A strategic alliance has been established between DWF Labs, a Web3 investment business and market maker, and GraFun, a memecoin launchpad.
According to a press statement from DWF, the cooperation intends to improve liquidity for tokens introduced by GraFun, which runs on the BNB Chain, encouraging more reliable and transparent trade of memecoins.
Memecoins are virtual currencies with erratic price swings based on online jokes or cultural allusions. GraFun’s platform presents a novel method of launching memecoins by applying a “Fair Curve” approach.
According to DWF, this methodology aims to avoid problems like pump-and-dump schemes and price manipulation, which have affected several memecoins in the past.
The strategy used by GraFun guarantees that memecoins introduced on its platform will trade fairly and openly from the outset.
GraFun’s Growing Interest
In a span of just two weeks, the platform registered two million users, indicating a growing interest in its system.
Also, the business has a partnership with the well-known memecoin Floki. The collaboration between GraFun and DWF Labs is regarded as a big milestone as the memecoin season picks up steam.
With an emphasis on providing liquidity, DWF Labs will promote memecoin projects established on GraFun by utilizing its market knowledge.
This helps new tokens develop in a more controlled environment by ensuring enough tokens are accessible for trading without triggering drastic price movements.
