Crypto NewsNewsMemecoin Craze Continues! Another Platform That Allows Users to Mint Their Own...

Memecoin Craze Continues! Another Platform That Allows Users to Mint Their Own Tokens Has Emerged! Here are the Required Conditions

Crypto data platform Dexscreener has launched Moonshot, a new platform that competes directly with Pump.fun.

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Crypto data platform Dexscreener has launched Moonshot, a new platform that competes directly with Pump.fun and has already seen a surge in memecoin creations.

Memecoins Flock to Moonshot

Moonshot allows users to mint their own tokens on the Solana blockchain at a cost of approximately 0.02 SOL, similar to Pump.fun.

The process involves connecting a wallet, adding a token name, symbol, image, and optional social media links.

Once a token reaches a market cap of 500 SOL (about $68,000), it is moved to the decentralized exchange Raydium and 150 to 200 million tokens are burned.

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Since its launch, Moonshot has been flooded with memecoins ranging from political tokens to viral video-themed ones.

Claiming to be regulated, the platform assures users that their tokens are uncontrollable without pre-sale or insider involvement.

Moonshot's arrival is part of a broader trend of new projects trying to replicate the success of Pump.fun, which has built a significant following within the Solana community and has generated over $40 million in revenue since March.

Despite the platform's assurances, Moonshot does not provide detailed information about its audit and leaves some questions about security and transparency unanswered.

*This is not investment advice.



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