coindesk.com
GraFun, a memecoin launchpad on the $BNB Chain, has introduced GraFun Labs aimed at fostering growth in the meme ecosystem through partnerships with DWF Labs and Floki.
GraFun Labs will assist new memecoin projects with a unique narrative through its Growth Program.
Memecoin launchpad GraFun today releases its GraFun Labs division, a multi party initiative to support and grow the meme ecosystem on $BNB Chain.
The Labs partners include trading firm DWF Labs and the Floki, $BNB Chain’s largest memecoin by market capitalization. The project will help small memecoins in community growth, brand, marketing, engagement and influencer marketing.
“Memecoins have become a central crypto market driver, dictating much of the on-chain volume and shaping the culture integral to crypto’s identity,” a representative for GraFun told CoinDesk in a Telegram message. “Establishing GraFun Labs will enable the next wave of memecoin projects to realize their full potential.”
“Memecoin projects with a strong narrative and unique approach are encouraged to apply to Growth Program through GraFun Labs’ online submission form,” the team member added.
GraFun launched in September on $BNB Chain with a "Fair Curve" mechanism for issuing new memecoins, which developers say minimizes rug-pull risks, reduces price manipulation, and results in fewer users losing money. It recorded over $250 million in trading volume in its first 24 hours on PancakeSwap.