GraFun Expands to TON Network to Enable Memecoin Creation Right in Telegram

Memecoin issuance platform GraFun is immediately increasing to the TON Community, the third blockchain after Ethereum and BNB Chain, in an effort to achieve a brand new viewers.

Increasing to TON might assist GraFun attain newer audiences, faucet larger liquidity for meme releases, and enhance the platform’s visibility amongst crypto merchants.

“Creating and buying and selling memecoins instantly in Telegram, one of the vital in style messaging apps on the planet, is nearly right here,” a GraFun developer advised CoinDesk by way of a Telegram message. “After launching 14,000 memecoins and producing over $450 million in buying and selling quantity on BNB Chain, GraFun now makes creating memecoins simple and quick inside Telegram.”

Primarily based on the blockchain, TON owns greater than $350 million in consumer property throughout platforms, information exhibits.

A supply near the staff shared plans for a GraFun token sooner or later primarily based on consumer exercise in a message to CoinDesk, though GraFun builders neither confirmed nor denied the plans.

GraFun uniquely provides a ‘Truthful Curve’ mannequin that builders say minimizes rug-pull dangers, reduces value manipulation, and ensures fairer token issuances that end in fewer customers shedding cash. Memecoin large Floki owns greater than 40% of GraFun, and different backers embody DWF Labs.

The preferred examples of memecoin launchpads utilizing a “Truthful Curve” mannequin are Pump on Solana – which pioneered such a mannequin – and Tron’s Solar Pump.