Memecoin launchpad Consider has launched new safety features to guard customers from rugpulls and scams, together with computerized and handbook charge blocking on new tokens and a standardized “BLV” contract tackle suffix.
Consider, the SocialFi memecoin launchpad previously often known as Clout, has rolled out new options designed to guard customers in opposition to rugpulls and rip-off tokens.
These embrace computerized charge blocking for the primary 24 hours after a brand new token launch, a function supposed to discourage fast sell-offs typically related to rugpulls. The platform additionally enabled handbook charge blocking for any new token, encouraging customers to report suspicious tasks shortly.
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.
Throughout the subsequent 24 hours, Consider additionally plans to publicly show token well being standing and creator charge earnings, together with important optimizations to its iOS token launch course of which might be anticipated to extend the proportion of tokens launched by the app from 1% to almost 100% by the top of the month.
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Consider, beforehand often known as Clout, is a Web3-based SocialFi platform that permits customers to create and launch tokens by 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 cut up 50/50 between Consider and the token creator. Creators can declare their earnings each day by linking their X account to the Consider app.
LAUNCHCOIN, initially the PASTERNAK coin, stays intently linked to Consider by 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 position within the ecosystem. This drove LAUNCHCOIN worth surge from a $10 million market cap on Might 12 to over $240 million by Might 14. Nonetheless, it has since retraced to $142 million.
Supply: LAUNCHCOIN marketcap | Coinmarketcap
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