GraFun: everything you need to know to create meme coins on the BNB Chain
2024 has become the year of meme coins and related services, in particular, thanks to convenient platforms for creating and trading these tokens, the basis for which was laid by pump.fun. Pump.fun is a Solana-based platform that allows users to create and trade tokens, including meme coins.
GraFun is a next-generation innovative meme coin launchpad, based on BNB Chain. After the project was announced, it had already gathered more than 3.8 million pre-registrations, with over 300,000 users having funded their wallets in anticipation of the launch. The site was officially launched on September 27, 2024. The very next day, the team noted that more than 1,700 tokens had been launched on the platform.
In this article, we will analyze how GraFun works, how it differs from competitors, and how to use the service to launch, buy, and sell meme coins.
What is GraFun?
GraFun is a service for launching and trading meme tokens on the BNB Chain network. BNB Chain is the former blockchain of Binance (BSC), now decentralized.
Like other similar platforms in this segment, GraFun makes it easy to launch your own meme asset and trade tokens of other users. At the same time, the platform guarantees an honest launch without presales and preliminary distributions between the team to prevent fraud on the part of developers.
The service charges a commission of 0.0005 BNB and 1% (but not less than 0.0005 BNB) for the launch of the token from the amount of each trade transaction.
KEY FEATURES:
Fraud protection: the platform has implemented mechanisms to prevent rug pulls, ensuring honest meme coin launches.
Community orientation: the more active users are, the more benefits they receive.
Integration with Binance Smart Chain: GraFun provides convenient work for developers and investors.
Transparency and trust: GraFun creates a reliable environment for trading meme coins.
The standard trading system on the GraFun platform is somewhat more complicated than that of competitors as the total supply of the asset is 1 billion tokens. 80% are available for trading, and another 20% are reserved to provide liquidity when transferring to an external platform. To initiate the curve, GraFun also provides virtual collateral of 7,75 vBNB.
When the capitalization of meme coin reaches 38.75 BNB (31 BNB of trading transactions and 7.75 vBNB of virtual liquidity), the service transfers 30 BNB and ~15.5% of the reserved 20% tokens to the pool on PancakeSwap. At the same time, virtual liquidity is burned, and with it 4.5% of the blocked tokens as a fee for this service. Another 1 BNB is used to pay for migration to PancakeSwap.
Features of GraFun: Fair Curve and DAO
The new GraFun launchpad is supported by Floki, DWF Labs, DeXe Protocol, and HOT Protocol. Basic information is available through a Telegram bot, where users can receive tokens for completing tasks. Cooperation with HOT Wallet and DWF Labs, according to the developers, should increase the liquidity and stability of tokens in the market.
The project uses two token launch models: the classic Bonding Curve and the innovative Fair Curve, created to minimize the risks of rug-pull, and price manipulation, with the aim of ensuring truly fair launches. Fair Curve reduces the risks of manipulation and fraud by offering participants a fair and progressive asset allocation model. Most of the tokens will be sold with a subsequent listing on PancakeSwap.
This mechanism assumes that participants in the token sale unite into a decentralized autonomous organization (DAO) and can share the benefits after reaching the liquidity threshold and listing the token.
Fair Curve sets an additional purchase fee, which is charged in favor of the DAO Treasury. The amount of this commission is inversely proportional to the binding curve, that is, the lower the price, the higher the fee. This mechanism was created in order to prevent the collapse of prices by early buyers, including bots, and so far, none of the competitive platforms has a similar feature.
After the meme coin is transferred to PancakeSwap, trading on GraFun is closed, and a project DAO is automatically created on the DeXe Protocol platform. It manages the treasury, which consists of the above-mentioned commissions and contributions from participants. This resource can be used to reward users and develop the community.
If the capitalization of the token when using Fair Curve does not reach 31 BNB in the time set at the time of creation of the line, then participants can redeem their BNB back.
In fact, through Fair Curve, the GraFun platform uses economic incentives to form a community around the asset and also provides developers and participants with basic tools for project management.
How to launch a meme token using GraFun
The process of launching a meme token on GraFun is similar to other services and includes the following steps:
1. Connect the wallet on the platform's website using the Connect Wallet button in the upper right corner. Select the desired client and follow the instructions below.
2. Next, click on the Launch Token button, and specify the main data of the asset - image, name, ticker, and others. You also need to choose a bidding model - a regular binding curve, or a Fair Curve. Optionally, you can set the maximum percentage of the offer that one user can redeem.
After filling in the data, click on the Launch Token button and pay a launch fee of 0.0005 BNB to make the token available for trading on the platform.
How to buy or sell a meme asset on GraFun
To make trade deals on the GraFun platform, you need to:
1. Connect the wallet on the platform's website, as described in the previous section.
2. The main page of the service displays the tokens available for trading. They can be filtered by categories such as Trending, New, and Top Market Cap. There is also a separate filter for assets migrated to PancakeSwap.
3. Click on the asset icon to go to its page. The GraFun trading interface displays quotes, as well as the trading history and the largest owners of the token.
To buy or sell a token, it is enough to specify the transaction amount and select the Buy or Sell option. After the transaction is confirmed, the corresponding amount of meme coins will be credited or debited from the connected wallet.
Advantages and disadvantages of GraFun
Among the main advantages of the GraFun platform are:
The new Fair Curve trading model, which allows you to form a community around the token;
A simple tool for creating your meme coin, which only requires filling in the basic data and choosing a launch mechanism;
Automatic creation of a DAO after listing the token on PancakeSwap, as well as providing the basic infrastructure for joint project management;
GraFun rewards program, which allows you to earn GRA points for completing tasks like inviting friends, trading, launching tokens, and social media activity. According to the developers, in the future, these points can be exchanged for tokens, airdrops, and other prizes.
However, it is worth remembering that any platform or web service is vulnerable to hacking, which can potentially lead to the loss of user assets. At the time of the writing, GraFun still has not published a security audit report, so it is impossible to understand how securely the funds and personal data of traders are protected.
In addition, do not forget about the volatility of meme coins and the associated risks for investors. Even though GraFun is trying to limit fraud on the part of the team and early buyers, the possibility of price collapses and manipulation cannot be completely excluded.
$GRA Tokens
GraFun is a promising project, a platform for launching meme tokens, which will have its token.
GRA - a DeFi token on the Solana blockchain. Token $GRA will be launched by DWF labs - the most famous controversial emerging market maker, operating with its own unique “venture capital + market making + incubation” model. DWF Labs joined forces with GraFun to support tokens launched on the GraFun platform while boosting their liquidity. The main goal of such collaboration is to foster a more transparent and vibrant meme coin ecosystem.
As mentioned before, the project cooperates with HOT Wallet, which is stated as support for its development. To earn tokens, users must complete several tasks, such as connecting a wallet and subscribing to social networks. For completing simple tasks, users will get 300 GRA, also for adding Gra-Gra in the name settings, users will get 500 more tokens.
How to start?
Click on the link to perform tasks on social networks, check and collect your tokens.
If you do not want to log in via HOT Wallet, you can do that through the website. Simply connect the BSC wallet and perform tasks, check and collect tokens, and wait for the listing of tokens.
Celebrating the launch, GraFun holds an exciting airdrop. Follow all the steps to become a part of the new Gra-Gra Gra-Gra movement to earn free $GRA tokens.
Conclusion
Meme coins are a combination of humor and digital innovations, which are now especially popular due to their creativity and light irony. When such coins receive the support of a transparent and secure platform for launching and trading, they begin to attract even more attention.
If you like the combination of humor, sarcasm, and technology, then you should definitely pay attention to GraFun. GraFun is set to transform how meme coins are launched and traded.
Being the latest platform for launching meme coins, created on the basis of Binance SmartChain (BSC), GraFun provides the innovative solutions and community support needed to succeed in the meme coin space.
The emergence of new platforms for launching and trading meme coins indicates that this market segment is still in demand in the community, and besides, it is constantly evolving, trying to solve the problems faced by traders and investors.
GraFun offers a secure and transparent approach to launching meme coins, eliminating problems such as unfair launches and fraud (rug pulls).
Such innovative features of GraFun as the new linking curve model and the expansion of opportunities for collective project management distinguish it from competitors and indicate the direction of further development of such platforms.
