Memecoin launchpad Consider has launched new security measures to guard customers from rugpulls and scams, together with computerized and guide price blocking on new tokens and a standardized “BLV” contract tackle suffix.
Consider, the SocialFi memecoin launchpad previously generally known as Clout, has rolled out new options designed to guard customers towards rugpulls and rip-off tokens.
These embody computerized price blocking for the primary 24 hours after a brand new token launch, a function meant to discourage speedy sell-offs typically related to rugpulls. The platform additionally enabled guide price blocking for any new token, encouraging customers to report suspicious tasks rapidly.
Moreover, all Consider token contract addresses now finish with “BLV,” making it simple for customers to determine tokens launched on the platform — just like how Pump.enjoyable memecoins are acknowledged by the “pump” suffix of their CAs.
Inside the subsequent 24 hours, Consider additionally plans to publicly show token well being standing and creator price earnings, together with vital optimizations to its iOS token launch course of which are anticipated to extend the proportion of tokens launched via the app from 1% to just about 100% by the tip of the month.
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Consider, beforehand generally known as Clout, is a Web3-based SocialFi platform that enables customers to create and launch tokens via social interactions on X. Customers can create new tokens just by tweeting particulars and tagging the platform’s launch command, which triggers computerized token creation.
Tokens start buying and selling on a bonding curve and graduate to Meteora as soon as their market caps attain $100,000. At that time, buying and selling charges are break up 50/50 between Consider and the token creator. Creators can declare their earnings day by day by linking their X account to the Consider app.
LAUNCHCOIN, initially the PASTERNAK coin, stays carefully linked to Consider via Ben Pasternak, founding father of each Clout (now Consider) and the token. Whereas not formally Consider’s native coin, its rebranding alongside the platform sparked hypothesis about its future function within the ecosystem. This drove LAUNCHCOIN value surge from a $10 million market cap on Might 12 to over $240 million by Might 14. Nevertheless, it has since retraced to $142 million.
Supply: LAUNCHCOIN marketcap | Coinmarketcap
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