Raydium, a well-known decentralized exchange (DEX) on the Solana blockchain , has launched LaunchLab, a token launch platform poised to rival the existing Pump.fun. As announced in a recent X post, this new initiative is to help creators, developers, and the community. It is set to offer an easy, flexible, and efficient way to create and issue tokens. This move comes after Pump.fun decided to create its own Automated Market Maker (AMM) called PumpSwap. Pump.fun thereby no longer depends on Raydium for liquidity. Raydium Brings Simplified Token Launch with JustSendIt LaunchLab operates on the JustSendIt model, which is designed to simplify the process of launching a new token without needing technical skills. Once the token is launched, the system helps gather 85 SOL in liquidity. The system automatically transfers that liquidity into Raydium’s Automated Market Maker (AMM) after the 85 SOL goal is achieved. This process eliminates migration fees and gatekeeping, making it fast and simple to get a new token up and running in the Solana ecosystem. Customizable Features for Creators Additionally, creators can receive a 10% share of transaction fees from the AMM pool after their token graduates to the AMM. LaunchLab gives token creators tools to design their tokens the way they want. They can choose how many tokens to make and how the price changes over time. The platform also allows settings of rules for when tokens can be used and who controls them. As announced , creators can earn trading fees by locking their liquidity pool. Additionally, creators can receive a 10% share of transaction fees from the AMM pool after their token graduates to the AMM. For developers, LaunchLab offers quick distribution and better reach. Once a token is launched, it is automatically visible on Raydium and other connected trading platforms. This means developers do not need to worry about getting listed or added manually. LaunchLab Support the Community and Platform The platform also has a simple fee structure. When users trade tokens on LaunchLab, the platform charges a small 1% fee on each transaction. This fee is split to benefit the whole system. 50% goes to a community pool to support token creators and traders. 25% is used to buy back Raydium’s token, $RAY. The last 25% will help pay for running and improving the platform. Raydium also added a referral program to encourage community engagement with Launchpad. Users who refer others to the platform receive 0.1% of the swap volume, which is automatically airdropped to the user’s wallets. The post Raydium Floats LaunchLab, the Pump.Fun Competitor appeared first on TheCoinrise.com .
