Will Tron-Based Token Generator SunPump Promote Trusted Memecoin Manufacturing?
On the Tron blockchain, users can now manufacture meme coins using SunPump, a tool made available by Sun.io, the decentralized finance (DeFi) system linked to Tron founder Justin Sun. Rivaling pump.fun, the well-known Solana equivalent, this platform will see a spike in transaction fees this week, reaching an all-time high of $5.3 million in a single day. However, a major complaint leveled at sites such as pump.fun is that they give dishonest people an inexpensive means of producing a memecoin, only to rug pull once investors have put in some value.
To address this, the Sun team is committed to enhancing our review processes, introducing community oversight, and promoting transparency to ensure the safety and trust of our users. SunPump conducts a thorough vetting of creators and projects before they are allowed to launch on the platform, helping to ensure that they meet specific standards of integrity.
Sun
Tron and SunPump Collaborate on $10 Million Support Program for Meme Tokens
Additionally, $10 million is being contributed by Tron and SunPump to establish the Meme Ecosystem Boost Incentive Program, which will supply resources for recently introduced tokens. When asked what distinguishes the two projects, Sun replied that they will be featured on the platform if they maintain a $1 million daily trading volume for three days, due to cooperation with cryptocurrency exchange Poloniex.
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