Coinspeaker
GraFun Launches on BNB Chain with 3.8M Pre-Registrations
GraFun, an emerging meme coin launchpad on the BNB Chain, launches on Friday, September 27 at 12 pm UTC, achieving notable initial success. Over 3.82 million users registered on-chain before the launch, and more than 300,000 have already funded their wallets, showing strong interest in the platform. This launch marks GraFun’s strategic move into the meme coin sector, aiming to solve persistent issues like transparency and market manipulation.
GraFun departs from conventional bonding curve models that can lead to price distortion and short-lived speculative trading. Instead, it introduces a “Fair Curve” mechanism, which aims to deter bot activity and support steady growth for meme coins.
Additionally, a Contribution Fee, starting at 60% and decreasing as sales progress, ensures fair opportunities for all investors, especially those joining later, while encouraging long-term engagement.
GraFun Partnership with DWF Labs Spurs Stability
GraFun has partnered with DWF Labs, a prominent Web3 investment firm known for its market-making expertise, to support its token launches with liquidity and minimize market fluctuations. DWF Labs ranked #18 on Dropstab’s list of top investors, brings significant influence and credibility to GraFun, enhancing its appeal to project creators and investors.
Andrey Grachev, Managing Partner at DWF Labs, praised GraFun’s Fair Curve model for its focus on transparency and sustainability in the crypto space.
“We are excited to partner with GraFun to support the next generation of meme coin projects on BNB Chain. Together, we aim to empower emerging projects and provide them with the liquidity and support they need to succeed,” said Andrey Grachev.
However, Andrey Grachev also hinted at DWF’s involvement in GraFun, describing the partnership humorously as “like the right hand shaking the left.” Apart from the collaboration with GraFun, DWF Labs also supports Justin Sun’s SunPump on the Tron network, while GraFun operates on the BNB Chain, showing DWF’s reach across different blockchains.
GraFun’s growth has been swift, with 2 million on-chain registrations in two weeks, including 1 million waitlist sign-ups within three days. Its collaboration with Floki, a leading meme coin DeXe, a top-3 BNB Chain dApp by TVL, and HOT Protocol, a rapidly expanding on-chain app, has further established GraFun as a key player in the current BNB Chain meme coin surge.
DWF Labs’ involvement extends beyond liquidity support, aiming to stabilize new token launches through strategic market-making efforts. This approach, coupled with GraFun’s Fair Curve model, promises increased transparency and stability in the meme coin market. BigGra, a GraFun representative, showing the importance of the partnership for both GraFun and the broader meme coin community.
Community-Driven Governance Fuels GraFun
GraFun directs Contribution Fees into a decentralized treasury controlled by token holders through a Decentralized Autonomous Organization (DAO). This system gives the community more power by allowing members to vote on crucial decisions. These decisions include the allocation of funds for liquidity, development, and marketing efforts.
GraFun’s fresh approach to token launch mechanics and governance makes it a unique platform. The DAO structure ensures that token holders control the platform’s direction, promoting long-term engagement and reducing speculative trading. GraFun’s integration with the DeXe Protocol provides further motivation for active participation in governance.
As the platform attracts more attention, GraFun and its partners are set to transform the way meme coins are launched and traded, offering a more fair and transparent system for all participants. With over 3.8 million pre-registrations and backing from major players like DWF Labs, GraFun is ready to reshape the future of meme coins on the BNB Chain.
