GraFun, a memecoin issuance platform, is expanding to the TON Network in an effort to reach newer audiences and increase liquidity for meme issuances. This move comes after successful launches on Ethereum and BNB Chain, where GraFun generated over $450 million in trading volume. By tapping into TON, GraFun aims to make memecoin creation simple and fast within Telegram, one of the most popular messaging apps worldwide. The platform’s expansion to TON is expected to increase its visibility among crypto traders and enhance its market presence.
According to a GraFun developer, the ability to create and trade memecoins directly on Telegram is on the horizon. TON Network, which holds over $350 million in user assets, presents a lucrative opportunity for GraFun to reach a larger user base and access higher liquidity. Additionally, plans for a GraFun token in the future are under consideration, based on user activity. While these plans have not been confirmed by GraFun developers, the platform’s growth on TON suggests a potential token launch to further engage users and enhance the platform’s ecosystem.
One of GraFun’s key features is its “Fair Curve” model, designed to minimize rug-pull risks, reduce price manipulation, and ensure fair token issuances. This model, which has gained traction in the memecoin launchpad space, aims to protect users from losing money due to unethical practices. With over 40% ownership by memecoin giant Floki and backing from DWF Labs, GraFun is positioned as a reputable and reliable platform for meme issuance. Other examples of launchpads using the “Fair Curve” model include Pump on Solana and Tron’s Sun Pump, both of which have seen success in the market.
The decision to expand to TON Network highlights GraFun’s commitment to innovation and growth in the memecoin industry. By leveraging Telegram’s extensive user base and TON’s substantial asset holdings, GraFun aims to solidify its position as a leading memecoin issuance platform. The platform’s expansion to TON also opens up new opportunities for collaboration and partnership within the blockchain ecosystem, further enhancing its market reach and influence. As the memecoin market continues to evolve, GraFun’s strategic expansion to TON Network signals its readiness to adapt to changing industry dynamics and capture emerging opportunities.
Overall, GraFun’s expansion to TON Network represents a significant milestone in the platform’s journey towards becoming a market leader in memecoin issuance. With a focus on user protection, fair token issuance, and strategic partnerships, GraFun is well-positioned to capitalize on the growing demand for memecoin trading and issuance. As the platform continues to innovate and expand its offerings, it is poised to attract a diverse range of users and establish itself as a key player in the evolving memecoin landscape.
