DEX Screener Unveils Token Launchpad Moonshot for Meme Coins

Leading data aggregator platform for decentralized exchanges, DEX Screener, announced entry into the meme coins arena.

Although a new contender, DEX Screener’s launchpad commits to auditing all smart contracts launching on the Moonshot. The platform aligns with the true meme coin fashion and is making waves amid fierce competition from Pump. Fun.

DEX Screener Unveils Moonshot to Launch Tokens

Moonshot was unveiled on Monday, June 24, on Solana and seeks to allow the creation and unveiling of meme coins with minimal effort. The platform enables users to mint tokens, though it limits the supply to 1 billion.

Moonshot allows investors to commit 500 SOL, translating to $64,000, to automatically create a liquidity pool on the Raydium DEX.

Moonshot is unveiled coincidentally when Solana meme coins are witnessing a fallow period. In particular, the Solana meme coin plunged by nearly 30% in the last week as the crypto market tumbled. It anticipates tapping the rebound of 18%, as per CoinGecko.

Moonshot prioritizes security and transparency. Such is attained through DEX Screener’s devotion to thoroughly auditing the smart contracts.

Since its unveiling on Monday, Moonshot has seen over 7,000 tokens created from a few hundred after the launch. The tokens are not guaranteed for the moon-matching heights.

Only a handful of the 7,000 tokens have realized the 500 SOL threshold to realize the liquidity pool automatically created on Raydium. Only a few of the 27 tokens have also attained positive price action.

The modest start is not deterring the Moonshot community given that the trending feed ranking tokens relative to their proximity to liquidity goal are gaining popularity,

Early winners on the Moonshot are familiar tokens, including Pepe (PEPE), which rallied 8%. It is joined by new entrants Stan (STAN), Dex Mascot (EAGLE), and Long Horse (LONGHORSE).

Beyond the meme coins, DEX Screener ensures fair launching for the tokens by preventing pre-sales and insider allocations.

Tokens realizing the 500 SOL market capitalization prompts Moonshot to burn 150-200 million units automatically. Burning yields a deflationary effect to bolster the token’s value over time.

Moonshot is involved in locking all liquidity by facilitating the LP tokens burn. Doing so yields an additional security layer for investors.

Moonshot to Run Verifiable Audits

Moonshot is committed to running frequent and verifiable audits to generate a secure and trustworthy ecosystem that benefits meme coin enthusiasts.

It is essential to acknowledge that DEX Screener warned users that Moonshot is yet to create its official Twitter accounts. Consequently, it warns against scammers seeking to exploit the growing popularity.

DEX Screener warns potential users to research and double-check their interactions with the crypto projects, mainly within the meme coins segment.

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