Boopfun platform's data has severely declined in the two days since launch!

Is Pump's competitor here?

Former Binance CRO, @PancakeSwap founder of @dingalingts has built a new launch platform #boopfun officially online, and its platform token $BOOP has been released, likely to be listed on Binance within a month!

Boop is a memecoin launch platform based on #Solana chain, emphasizing social interaction and community-driven features, including:

🔸 Token Creation and Launch:
Users can quickly create tokens through the platform, integrating with Twitter, KOL real-name token issuance, promoting tokens by sharing tweets or inviting community participation. The platform has designed a “start ur cult” feature that encourages users to build communities around tokens.

🔸 Platform Token $BOOP:
$BOOP is the native token of the platform, used for trading, launching tokens, and participating in the platform economy. Holders can earn new token airdrops (5% of total supply) and 60% of trading fees by staking $BOOP.

After launching last night, $BOOP reached a peak price of $0.5, currently down about 52% from its highest price, with a current price of approximately $0.24, a 24-hour trading volume of about $110 million, and a total market cap of $250 million. $BOOP will soon be listed on major exchanges!

🔸 Innovative Mechanism:
The platform uses a bonding curve mechanism (similar to #Pump ), with specific details not disclosed. The innovation lies in the integration of $BOOP throughout the token creation, trading, and reward system, incentivizing user participation.

🔸 Social and Airdrop:
The platform incentivizes KOLs and users to participate through airdrops, but requires real-name token issuance and sharing, which may cause controversy. Some players believe this design has “PUA” suspicions, but overall community feedback is positive, considering the platform's UI simple and competitive.

🔸 Market Performance:
Currently, the Boop platform launches a new token every minute, gaining high popularity and is considered Pump's strongest competitor!

#Boop is a meme token platform that combines social media and blockchain technology, core values of simplicity, fun, and community-driven, attracting a lot of attention in the short term, but its long-term sustainability still needs to be observed!