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Singapore, August 13, 2024 – translationTRON's leading DeFi platform, Sun Pump The beta version is the first dedicated platform for the fair launch and trading of meme coins. SunPump offers creators a low-cost way to launch their own meme coins in a safe and user-friendly environment. This innovative platform will increase user engagement and foster a more autonomous trading experience.
SunPump is user-friendly, fair and accountable. The operational mechanism streamlines token issuance and trading, allowing users to easily browse and select their preferred meme coins on the platform. The collaborative curve pricing mechanism provides direct and transparent access to token purchases. SunPump also offers flexible trading options, allowing users to sell tokens at any time.
SunPump implements a liquidity and burning mechanism designed to maintain market integrity and encourage community engagement: when the market cap of a meme coin reaches a predefined threshold, the corresponding liquidity will be automatically deposited into SunSwap V2 and subsequently burned.
Key features:
One-click token generation: Users can easily create their own meme coin by simply entering a token name and symbol, uploading an image, and paying a small fee – this streamlined process significantly reduces the barrier to entry.Bonding Curve Mechanism: The platform employs a collaborative curve pricing model that adjusts prices based on token supply, ensuring fairness and transparency. This approach reflects SunPump's commitment to creating a level trading environment.Instant Market Access: Newly minted tokens are immediately listed on the SunPump platform and can be seamlessly bought and sold by users. This approach ensures liquidity and convenience, allowing for fast and seamless market entry.Liquidity and Token Burn: When a token's market cap meets a certain threshold, SunPump will automatically inject a pre-defined amount of liquidity into SunSwap and perform a token burn, a mechanism that helps maintain the balance between supply and demand in the market.Transparency: All transactions on SunPump are public and users can monitor activity and transaction history. It is important to note that users are ultimately responsible for their trading decisions.
To make it even easier to participate, SunPump has introduced a gas fee reduction program, which will reduce gas fees by 99% for token launches, trading, and other related activities on the platform, particularly activities such as the memecoin and TRX trading pairs that will add liquidity to SunSwap post-launch.
TRON provides an ideal environment for the development of meme coins. TRON's fast transaction speeds and low fees have earned it widespread recognition in the market, attracting over 2 million daily active users. As of August 2024, TRON-based USDT issuance has exceeded $60.8 billion, accounting for 53% of all issued USDT. This abundant liquidity improves trading efficiency and provides funding support to innovative projects.
The launch of SunPump marks a major step forward for the TRON ecosystem. SunPump provides a fair and secure trading platform combined with a variety of user-friendly features. With growing community engagement, SunPump will become a major player in the meme coin market, injecting new vitality and momentum into the continued evolution of the TRON ecosystem.
SUN.io is the first decentralized autonomous platform on the TRON network, featuring stablecoin trading, comprehensive token exchange, and liquidity mining functions. As a cornerstone of the TRON ecosystem, SUN.io is dedicated to optimizing users' trading liquidity and asset returns. The platform allows participants to stake SUN tokens to earn veSUN and receive a series of exclusive benefits, including enhanced rewards and voting rights in the platform's governance.
Media Contact
Karina Wang
(email address protected)
About Sunpump
SunPump is a groundbreaking platform on the TRON blockchain, specifically designed to revolutionize the creation and trading of meme coins. By prioritizing simplicity, affordability, and fairness, SunPump eliminates traditional barriers in the token issuance process, such as the need for pre-sales and team allocations, fostering a transparent environment for all participants. This user-centric approach makes it easy for anyone to issue and trade meme coins, democratizing access to this vibrant market.
Media Contact
Karina Wang
(email address protected)
