Memecoin issuance platform GraFun is today expanding to the TON Network, the third blockchain after Ethereum and BNB Chain, in an effort to reach a new audience.
Expanding to TON could help GraFun reach newer audiences, tap higher liquidity for meme releases, and increase the platform’s visibility among crypto traders.
“Creating and trading memecoins directly in Telegram, one of the most popular messaging apps in the world, is almost here,” a GraFun developer told CoinDesk via a Telegram message. “After launching 14,000 memecoins and generating over $450 million in trading volume on BNB Chain, GraFun now makes creating memecoins easy and fast within Telegram.”
TON has more than $350 million in user assets across platforms based on the blockchain, data shows.
A source close to the team shared plans for a GraFun token in the future based on user activity in a message to CoinDesk, although GraFun developers neither confirmed nor denied the plans.
GraFun uniquely offers a ‘Fair Curve’ model that developers say minimizes rug-pull risks, reduces price manipulation, and ensures fairer token issuances that result in fewer users losing money. Memecoin giant Floki owns more than 40% of GraFun, and other backers include DWF Labs.
The most popular examples of memecoin launchpads using a “Fair Curve” model are Pump on Solana – which pioneered such a model – and Tron’s Sun Pump.