Meme Coin Development On TRON

Apart from famous cryptocurrencies like Bitcoin and Ethereum, meme coins are a special type that successfully gains social attention quickly. Meme coins on the Tron blockchain have become quite famous for some time, especially on Crypto Twitter. 

In the previous blog, we helped you to create a meme coin, and, this blog is a guide to help you create your meme on the Tron blockchain network. From features of Tron to meme coin development and its growth potential, we will cover it all!

Why are Meme Coins On Tron Getting Popular? 

Tron is a blockchain-backed platform that is used to develop different decentralized applications. It was launched in 2017 but became a huge success in 2018. Recently, a new meme coin, Sundog, was launched on TRON and gained high popularity. 

A piece of news by Bitcoin Harber threw light on Sundog, launched on SunPump, which quickly hit a $200 million market value in just one week. This boost caused TRON’s price to jump by 12% in the last 24 hours, while Sundog’s value shot up by 237% over the week. As a result, competitors like Solana are falling behind. 

Justin Sun, the founder of TRON, announced that SunPump marks a new chapter for meme coins, which has sparked a lot of activity within the TRON ecosystem. Because of this, the number and value of transactions on TRON have significantly increased. Over the past 30 days, TRON’s (TRX) price has gone up by 19%, even while the prices of major cryptocurrencies like Bitcoin and Ethereum have dropped by 11% and 26%. This makes TRON stand out from other top cryptocurrencies during this period. 

Features Of Tron Supporting Meme Coin Development 

Let us go through the features of Tron that are making it a popular platform for meme coins. 

• Fast Transaction With Minimal Fees

Tron has a DPoS consensus mechanism that ensures high-speed transactions, which makes it compatible with the fluctuating and fast nature of meme coins. Moreover, the platform has low transaction fees, which makes it cost-effective for developers, investors, and new crypto enthusiasts. 

• Smart Contract Compatibility 

Smart contracts are important to automate operations and transactions. Smart contracts on TRON are compatible with meme coin mechanics and enable developers to create meme coins with special features like tokenomics, governance models, and decentralized apps (dApps). 

• Active Community Support and A Dynamic Ecosystem 

TRON has a great community of crypto enthusiasts, developers, investors, and traders who come together to make any meme coin project a big success. Such a dynamic ecosystem creates liquidity for meme coins, contributing to their wide adoption. 

• Scalable Infrastructure For Growth 

TRON’s architecture can handle large volumes of transactions, which suits the rapidly growing nature of meme coins. Hence, TRON keeps us updated on the ever-evolving market of meme coins. 

• Social Media Integration With Influencer Partnerships 

Many meme coins communities on TRON are using social media platforms to increase their popularity, enhance community engagement, and promote their adoption. Today, influencer collaborations are common and one of the most effective ways to increase meme coin sales.

• Dedicated Platform For Meme Coin Launches 

Meme coin launchpads are emerging ways to launch a new meme coin on TRON. They streamline the meme coin launch process and offer marketing support, community-building tools, and safety measures to ensure the success of the meme coin. 

• NFT and Gamification Integration 

TRON allows the integration of non-fungible tokens (NFTs) with meme coins. NFTs increase the value of meme coins and attract more investors (collectors). Moreover, one can integrate gamification elements, like rewards, challenges, and leaderboards, which makes. This makes TRON meme coins more attractive to users. 

How To Create A Meme Coin On Tron? 

The following are the 7 steps for creating your own meme coin: 

1. Design your token:

Choose a catchy name, unique symbol, and determine the total supply and decimals for your meme coin. Consider creating a simple logo and outlining basic tokenomics. Research to ensure your concept stands out in the crowded meme coin market.

2. Set up a Tron wallet:

Install a Tron-compatible wallet like TronLink. Create a new wallet, securely store your private key or seed phrase, and obtain some TRX for transaction fees. Familiarize yourself with the wallet’s interface and features.

3. Write the smart contract:

Use Solidity to create a TRC20 token contract. Implement standard functions like transfer and balanceOf. Consider adding unique features to differentiate your coin. Use established libraries for security, and thoroughly test your code.

Here’s a basic example of a TRC20 token contract in Solidity:

pragma solidity ^0.5.0;

contract TRC20Token {

    string public name;

    string public symbol;

    uint8 public decimals;

    uint256 public totalSupply;

    mapping(address => uint256) public balanceOf;

 constructor(string memory _name, string memory _symbol, uint8 _decimals, uint256 _totalSupply) public {

        name = _name;

        symbol = _symbol;

        decimals = _decimals;

        totalSupply = _totalSupply;

        balanceOf[msg.sender] = _totalSupply;

    }

    function transfer(address _to, uint256 _value) public returns (bool success) {

        require(balanceOf[msg.sender] >= _value, “Insufficient balance”);

        balanceOf[msg.sender] -= _value;

        balanceOf[_to] += _value;

        return true;

    }

}

4. Deploy the contract:

Use TronIDE or Tron Studio to compile and deploy your contract. Connect your Tron wallet to the IDE and pay the necessary TRX for deployment fees. Double-check all parameters before finalizing the deployment.

5. Verify the contract:

Submit your deployed contract for verification on Tronscan. This step increases transparency and allows users to inspect the code. Provide accurate information about your contract to build trust with potential investors.

6. Create liquidity:

Choose a Tron-based decentralized exchange like JustSwap or SunSwap. Create a liquidity pool pairing your token with TRX or another established token. Provide initial liquidity to enable trading and consider incentives for liquidity providers.

7. Marketing:

Develop a social media presence on platforms like Twitter and Telegram. Engage with the Tron and crypto community. Consider creating a simple website and whitepaper. Run promotions or airdrops to increase awareness and distribute your meme coin.

Why Should You Develop Meme Coin Based On Tron? 

 We have already discussed numerous features of TRON meme coins. Let us summarize the factors depicting why you should invest in meme coin development on TRON. 

Market Growth 

Due to TRON’s favorable conditions for meme coins, the growth of TRON meme coins is dynamically expanding. Also, Sun’s confidence in making a billion-dollar meme coin market on TRON ensures a great return on investment in the future. 

Innovative Trading Features 

SunPump’s features, like one-click token creation and bonding curve pricing, improve the trading experience and have the potential to draw in more investors. These innovations are designed to uphold market integrity and boost community involvement, both of which are vital for the long-term success of meme coins.

Potential For High Returns 

The meme coin market on TRON is relatively new and offers an early advantage to investors. There can be rapid price increases and high returns that can benefit businesses. Moreover, this is a crucial opportunity for businesses that are looking to build a brand in the cryptocurrency world. 

Top Meme Coins On TRON 

Now, we will go through some successful meme coins on TRON. The following are the details: 

Sundog

The Sundog meme coin is based on the natural phenomenon of sundogs. It is known for its active community and frequent giveaways. Sundog has been one of the pioneers in the TRON meme coin space, maintaining a strong following.

Dragon Sun

Dragon Sun is a meme coin with a dragon-themed concept. The coin often hosts community events and giveaways. Dragon Sun has gained a dedicated following due to its unique theme and community engagement.

Sunwokong

Sunwokong is a meme coin inspired by the Chinese mythical figure Sun Wukong. The meme coin has a strong cultural connection and uses Chinese mythology in its marketing and community events. 

Fofar

Forfar is a playful and quirky-themed memecoin. It features humorous content and community-driven initiatives. This lighthearted approach of Forfar has attracted a loyal following.  

Troncat

As the name suggests, Troncat is a meme coin centered around cats. The coin often features cat-related themes and memes. Cat-themed coins have proven popular in the cryptocurrency space, and Troncat is no exception.

Below are the stats of these TRON meme coins by Coin Market Cap. From the chart, we can see that:

• Sundog (SUNDOG) is the highest-ranked coin by market capitalization, with a price of $0.2608 and a 24-hour volume of $78,203,365.
• Dragon Sun (DRGN) has experienced a significant price increase of 25.9% in the past 24 hours.
• SunWukong (SUNWUKONG) and FoFar (FOFAR) have also increased prices in the past 24 hours.
• Suncat (SUNCAT) has had a relatively stable price performance over the past 7 days.

 

Launch Your Own Meme Coin on TRON 

Collaborate with the best Meme Coin development company, Blocktech Brew, and leverage the early benefits of meme coin on TRON! 

At Blocktech Brew, we closely understand the goals of clients and develop strategies that can ensure a high success rate for your coin. From R&D and meme coin development to marketing and continuous support, we hold your hand all the way through! 

Contact Blocktech Brew via email at business@blocktechbrew.com to know more.