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Despite suffering a network outage on August 19 due to unprecedented traffic, SunPump has expanded its business with the launch of NFT Pump in partnership with APENFT.
Key Notes
SunPump has teamed up with APENFT to launch the first fair launch platform for NFTs on the TRON blockchain, promising more transparency and fairness for traders.The new platform, NFT Pump, allows users to purchase NFTs using TRON’s native token TRX starting from September 26, 2024.SunPump, a meme coin generator project created to rival the popular PumpFun, has formed a strategic partnership with APENFT to introduce the first fair launch platform for non-fungible tokens (NFTs) on the TRON blockchain.
Announcing the collaboration on X (formerly Twitter), SunPump revealed that the new platform, named NFT Pump, aims to provide traders with transparency, fairness, and an exciting experience in NFT trading.
Users Can List and Buy NFTs on New Platform Starting Today
From today, September 26, crypto traders and enthusiasts on the TRON network will be able to use the protocol’s native token, TRX TRX $0.15 24h volatility: 1.3% Market cap: $13.22 B Vol. 24h: $334.42 M , to purchase NFTs directly on the new platform. As for creators, they can list their collections on the platform at a reasonable price.
The launch of NFT Pump is part of SunPump’s strategy to expand its offerings and onboard new users to the TRON network.
Launched in August 2024 by Sun.io, a decentralized finance (DeFi) network focused on providing liquidity on TRON, SunPump is backed by TRON founder Justin Sun. The project aims to initiate a new wave of meme coin adoption on TRON, similar to what PumpFun is doing on the Solana blockchain.
Like PumpFun, SunPump enables users to create their own meme tokens with just a few clicks, without requiring any coding experience.
Following its launch on August 9, SunPump achieved significant milestones, crossing the $1 million mark within 11 days of operation. During that period, data from blockchain analytics firm Dune indicated that SunPump’s total revenue reached 7 million TRX.
Challenges and Recovery
However, the project, which claims to be the first meme coin launchpad on TRON, has faced some challenges. On August 19, TRON founder Justin Sun announced that SunPump experienced a downtime due to “unprecedented traffic.” In a post on X, he assured users that the project’s developers were working around the clock to restore the network.
The platform was back online after an hour of network outage, and since then, SunPump has operated smoothly without further interruptions.
Shortly after restoring the network, SunPump, in collaboration with TRONDAO, launched a $10 million ecosystem fund to support projects launched on the platform. The funds will be managed under the Meme Ecosystem Boost Incentive Program, designed to provide resources and support to help new projects reach their full potential.
Overall, SunPump’s partnership with APENFT and the launch of NFT Pump marks a significant step in expanding TRON’s ecosystem, aiming to bring more users and innovation to the blockchain.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
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Chimamanda is a crypto enthusiast and experienced writer focusing on the dynamic world of cryptocurrencies. She joined the industry in 2019 and has since developed an interest in the emerging economy. She combines her passion for blockchain technology with her love for travel and food, bringing a fresh and engaging perspective to her work.
