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DEX Screener launches “Moonshot”, its new meme coin launchpad
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Token data aggregator DEX Screener launched its Solana-based token launch platform called Moonshot on Monday. The launchpad looks like Pump.funwhere users create their own tokens with a supply of 1 billion and a liquidity pool is deployed on the Raydium decentralized exchange after investors allocate 500 SOL.
Since the token is launched using Moonshot’s infrastructure, DEX Screener ensures that contracts are fully vetted and free of insider activity. Furthermore, after reaching the 500 SOL limit and deploying the pool on Raydium, a total of 150-200 million is burned from the token supply and subsequently the liquidity is locked into the contract.
Notably, 333 tokens have been created on Moonshot since its launch, of which 27 were launched on Raydium after reaching the limit on Moonshot. Of all the tokens that got their liquidity pools, only five showed positive movements in the past hour: Pepe (PEPE), Stan (STAN), Long Horse (LONGHORSE), Dex Mascot (EAGLE) and Moon Cat (MC ).
DEX Screener has not released an official launch statement at the time of writing. According to data aggregator CoinGecko, the “Solana meme coin” sector is showing the third worst performance in the cryptocurrency sector over the past seven days, amounting to almost 30% withdrawal.
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