GraFun Starts Labs Division to Boost Memecoin Ecosystem on BNB Chain
Summary
GraFun has launched GraFun Labs, a division aimed at supporting the meme ecosystem on BNB Chain. Partners include DWF Labs and Floki, BNB Chain's largest memecoin. The initiative focuses on aiding small memecoins in community growth, branding, marketing, and influencer engagement. GraFun emphasizes the role of memecoins in driving crypto market activity and culture. Memecoin projects with strong narratives are invited to apply for the Growth Program via an online form. GraFun, launched in September, uses a "Fair Curve" mechanism to reduce risks like rug-pulls and price manipulation, achieving over $250 million in trading volume within 24 hours on PancakeSwap.
