An overview of all the launchpads where you can degen into memecoins
Without a doubt memecoins have been the craze in 2024, and the meme token launchpads have brought the crypto industry lots of price action. Millions of tokens have launched through these platforms, but only a few have truly found success. In the article we look a look at some of the leading meme token launchpads in the Web3 industry.
Before we dive into the various platforms, let’s first take a look at what these memecoin or meme token launchpads exactly are.
What is a Meme Coin IDO Launchpad?
Before, projects would require approval from a launchpad to create and launch their token. Launchpads would do a quality check before a token would be accepted, and investors – often regular crypto users – would often want to be in a Initial DEX Offering, or IDO. However, through these memecoin launchpads anybody can launch a token, and this is exactly what’s happening. Millions of tokens launch, and ultimately only a few find longer term success. Therefore, it’s unwise to invest life savings into these memecoins. Please be careful.
A Meme Coin IDO Launchpad is a platform that helps launch meme-themed cryptocurrencies through Initial DEX Offerings (IDOs). It allows new meme coins to raise money and get noticed by the market in a decentralized and easy-to-access way. By using the power of memes and community engagement, IDO launchpads help projects reach a wide audience and build loyal followers. These platform promote the idea of ‘fair launch’, and do not offer a pre-sale or team allocation.
Now let’s dive into the most famous ones.
Top 5 most famous memecoin launchpads
Pump.fun
Pump.fun is an easy-to-use memecoin generator built on the Solana blockchain. It allows anyone to create and distribute their own tokens, primarily “memecoins.” These digital assets are usually prized more for their novelty and community engagement than for any inherent utility. On Pump.fun a token needs to reach a valuation of $69,000, and then $12,000 of the liquidity will move to Raydium, the public market maker on Solana.
SunPump
The first fair launch platform for memecoins on the TRON blockchain. This memecoin launchpad was created by the SunSwap team, one of the leading decentralized exchanges on the Justin Sun-owned blockchain ecosystem.
Ethervista
The success of memecoin platforms also brought the hype to Ethereum and various L2 networks. Ethervista has become a leading platform, and they also launched their own token.
Deployyyyer
Following the hype, Deployyyyer allows any degen to launch their own memecoin. Their own DEPLOY token is currently leading the charts, but things can change fast of course.
Moonshot
Moonshot is a strong competitor for Pump.fun, and offers a mobile app on iOS and Google. The app stands out with real-time trend-tracking features, Face ID sign-in, and a self-custodial wallet. Integration of Moonpay makes Moonshot extra interesting.
Meme Token Launchpad FAQ
What is a meme?
A meme is an image, video, or piece of text – or in this case a cryptocurrency – that often gains popularity through social media. Typically it’s a bit funny, or it has a satirical or a cultural message. Memes often evolve as they are shared, with users adding their own variations. They are a way of communicating ideas, opinions, or jokes in a form that’s easily recognizable and quickly digestible.
So what is a memecoin?
A memecoin is a cryptocurrency that’s launched with the intention of providing any additional utility. The currency simply taps into internet culture or social media trends. These coins start as jokes, but can attract large communities of supporters. The value of memecoins is typically driven by hype, community engagement, and viral trends, rather than traditional factors like use case or innovative technology. DOGE and SHIB manages to go beyond, and became more than a memecoin. Each of them now supporting their own Layer-2 networks.
How do memecoin launchpads work?
Memecoin launchpads typically offer an easy, step-by-step process for creating tokens. Users can specify the token name, supply, and other parameters without needing to write code. Once set up, the launchpad facilitates the launch and distribution of tokens, and sometimes even lists the tokens on decentralized exchanges (DEXs).
What feature do memecoin launchpads generally offer?
- Token creation: Generate a token with a custom name, symbol, and supply.
- Tokenomics configuration: Set parameters like supply cap, initial distribution, and any burn mechanisms.
- Automated liquidity: Some launchpads connect directly with DEXs for instant liquidity after the launch.
- Marketing tools: Built-in tools to engage potential investors and build hype, including airdrops and bounty programs.
- Security checks: Some launchpads offer basic security audits or anti-scam measures for token creation.
Are memecoins created on these launchpads good investments?
Generally, no.
Risks of using memecoin launchpads
- Scams or rug pulls: Unscrupulous developers may create memecoins to scam investors.
- Market volatility: Memecoins are highly speculative, with values often driven by hype rather than fundamentals.
- Low liquidity: If a memecoin doesn’t attract enough interest, it might not gain liquidity, making it hard to trade.
How to launch your own memecoin on a token launchpad
Most memecoin token launchpads are designed to be user-friendly and don’t require any coding or blockchain expertise. The process is simplified so anyone can create and launch their own memecoin. These is a feature, but also an issue. Because anybody can launch a token, you really need to stand out to find success. Memecoins rely heavily on viral marketing, so a solid promotional plan is essential. Moreover, you will need a supportive community to find long term success, and that’s often the reason why 99.9% of the launched tokens fail.
