Boop.fun Platform Introduction
Boop.fun is a Solana meme coin launching platform launched in May 2025. Its innovation lies in using its platform token $Boop as a reward method for sharing platform income, allowing users who are not specialized in the primary market to invest in the meme coin sector by staking $Boop.
Founder Background
The founder of Boop.fun is a well-known figure in the NFT space - Dingaling, who at the height of the NFT craze held over a hundred BAYC NFTs, showcasing his sharp investment insight. According to Dingaling's Twitter, before founding Boop.fun, he served as the Chief Risk Officer (CRO) of Binance and co-founded PancakeSwap, indicating his experience with top platforms and his optimism about the future of meme coins.
Boop.fun Platform Philosophy
Boop.fun aims to improve the past PVP model of meme coins into a win-win market for creators, holders, and stakers, and through early large-scale airdrop activities combined with the token withdrawal mechanism, it seeks to encourage users to stake and reduce early selling pressure. Currently, Boop.fun's operational status allows stakers to share a total of $1.8 million within ten days of going online, which is quite attractive.
Boop.fun Reward Mechanism
Boop.fun's reward mechanism revolves around its platform token $Boop, divided into daily reward distribution and staking income. The following is a detailed analysis of the reward mechanism:
Daily Reward Distribution: Earn $Boop while trading meme coins
Boop.fun allocates 1 million $Boop tokens as trading rewards for every meme coin successfully launched daily, and both token creators and holders can share this reward pool. This allows traders not only to profit from price differences but also to earn $Boop and participate in the platform's development. I will introduce how to participate in sharing $Boop with low risk in the following sections.
Staking Income: Long-term Revenue
Users only need to stake over 100 $Boop tokens to enjoy the following two benefits:
Share 5% of the successfully launched token supply.
Share 60% of the transaction fees from successfully launched tokens.
Staking Reward Calculation
The seemingly inconspicuous staking rewards may bring huge profits when a big player appears on the platform. For example, the popular meme coin $Pnut in 2024 reached a market value as high as $2 billion after its launch. According to Boop.fun's distribution mechanism, stakers can share $100 million (2 billion * 5%) worth of tokens. If a single staker occupies 0.01% of the total staking ratio, they could receive $10,000 in staking rewards, and the above calculation does not include the transaction fees of the token.
Token Launch Standards
Tokens issued on the Boop.fun platform will not initially be listed directly on decentralized exchanges like Raydium. Instead, they will first be available for trading among users on the platform (commonly known as internal trading). Once the total market value of the newly issued tokens reaches about 400 Sol, Boop.fun will deploy the token on Raydium and add liquidity pools. $Boop stakers will also have to wait until after the token launch to share in the income from that token.
$BOOP Token Economics and Airdrop Rules Update
The total supply of $Boop tokens is one billion, with the following distribution:
50% for platform rewards: Used for the above daily reward distribution, with more incentive activities potentially launched in the future.
15% for early airdrops: Airdropped to active wallets of Solana meme coin users, X active users, etc., at the time of platform launch.
12% for token liquidity: To provide liquidity to prevent token liquidity shortages.
10% reserved for treasury: To prepare for future development of more features.
10% allocated to the team: To incentivize the development team, with a lock-up period.
3% distributed to angel round: Early presale tokens, also with a lock-up period.
Airdrop Rules Update
Boop.fun officially announced on its Twitter that it has temporarily halted the previous round of token airdrop activities. During this period, unclaimed airdrop tokens will be reallocated to the airdrop rewards and distributed under new rules and models. If you are an active user on the Solana blockchain and frequently trade meme coins, you might wait for the official announcement to check your airdrop eligibility.
Launch Platform Comparison: Boop.fun vs. Pump.fun
In the meme coin craze on the Solana blockchain, Pump.fun is undoubtedly an iconic launching platform for meme coins, earning significant transaction fees as official revenue during that time. However, as the meme coin craze faded and many innovative launching platforms gradually emerged, Pump.fun's trading volume significantly declined. Can Boop.fun impact Pump.fun? Perhaps the differences in the following table can provide insights.
Boop.fun Pump.fun Design Concept Build Long-term Income Through Platform Token $Boop Focus on PVP Competition, Test Information, Judgment Reward Mechanism Daily Distribution of 1 Million $Boop Tokens Stakers Share Platform Income Tokens Successfully Launched Creators Receive 0.5 Sol Reward All Revenue Goes to Pump.fun Platform Launch Platform Solana DEX - Raydium Pump.fun Own Platform - PumpSwap Platform Advantages Large-scale Airdrop Activities Attract Attention Allow Users to Invest in the Platform for Win-Win Situations Conveniently Connect Many Bots Iconic Meme Coin Launch Platform Platform Disadvantages Can Only Trade Tokens Released by Itself Fewer Bots Support No Long-term Incentive Activities Emergence of New Platforms Intensifying Competition
Since both Boop.fun and Bump.fun platforms utilize the Solana blockchain and have little difference in transaction fees (1%), launch standards (around $70,000), and token creation costs (almost no cost), the above table does not compare relevant content.
SocialFi Competition: Boop.fun vs. Believe
Believe, formerly known as Clout, is a SocialFi project in the Solana ecosystem. With the brand upgrade in April, Believe combines social media with token issuance, creating a 'tweet to issue tokens' format. Users only need to enter @Launchcoin $token symbol + token name on the X platform, and Believe will immediately create the token. Both Boop.fun and Believe utilize the X platform for promotion, but there are still many differences, which I will summarize in the table below.
Boop.fun Believe Token Issuance Format Boop.fun Official Website X Platform Tweet Core Mechanism Market Value Reaches 400 Sol Launch KOL Create Token Unlock Airdrop Market Value Reaches $100,000 Launch Anyone Can Easily Issue Tokens Through X Platform Revenue Model Creator Income Lower (10%) Remaining Profits Shared by Stakers Creator Income Higher (50%) Remaining Profits Earned by the Platform Community Promotion KaitoAI Selects Influencers and Provides Airdrop Rewards Anyone Can Issue Tokens, Relying on Viral Spread Potential Risks $Boop Price Has Dropped Significantly Platform Trading Volume is Unstable Low Threshold for Issuing Tokens, Easy to Go to Zero Traders Must Pay 2% Transaction Fee
Recent Performance of Boop.fun
From the graph below, it can be seen that the number of tokens created on Boop.fun has gradually decreased. However, I speculate that this is related to the airdrop distribution rules when the platform was launched. Boop.fun encourages influential KOLs in the community to issue personal tokens, which also led to the illusion of many tokens being born at the beginning of the platform's launch.
Although the number of tokens created has sharply decreased, it can be found that the probability of meme coins successfully launching has increased. I compared the number of tokens created in the first three days after the platform went live and the last three days when this article was written, with the following data:
Date Number of Tokens Created Number of Successful Launches Success Rate May 1 10,877 154 1.42% May 2 586 984 1.43% May 3 177 942 2.36% May 10 472 275 5.72% May 11 409 266 6.36% May 12 263 259 9.51%
Image Source: Dune
Low-risk Participation Methods for Boop.fun
For investors who are not good at trading in the primary market, there are still low-risk participation methods available that ultimately yield $Boop as income and share platform profits.
$Boop Airdrop Ambush
The Leaderboard will display the number of $Boop Airdrop tokens. After the countdown ends, the tokens will be distributed based on the holding ratio, but half of the displayed quantity will be exclusively for token creators. Therefore, the airdrop formula is: displayed quantity * 0.5 / holding ratio. Detailed tutorial as follows:
Try to choose low market cap, high airdrop coins, taking $Chimp as an example.
Calculate share, $Chimp's market value is currently 6,400, and it costs about 65 USDT to hold 1% of the tokens.
Calculate Airdrop returns, the total airdrop amount for $Chimp is 100,000. Using the formula, holding 1% of the tokens can earn 500 $Boop, worth about 60 USDT at the time of writing.
Wait to share the $Boop Airdrop rewards. If worried about the price falling during the period, hedging can be performed.
After the airdrop is completed, tokens can be sold as long as the purchased $Chimp is worth more than 5 USDT to break even.
The reason for selecting low market cap tokens is that the price has less room to fall. Even if the token price drops, the loss remains within a controllable range. Conversely, if the token rises, one can choose to sell it early and take profits.
Directly purchase $Boop and hedge
Investors who are optimistic about the potential of the Boop.fun platform but do not want to bear the price volatility of $Boop can opt to purchase $Boop and enter into a 1:1 contract for short hedging, allowing them to earn platform profits while protecting the cost price of their $Boop. Currently, MEXC exchange has listed $Boop contract trading pairs, and investors can use this exchange for hedging.
Conclusion
Despite a significant drop in the price of $Boop, from the profit performance of the Boop.fun platform and its proactive optimization of the airdrop mechanism, I believe it is possible to monitor further developments while making use of low-risk participation methods to profit, resulting in an increasing amount of $Boop. When the meme coin craze sweeps Solana again in the future, Boop.fun's shared revenue model is expected to help stakers stand out in the wave!