What is LetsBonk？How to launch tokens?

In the world of cryptocurrencies, Meme Coins have always been a controversial yet highly discussed topic. Recently, a platform named LetsBonk.fun has suddenly gone viral, not only allowing ordinary users to easily create their own tokens but also attracting a large number of players with various “Chinese meme” projects. What exactly is this project, and why has it risen so rapidly?

What is LetsBonk? Solana’s “Beloved Child”

LetsBonk is jointly developed by the BONK community (a veteran Meme Coin in the Solana ecosystem) and the decentralized exchange Raydium. Its goal is to simplify the process of creating meme coins, enabling users to launch tokens quickly without programming knowledge while enhancing transparency and security across the Meme Coin market. Leveraging Raydium and Jupiter, all tokens created on LetsBonk gain immediate access to decentralized exchange (DEX) liquidity, reducing technical burdens and launch delays for projects.

BONK holds a unique position in the Solana ecosystem—it once promoted Solana phone sales through airdrops and deeply participated in on-chain application development. This background gives LetsBonk inherent legitimacy, earning early support from Solana founder Toly and key figures like Jupiter, a leading DEX.

LetsBonk Token Launch Process

1. Access the Platform & Connect Wallet
   Visit https://LetsBonk.fun and connect using a Phantom or any Solana-compatible wallet.

2. Create Token
   On the “Create Token” page, input metadata such as token name (e.g., “MyMeme”), symbol (e.g., “MME”), and description, then click “Next.”

3. Set Supply & Allocation

   • Total Supply: Define the maximum circulating supply of the token.

   • Liquidity Reserve: Allocate a percentage to be automatically added to Raydium’s liquidity pool.
     After configuration, click “Launch” to initiate token minting.

4. Add Liquidity & Lock Tokens
   The platform automatically pairs the user’s reserved SOL with the new token, injecting liquidity into Raydium’s pool. Users can also opt for lock-up periods to build trust.

5. Graduation & Listing
   Once a project meets preset marketing and lock-up conditions, the token “graduates” on Raydium Launchpad and becomes tradable on secondary markets.

Token Economics & Fee Mechanism

• Minting Fees: A small amount of SOL is charged for on-chain gas and platform services, with part of the fees used to buy back and burn BONK to support the ecosystem.

• Revenue Scale: The platform generated approximately $800,000to$1 million in revenue within three days of launch, mostly allocated to BONK buybacks and community distribution.

• Incentives: Projects can set trading rewards to encourage community members to trade on Raydium, boosting token activity.

• Transaction Fees: A 1% fee is charged on trades, used for:

  • Supporting Solana network security (via node validation);

  • Buying back and burning BONK to increase scarcity;

  • Platform development and operations.

This “by the community, for the community” model starkly contrasts with profit-driven platforms.

Viral Drivers: From “Internet-Famous Cats” to “Cai Xukun”

LetsBonk’s first wave of popularity came from early projects like the cat-themed Hosico (peak market cap: $60million)anditsnamesaketokenLetsBONK(whichsurgedby$30 million in 6 hours). The second wave emerged from “Chinese meme” tokens:

• IKUN: Named after Chinese pop star Cai Xukun’s fanbase, peaking at a $9.4 million market cap;

• Sun Wukong (Monkey King) and Fortune Dog: Blending traditional Chinese cultural symbols;

• Bing Dwen Dwen and Shuey Rhon Rhon: Riding the hype of Winter Olympics mascots.

These projects gained traction through social media (e.g., tweets by influencer @theunipcs) and community-driven virality, even attracting global attention.

Competitive Edge: Ecosystem Integration & Community-Driven Growth

Compared to other token-launch platforms (e.g., Pump Fun), LetsBonk’s advantages include:

1. Ecosystem Support: Deep integration with Solana’s top DEX, Raydium, enabling instant token listings;

2. Community-Centric: Fees reinvested into the ecosystem rather than extracted as profits;

3. Cultural Inclusivity: Bridging English and Chinese communities to expand reach.

However, challenges remain: excessive token proliferation dilutes market focus, and some projects struggle to sustain momentum (e.g., LetsBONK’s market cap plummeted from $30millionto$4 million).

Future Outlook: Beyond a “Flash in the Pan”?

LetsBonk recently launched incentive programs, such as partnering with AI project BonkAI to offer $10,000 rewards for utility-driven or viral tokens. However, the essence of meme coins remains “emotion-driven.” To ensure long-term growth, the platform must:

• Introduce real-world use cases (e.g., gaming, social features);

• Strengthen token quality control to reduce “shitcoins”;

• Maintain community engagement to prevent hype fatigue.

Conclusion

LetsBonk lowers the barrier to entry in the crypto world, letting ordinary people join the “wealth-creation game.” But both developers and players must remember: meme coins’ high volatility equals high risk. As the platform’s slogan states—”It’s not enough to talk about $BONK, it needs to be used”—only genuine value creation ensures longevity.

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