TLDR
In response to the growing trend of memecoins and user-generated tokens, Dexscreener has launched “Moonshot,” a token launching platform on Solana that allows users to create their own tokens with a fixed supply of 1 billion for a small fee of 0.02 SOL. Once a token reaches a market cap of 500 SOL (around $68,000), it migrates to the Raydium decentralized exchange. Moonshot claims to be audited, unruggable, and free from pre-sales or insider allocations, with 333 tokens created and 27 successfully deployed on Raydium so far.
Moonshot: A New Token Launching Platform on Solana
A new player has entered the token launching scene on the Solana blockchain. Dexscreener has recently introduced “Moonshot,” a platform that aims to rival the well-known Pump.fun in allowing users to easily create and launch their own tokens.
Here are some key features and highlights of Moonshot:
- Moonshot enables users to mint their own tokens
- Tokens come with a 1 billion fixed supply
- Creation fee is only 0.02 SOL
- Token migration to Raydium after reaching 500 SOL market cap
- Audited, unruggable, and fair launch process
Accessible Token Creation Process
Moonshot offers a straightforward process for token creation, making it easy for anyone to participate in the token economy:
- Connect your wallet and choose a token name, symbol, and image
- Set a fixed supply of 1 billion tokens
- Add social media links for increased visibility
- Launch your token into the market
- When a token reaches a market cap of 500 SOL, it transitions to Raydium
- Between 150 to 200 million tokens are burned during migration
- This introduces a deflationary mechanism to potentially increase token value
- Platform claims to be fully audited
- Tokens are labeled as “unruggable”
- No pre-sales or insider allocations for a fair launch
- 333 tokens generated on the platform
- 27 tokens successfully migrated to Raydium
- Various themes and topics covered by the created tokens
- Positive price movements observed in early trading for some tokens
Unique Liquidity Migration Process
What sets Moonshot apart is its innovative liquidity migration process:
Security and Fairness Assurance
Moonshot emphasizes security and fairness in its operations:
Initial Success and Market Response
Since its launch, Moonshot has seen a surge in token creation and migration to Raydium:
Hot Take
In conclusion, Moonshot by Dexscreener is carving a space for itself in the competitive token launching market by offering a user-friendly platform, secure processes, and quick migration to a popular decentralized exchange. The platform’s success in attracting a diverse range of token creators and traders suggests a promising future ahead.
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