The market has suffered from insider traders for a long time. This is probably the lament of every degen that has been harvested by the President Coin and the Wife Coin. After finally enduring the leek market and the rug market, yesterdays waterfall washed the face and made the market sentiment fud again.
At this time, No LP, no insider information. We will save the bear market! - a project called Super.exchange hit the pain point with a super hero-like rescue declaration, which quickly attracted attention in the community. What is the magic of this new asset issuance platform in the Solana ecosystem?
Upgraded version of Pump.fun
Why are meme insider information frequent, sniping constant, and pool withdrawal common? In Super.exchange’s view, a large part of the problem is that “Bonding Curves have been broken” - this is one of the core reasons why tokens cannot achieve price discovery and skyrocket and plummet.
In response to the early control problem, Super.exchange upgraded the traditional bonding curve to Infinite Bonding Curve AKA Super Curve, making the price increase more gradual. The principle of Super Curve is not complicated. It can be regarded as a Bonding Curve composed of 7 different curves. These seven curves are like the transmission of a manual car. To accelerate the car, you must change gears. Similarly, to accelerate the price of the token, its basic liquidity must also change gears. The seven gears of Super Curve promote rapid and sustained price growth while maintaining the stability of market depth.
So what does Super Curve solve? The traditional bounding curve grows too slowly in the early stage, so some buyers can accumulate a large proportion of the token supply. In the later stage, because the curve grows too fast, it will cause liquidity gaps, and it will be difficult to continue trading without the support of market makers. But with Super Curve, all price ranges have permanently locked liquidity, avoiding rug risk and ensuring sustainable price growth.
Comparison of the growth of Super Curve and traditional Bonding Curve tokens, image from @_superexchange official account
To be more specific, it only takes less than $20,000 to control 80% of the token supply on Pump.fun through traditional Bonding Curve, and the price has only increased by 15 times. But on Super, if you want to buy 80% of the tokens, the price will increase by 40,269 times. This makes it difficult to hoard a large number of chips at a lower price in the early stage of the token.
Super Curve and traditional market depth characteristics, image from @_superexchange official account
On Pump.fun, as the market capitalization increases, the depth of the pool decreases rapidly. Super.exchange creates a safe trading environment with growth potential by eliminating dependence on liquidity providers, preventing pool withdrawals, and ensuring sustainable liquidity.
Not only is Super Curve innovative, Super.exchange has also keenly solved another pain point that bothers everyone from p-junior to p-marshal when creating a meme - the uniqueness of the ticker.
Do you remember the broccoli war of BNB Chain half a month ago? A large number of homogeneous tokens were issued at the same time, with the same pictures and names flooding the new coin bulletin board, and fierce pvp took place. But try searching $SUPER on Super.exchange, and the results are refreshing. You no longer have to check the authenticity one by one. Each ticker is the unique identity of the token, and all English letters are capitalized, so the uppercase and lowercase disputes can be stopped.
Finally, Super.exchange has also created its own platform coin $SUPER. $SUPER is 100% owned by the community, with a deflation mechanism and a transparent repurchase and destruction policy. $SUPER has a total supply of 1 billion and is launched fairly, with no reservations, no preemption, and no VC quota. Among them, 50% of the platform fee income is used to repurchase $SUPER and destroy it, which is executed by smart contracts in intervals of 5 minutes, and the whole process is transparently on the chain. Moreover, as the platform develops, the repurchase scale will expand, driving the long-term growth of the coin price and building a flywheel for community growth.
How to play Super.exchange
How to use Super.exchange? After users enter the homepage and link their wallet, they can mainly interact with the following three functions.
How to issue coins
In the upper right corner of the homepage, you can see the create option. Click it and enter the token avatar, ticker, and name to complete the creation. If the selected ticker is already occupied, the token with the same name cannot be issued. It supports a combination of numbers + letters within 10 digits. Except that the ticker cannot be changed after creation, other options can be modified after community voting. According to the actual operation results, it takes about 2.5% of the handling fee to issue a token, which is slightly more expensive than Pump.fun.
How to buy coins
Super.exchange also has internal and external markets. Click MARKETS on the homepage to see the token dashboard, where Markets is the external market and New Pairs is equivalent to the internal market. The market value of each token is calculated by Super Curve. Click the token avatar to enter the purchase page and set the amount and slippage by yourself. After purchase, you can view the purchased assets in PORTFOLIO.
How to get $SUPER
Currently, the official website only provides two ways to obtain $SUPER: trading and attracting new users. The higher the trading performance of the token, the more points you earn; inviting friends can get 25% of their trading points. 1 point = the right to purchase 1 SUPER, which means that only active traders on the platform have the right to purchase $SUPER, which is conducive to allowing early users who actually use the platform for trading to enjoy dividends, rather than letting whales lock millions of liquidity in the new DeFi protocol.
Will it be the memes super hero?
It now seems that Super.exchange has indeed solved the pain points of the current meme market, which has been criticized to a certain extent: insider trading by dealers, accumulating chips at low prices, difficult to distinguish tickers, and rugs after pulling the market. After meme has completely become a casino, these problems have filled the market with uncertainty and a crisis of trust. At this point, Super.exchange seems to have provided a solution to these chaos through its unique design and mechanism, making the trading environment appear more transparent and fair, at least on the surface.
But if we look back at the entire meme super cycle, the essence of its rise is more of a community-driven cultural phenomenon, rather than something that can be fully covered by technology or currency issuance mechanisms. Although Super.exchange has optimized the trading mechanism, it is hard to deny that the most attractive part of meme comes largely from the lottery station tailored for it by Pump.fun and the myth of making a fortune a hundred times or a thousand times.
Related reading: Neiro Resurrection: Trading Platforms Are Becoming the National Football Referee of the Meme Market | 10 0x Review
The current improvements may curb some speculative behavior, but it is difficult to answer the following questions: How to quickly build a strong and lasting community consensus without the short-term stimulus of pumping? If the lottery odds of meme are no longer attractive, will it still attract so many people to sit and bring new liquidity? Especially in the current bear market, will meme be cleared by the market as oversupply, or will it continue to cross the cycle with its emotional and ideological value? This may be the real key to the future development of meme.
As for Super.exchange, can it screen out memes that truly have consensus and value through a more reasonable price discovery mechanism after the market is riddled with holes? Driven by the dual power of innovative mechanisms and community flywheel, can it become a super hero that saves memes? Perhaps only time can give the answer.
