Fair Curve” mechanism that is designed to discourage bot activity and promote consistent growth for meme coins.
Furthermore, a Contribution Fee, which commences at 60% and decreases as sales increase, guarantees equitable opportunities for all investors, particularly those who joined later, and fosters long-term engagement.
The stability of GraFun is stimulated by its partnership with DWF Labs
GraFun has formed a partnership with DWF Labs. This renowned Web3 investment firm is famous for its market-making expertise in mitigating market fluctuations and providing liquidity for its token launches. DWF Labs ranked #18 on Dropstab’s list of top investors, significantly enhancing GraFun’s appeal to project creators and investors by bringing significant influence and credibility.
In the crypto space, GraFun’s Fair Curve model was commended by Andrey Grachev, Managing Partner at DWF Labs, for its emphasis on sustainability and transparency.
“We are excited to partner with GraFun to support the next generation of meme coin projects on BNB Chain. Together, we aim to empower emerging projects and provide them with the liquidity and support they need to succeed,” said Andrey Grachev.
Nevertheless, Andrey Grachev also suggested that DWF was involved in GraFun, referring to the partnership as “like the right hand shaking the left” in a humorous manner. In addition to its partnership with GraFun, DWF Labs also supports Justin Sun’s SunPump on the Tron network, while GraFun operates on the BNB Chain. This demonstrates DWF’s ability to operate across a variety of blockchains.
GraFun has experienced rapid growth, with 2 million on-chain registrations in just two weeks, including 1 million waitlist sign-ups within three days. GraFun has solidified its position as a significant player in the current BNB Chain meme coin surge through its partnerships with Floki, a prominent meme coin, DeXe, a top-3 BNB Chain dApp by TVL, and HOT Protocol, a rapidly expanding on-chain app.
The objective of DWF Labs is to stabilize new token launches through strategic market-making efforts, in addition to providing liquidity support. This method, in conjunction with GraFun’s Fair Curve model, is expected to enhance the stability and transparency of the meme coin market. BigGra, a representative of GraFun, demonstrates the significance of the partnership for both GraFun and the broader meme coin community.
GraFun is fueled by community-driven governance
GraFun directs Contribution Fees into a decentralized treasury that token holders manage through a Decentralized Autonomous Organization (DAO). This system empowers the community by permitting members to vote on critical decisions. These decisions encompass the distribution of funds for marketing, development, and liquidity.
GraFun is a distinctive platform due to its innovative approach to token launch mechanics and governance. The DAO structure guarantees that token holders can control the platform’s direction, thereby reducing speculative trading and fostering long-term engagement. Further incentives for active governance engagement are provided by integrating GraFun with the DeXe Protocol.
GraFun and its partners are poised to revolutionize how meme coins are launched and traded as the platform garners more attention, providing a more equitable and transparent system for all participants. GraFun is poised to revolutionize the future of meme coins on the BNB Chain, with the support of major players such as DWF Labs and over 3.8 million pre-registrations.