Memecoin Creation Platform Boost: Justin Sun’s Bold Bet

Key points:

• Sun.io, the DeFi platform associated with Tron founder Justin Sun, has released a token generator dubbed SunPump.
• The new platform will rival Solana’s pump.fun token generator.
• $10 million has been set aside to provide resources to newly issued tokens, and a review process has been put in place to avoid rug pulls.

Sun.io’s SunPump Memecoin Creation Platform lets users create memecoins on Tron, rivaling Solana’s pump.fun, with safety vetting and incentives for new tokens.​

SunPump: A New Memecoin Creation Platform on Tron

Sun.io, the DeFi protocol affiliated with Tron founder Justin Sun, has launched SunPump, a Memecoin Creation Platform on the Tron blockchain. The platform is set to compete with Solana’s pump.fun, where transaction fees recently spiked to $5.3 million in 24 hours.

Despite their joke origins, memecoins like SHIBA and PEPE have reached multi-billion dollar market caps. SunPump aims to prevent rug pulls by thoroughly vetting creators and projects before launching.

Read More: TRON’s Q2 Performance: Transaction Growth Soars 29%, But TVL Falls

SunPump’s Unique Features and Incentives

Sun has highlighted the difference between SunPump and its competitors, with a partnership with Poloniex allowing projects with $1 million in daily trading volume over three days to be listed.

Tron and SunPump have also created a $10 million Meme Ecosystem Boost Incentive Program to support new tokens launching on the platform, further increasing the appeal of the Memecoin Generation Platform.