Dump Fun BETA Launches: Short Memecoins with Daily Listings

This innovative tool, powered by Solend and Jupiter Exchange, allows users to bet against tokens predicted to lose value.

It takes advantage of the volatility in the memecoin market. Let’s explore more about Dump Fun.

Short Memecoins with New Dump Fun BETA

The BETA launch of this platform is an exciting development in the crypto space. Initially, users can short just one memecoin. But, the platform will expand rapidly, with new tokens being listed every day. The selection of tokens for listing is determined by their popularity and liquidity. This will ensure that users have access to the most relevant and impactful assets in the market.

One of the standout features of Dump Fun is its community-driven approach to token listings. Users have the power to influence which tokens are added to the platform through a voting system. To suggest new tokens, users can visit this voting page and cast their votes.

Source: X

Looking ahead, Dump Fun plans to introduce permissionless listings. This will allow all tokens to be listed on the platform. This future upgrade promises to further democratize access and broaden the scope of available tokens. This will make it an even more versatile tool for traders and investors.

As an added incentive, early users of Dump Fun will be eligible for a special surprise—an airdrop. This reward is designed to thank early adopters for their support and engagement during the BETA phase.

More About Dump Fun’s Whitepaper

Using Dumpy is straightforward and user-friendly: simply select a coin to short, choose your leverage, and hit DUMP. Ride the bear market to potential profits, but watch out for liquidation risks! The liquidity for these trades comes from bullish users who deposit memecoins to earn high borrow rates, compounding their holdings. Read the whitepaper for more info.

Source: X

Everything operates transparently on-chain, including short liquidation prices. With the innovative Squeeze Explorer™, communities can unite to target and squeeze shorts, adding an extra layer of excitement.

Coins

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.

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