Floki and BNB Chain Team Up For Memecoin Launchpad GraFun

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Floki, the biggest meme coin brand and the BNB Chain, has concluded plans to unveil Launchpad GraFun. The Launchpad meme coin mirrors Tron’s Sunpump and Solana’s Pumpfun. The GraFun, an improved variety, will be exclusive to the BNB chain.

The Platform for Low-Cost Meme Coin Creation

Floki shared the plans in a blog post, highlighting that GraFun will leverage the support of notable entities like DeXe Protocol and HOT Protocol. It also listed DWF Labs as a strategic partner. However, Floki will be entitled to 40% ownership of GraFun and receive the same percentage of fees generated on the platform.

Notably, the Launchpad will serve as an avenue for users interested in creating meme coins on the Binance chain. GraFun will adopt the “bonding curve model to guarantee inclusivity,” allowing anyone to deploy a meme coin at minimal cost.

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According to available information, a user can create a meme coin for a few dollars, including gas fees. The meme coin creator does not need developer experience and will not make any commitment regarding liquidity, token deployment costs, or other related charges.

Pre-Launch Excitement and User Registration

Even though GraFun has not been launched, the Launchpad has gained traction amongst crypto enthusiasts. Floki revealed that the platform has registered over 3.9 million users who have linked their wallets already.

Additionally, over 305,000 users have more than eight figures in their wallets ahead of the meme coin fever that will debut on the BNB chain. Floki will benefit from 40% in revenue, and token holders will also receive “key benefits.” The team will provide the details later.

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Will GraFun Impact the Meme Coin Ecosystem?

Industry experts say launchpads have become very profitable, and Floki’s ownership of GraFun might boost the meme coin ecosystem. Pumpfun, which GraFun mirrors, has deployed 2,155,492 and generated a total revenue of 760,494 SOL, equivalent to $114 million in fees. Recently, Pump.Fun recorded a $100 million revenue milestone.

The plans for GraFun are, therefore, a bullish factor for Floki, which traded up by 19.34% at $0.0001751 within the past 24 hours. Trading volume has soared by 96.05% to $450,817,493 as users’ interest grows.