1. Introduction

Boop.fun is a meme coin issuance platform based on the Solana blockchain, launched by the aggregator Jupiter within the Solana ecosystem, aiming to create a structured issuance and reward system for the gamified meme coin community. The core of the project revolves around the creative positioning of “establishing your own token community (cult)”, encouraging users to freely create and promote their own meme coins through the Boop.fun platform. Boop.fun’s official slogan is full of meme style, such as “STAKE IT TO RAKE IT”, “NON-STOP AIRDROPS”, highlighting its continuous incentive mechanism and community participation. The founding team of Boop.fun is led by well-known figures in the NFT community such as Dingaling, whose background and resources give the project high credibility. Overall, Boop.fun aims to be a catalyst for the meme coin craze on Solana, driving the development of meme culture in the Solana ecosystem through a community operation model of “establishing a cult”.

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2. Project Vision and Community Orientation

Boop.fun’s vision is to make it easy for everyone to join the Meme coin movement, and be rewarded through social media and community building. The official website emphasizes features such as ‘the cult-building kit’ and ‘continuous airdrops’, promising that holders can continue to benefit even if the tokens are sold. This is also reflected in the official incentive mechanisms: the platform rewards active Meme coin creators, holders, and influential users with BOOP tokens based on factors such as social authentication (e.g. binding social accounts) and market performance. In general, Boop.fun is committed to building a community-driven Meme coin ecosystem, encouraging user participation in project development through rewards and gamification, and promoting the prosperity of Meme culture within the Solana ecosystem.

Analysis of the project model of Boop.fun: building an ‘heretical’ Meme incubator

The core project model of Boop.fun can be summarized as an innovative issuance mechanism of ‘Meme + Creator Economy + Community Incentives’. It is not just a Meme coin project, but a token generation and incentive platform designed specifically for Meme creators and adventurers, with the goal of turning anyone into their ‘own coin circle leader’.

1. “Cult Creation”——Let everyone issue Meme coins

The biggest feature of Boop.fun is that it allows any user to create their own Meme coins (also known as ‘Cult Tokens’) for free, with the entire process conducted on-chain. Users do not need to code, they only need a few steps to publish. The platform provides these users with a series of tools including token deployment, automatic creation of trading pools, customizable visual styles, and social communication pages, greatly reducing the threshold for issuing Meme coins.

This process is similar to “creating your own cult”, where each token represents a community, a narrative, a cultural expression. Users can attract followers to their “cult” through social media, and the more users participate, buy, and discuss, the higher the popularity and value of the Meme coin.

The slogan of Boop.fun, such as ‘Build your cult. Stake it to rake it,’ directly points out the project’s gameplay logic: create, promote, stake, and earn.

2. The incentive mechanism of the platform token BOOP: you can earn from creation to holding

On the boop.fun platform, BOOP is the universal token of the entire ecosystem, playing multiple roles such as incentives, rewards, value circulation, and governance. The platform model sets up a continuous reward mechanism, and users can obtain BOOP rewards in the following ways:

• Creation Rewards: After users issue their own Meme coin, if their coin is active (such as trading volume, social influence, etc.), the platform will evaluate and distribute BOOP airdrops daily.
• Holder Rewards: Holding Meme coins issued by other users can also receive BOOP airdrops in proportion.
• Staking: Staking BOOP on the platform can earn a portion of the daily airdrop from the platform, as well as a refund of trading fees from users (reportedly up to 60% of SOL trading fees returned to staking users).

This mechanism encourages users not only to “mine coins”, but also to “market, operate” their own coins, and continuously improve their activity, thus realizing a circular economic model of win-win cooperation among creators, coin holders, and the platform.

3. Non-linear token distribution and ranking track

The token distribution of Boop.fun is not linear, but is determined by the ‘Activity Leaderboard’ updated daily to allocate rewards. Each Meme coin will have a cult score, calculated based on dimensions such as trading volume, community interaction, and number of holders. Meme projects that rank higher will receive more BOOP rewards for their creators and holders.

This forms a gamified incentive model similar to ‘season system + leaderboard’, where platform users actively compete, recruit people into groups, engage in social sharing, and advertise, all in order to get their own Meme coins on the list - ultimately exchanging them for a large reward of the platform’s main coin, BOOP.

4. The combination of social connections and the Web3 creator economy

Boop.fun also introduces a social binding mechanism, where users can link their Twitter, Telegram, and other accounts to their wallet addresses. The platform will adjust the weight of their Meme coin projects based on the user’s influence and engagement on social media. For example, a creator with a large number of followers issuing a Meme coin will receive more initial attention and incentives compared to regular users, greatly encouraging the migration of creators from Web2 to Web3.

From this perspective, Boop.fun is not just a Meme platform, but more likeA chain-driven social creation platform that is a meme version of Substack + Kickstarter + TikTok.

5. Decentralized Meme Experimental Field: Risks are also “borne by the community itself”

Boop.fun officials have repeatedly emphasized that the platform is not responsible for the performance of Meme coins, nor does it conduct reviews. The life and death of all Meme projects are determined by the community. While this mechanism encourages high levels of freedom and innovation, it also leads to a large number of low-quality and even meme scam projects on the platform. Ordinary investors need to exercise extreme caution.

The platform guides liquidity into hot Meme projects through gamification and incentive systems, forming a kind ofDecentralized token experiment mode of ‘mass gold mining + market screening + platform dividends’This makes Boop.fun a paradise for Web3 Meme creators, but also a playground for speculators and traders.

The project model of Boop.fun is based on “writing stories with Meme, issuing coins with games, building communities with incentives,” which integrates Meme culture, token economy, and creator incentives, making it an upgrade at the product level for traditional Meme coins.

The low-threshold model of ‘everyone can create Meme coins,’ combined with high incentives and on-chain leaderboard competitions, has built a decentralized narrative-driven Meme parallel universe. If investors can identify the next community explosive product or layout staking path, they may have the opportunity to obtain considerable returns; but they must also realize that the essence of this system is market gaming and emotion-driven, with high returns accompanied by extremely high risks and volatility.

4. BOOP token model

• Total issuance and circulation: The total supply of Boop (token symbol BOOP) is 1 billion. The current circulating supply is approximately 288.4 million BOOP (about 28.8% of the total supply). It should be noted that Boop also has configurations on chains such as Arbitrum: there are reports that the total supply of BOOP on Arbitrum is 100 billion, but the actual circulation on Solana mainly refers to the above-mentioned 1 billion specification.
• Distribution mechanism: According to the official tokenomics disclosed, the distribution of 1 billion BOOP is as follows (can be considered for display in a pie chart): platform rewards (platform incentives and subsequent airdrops) account for 50%, initial airdrop 15%, liquidity pool 12%, team 10%, treasury 10%, angel investments 3%. Among them, platform rewards are mainly used for daily incentives, such as daily rewards for creators and holders; initial airdrops are used for the first phase of user recruitment; shares for the team and treasury have lock-up periods; the liquidity portion is used to support the trading market; the angel round shares have been fully allocated.
• Purpose and Function: BOOP tokens play multiple roles in the ecosystem. On the one hand, it serves as an incentive and reward token: users who hold and create Meme coins (cult tokens) can receive BOOP airdrop rewards. The higher the activity and market performance, the more rewards. On the other hand, BOOP can be used for platform governance or future project decisions (if the official introduces this function), but currently, the official emphasizes its incentive properties. In addition, the Boop.fun platform supports users to stake BOOP for profits: stakers can share the trading fees in the platform’s trading pairs (60% of SOL trading fees will be distributed to BOOP holders) and the rewards for daily new token issuance. These mechanisms make BOOP not only have speculative value but also have practical value within the ecosystem.
• Comparison with other Meme coins: Compared with other well-known Meme coins such as Dogecoin and Bonk, BOOP is significantly different. Dogecoin, as one of the earliest Meme coins, has no maximum supply and issues 10,000 DOGE per minute (approximately 5 billion per year), mainly used for tipping and community activities, following an inflation model. Bonk, on the other hand, is an early large Meme coin on the Solana platform, with a total supply of about 100 trillion. Bonk initially airdropped around 50 trillion to Solana community users and subsequently reduced supply through a burn mechanism to widely incentivize the community. In contrast, BOOP has a much smaller total supply (1 billion), controlled inflation, and distribution that leans more towards platform incentives and early investment (a large portion used for rewards and promotional activities). It is evident that BOOP’s design focuses more on driving value through ecosystem development rather than just mining or airdrops, emphasizing on fostering community user engagement.

Fifth, Market Performance

BOOP officially launched on Gate.io’s MemeBox platform on May 5, 2025, at 16:30 (UTC+8), with the trading pair BOOP/USDT. The launch day immediately sparked market frenzy. According to media reports, Boop attracted high attention within hours of its launch, with a market cap surpassing $500 million and trading volume nearing $63.9 million in the first 1.5 hours. Subsequently, the price experienced some retracement but still maintained relatively high levels. As of May 8, 2025, the price of BOOP was around $0.25, with a 24-hour trading volume in the tens of millions of dollars and a market cap of approximately $73 million. Based on this price, the circulating market cap (circulating supply ≈ 288.4 million coins) approaches $730 million. Please note that these data are subject to real-time fluctuations, and the above prices and market caps are based on recent reported data.

In terms of market heat, the Boop.fun platform continuously stimulates trading and community activities through airdrops and staking, making BOOP highly discussed on social media. At the launch, there were significant whale purchases (2,500 SOL, approximately a position worth 37.7 million USD), as well as endorsements from Moonshot platform, further increasing market attention. In addition, major exchanges such as Binance and Huobi have not yet listed BOOP, and the current main trading channels are centralized platforms such as Gate.io and Poloniex. If conditions permit, you can insert a price trend chart since the listing of BOOP to intuitively display its drastic fluctuations, and also draw a pie chart of BOOP token distribution to explain its allocation structure.

Six, Boop.fun vs Pump.fun: The two major factions of Solana Meme issuance platform

1. The fundamental difference in project positioning

2. The core difference in operating models

Pump.fun is more like an ‘automatic vending machine’ for Meme coins: anyone can pay a small amount of SOL to start a Meme coin (project name + Ticker), which will be listed for trading immediately. Trading adopts the method of AMM + custom tax system, supporting the completion of token creation and initial speculation in a very short time. The platform does not have long-term governance design, nor does it bind social identities, more like a ‘casino’ on Solana.

While Boop.fun is more complex in product logic, it also pays more attention to ecological structure design:

• Emphasis“cult building”Each coin is not only a speculative product, but also a community unit.
• There is a ranking mechanism: BOOP rewards are distributed daily based on trading volume, number of holdings, social influence, etc.
• Binding social identity: Encouraging creators to monetize Web2 fans (such as binding X/Twitter accounts).
• Enhanced staking + dividend model: Platform fee income and token issuance are partially returned to BOOP holders.

In short, Pump.fun focuses more on rapid deployment and traffic explosion, while Boop.fun focuses more on long-term incentives and community organization. The former is suitable for short-term speculative players who want to ‘get in and out quickly’, while the latter attempts to create the ‘long-term creative incentive infrastructure’ of the Meme world.

3. The connection and ecological interaction between the two

Boop.fun and Pump.fun are not directly opposed, but rather complement each other to a certain extent:

• User migration path: Many users who launched projects on Pump.fun may later turn to Boop.fun for “refined operation”, maintaining project popularity through BOOP rewards and community shaping.
• Tool complementarity: Pump.fun users tend to use a minimal interface + unreviewed launch, while Boop.fun users prefer a visual interface + social binding for a more systematic Meme management.
• Token secondary market crossover: Some projects (such as $CAT, $REAL, $MOGI, etc.) have activities on both platforms, and investors can use the data differences between platforms for liquidity arbitrage.

Therefore, if Boop.fun integrates Pump.fun’s one-click deployment in the future or provides cross-platform support interfaces, it may achieve higher synergies in user growth.

Seventh, Market Opportunities for Boop.fun: How to Break Through in the Meme Platform Battlefield?

1. In addition to Pump.fun, Boop.fun also faces competition from the following platforms:

2.Boop.fun’s competitive advantages:

1. BOOP incentive + staking rewards: Most other platforms use a transaction tax model, while Boop achieves daily incentives, rewards, and social tips through the native token BOOP, forming a sustainable incentive loop.
2. Community-driven cultural platform: Boop is not just a tool, but a stage for creators to “become gods” (Build Your Cult), emphasizing long-term community operation.
3. Growth Flywheel Mechanism:
   • Incentive distribution → Users create more Meme coins;
   • Community interaction → Drive the demand for BOOP and the activity of the platform;
   • Trading fee dividends → Promoting staking → Limiting BOOP circulation;
   • Platform token appreciation → Incentivizing continuous creation.

3. Continuous expansion path recommendation:

• Cross-platform aggregation tool: ‘Boop Studio’ toolkit that attracts Pump users to migrate;
• Boop ID + Fan System: Further binding social influence data to enhance the conversion rate from Web2 to Web3;
• CEX coin listing push: Currently, BOOP has not yet landed on top exchanges such as Binance. If it can be listed on mainstream exchanges in the future, it will greatly enhance its liquidity and visibility.
• On-chain asset integration: supporting NFT binding, points system, creator DAO, and other modules, expanding Meme+SocialFi scenarios.

Conclusion

In the competitive landscape of the Meme platform, Boop.fun attempts to break through Pump.fun’s ‘fast in and out’ fast-food speculation logic with ‘structured incentives + community operation tools’.

• It is not only a production machine for Meme coins, but also a “Meme creator’s entrepreneurial incubator”.
• It not only allows people to speculate, but also aims to let users operate their own network cultural phenomenon.
• It aims to build a ‘second-layer narrative structure’ for Meme coins, empowering Meme creators just like Youtube does for video creators, Boop is providing complete lifecycle management tools for Meme creators.

The key to the success of Boop.fun lies not in short-term explosive growth, but in whether it can retain creators, stimulate the loyalty of coin holders, and turn the platform into a cultural hotbed for continuous incubation of Meme narratives.