Aptos, the blockchain network backed by a16z, has seen its first pump.fun clone emerges as meme coin mania continues to thrive.
Users may now launch, trade, and transfer emoji-tickered tokens on the Aptos blockchain thanks to Emojicoin, a new platform based on a Move-based blockchain.
The platform’s developer, Econia Labs, stated in a blog post on November 20 that the solution adds a “extra layer of accessibility and creativity to the memecoin space” by enabling users to establish and exchange digital assets with emoji symbols.
Emojicoin.fun was created to ” combine financial empowerment with a fun, accessible experience,” according to Alex Kahn, chief executive of Econia Labs.
The platform provides a “more engaging and scalable solution for token launches.” According to the blog post, the platform promises to provide fair and decentralized token launches, giving users equitable access and market awareness.
Along with an on-chain chat that lets users participate in real-time community debates, it also makes use of parallelizable events and arithmetic aggregators to enable scalability transactions.
The cost to establish an emojicoin would be 1 APT, which at the time of writing was about $12.5, plus 1 APT for a “refundable deposit.”
The announcement caused APT to rise 9%, reaching $12.8. The platforms promoting these activities are making the most money despite the continuous hoopla surrounding meme coins.
The Solana-based token deployer pump.fun reached a significant milestone in late October, surpassing 1 million SOL tokens in total income.
Based on current market pricing, this milestone pushed pump.fun’s revenue very near to $250 million. The network has grown quickly since its January inception, hitting the $100 million revenue milestone in just 217 days.