Token Launchpads (Solana) - Innovation or saturation? - - - - - @pumpdotfun differentiated itself from OG launchpads by allowing anyone, not just established protocols, to fundraise and bootstrap liquidity in a fair manner. It also introduced a standardised mechanism that burned liquidity pool (LP) tokens upon launch, ensuring that liquidity couldn’t be pulled. It was a combination of these key features, Solana's low-cost and high-speed tech, along with the money-crazed on-chain degens that allowed to become Solana’s kingmaker. emerged as an early competitor, aiming to take the concept further by allowing users to create tokens directly from X by tagging X handle. While the concept was novel, it lacked the execution and incentives needed to drive mainstream adoption. Lately, there has been a resurgence of competitors. Though many of the new launchpad are near-identical products, @boopdotfun, under @dingalingts's leadership aimed to switch things up. Boop introduces fee-sharing mechanisms, a feature that addresses one of key criticisms: the lack of incentives for token creators and early adopters. Boop also employs aggressive onboarding strategies to attract users. While it’s early days, Boop’s dynamic incentive structure and willingness to rethink what a launchpad can be could foster the growth of a loyal and committed user base over time. - - - - - Full article in the tweet below ↓