The leveraged memecoin launchpad on Solana.
Backed by non-liquidating 3x SOL long perps, XSOL
Powered by $PERP (The first leveraged memecoin on solana)
@hylo_so and @MeteoraAG
Tradeable VIA @JupiterExchange
2yALLYqGdczwW1JGPsFqvhCfRaHb3jucpjwNSLFznqHM
App: https://t.co/q7YRtQ3rJ0
Perpcoin: https://t.co/LE470yhvlg
$PERP is the first leveraged memecoin on solana, completely immutable and will always be the first meme coin backed by leveraged solana $XSOL.
Though the platform has struggled to gain market share due to network effects of our pairings, we still are the only platform to offer memecoins backed by leveraged tokens on solana, completely on chain without any single authority.
As @hylo_so captures attention with leveraged tokens $PERP is the first ever memecoin backed by $XSOL, liquidity is locked forever and burnt via Meteora.
I am just giving my thoughts on why it has failed thus far, and to not leave anyone wondering what happened.
The truth is another platform did what we did but with a mechanism that allowed for tokens to reach attention, be tradeable via any terminal, which caused increased liquidity and eyes.
$PERP is immutable and liquidity can not be removed, and it will always be the first token backed by $XSOL on solana.
Thoughts on why $PERP has struggled to gain market share with leveraged memecoins on Solana, while other projects have taken the share.
The main problem was network effects of trading terminals in my view, though we have built out a full platform, and launch mechanisms backed by
$XSOL
The main issue has been been instant propagation of new tokens on trading terminals such as Axiom, Terminal, etc.
New tokens on the platform have to be traded via Jupiter, and to view new pairs you have to use our site.
Compared to competitors which instead of backing tokens using leveraged token assets, they launch in
$SOL
pairs and use fees to fund leveraged collateral, this gave competitors the eyes and reach from being integrated with terminals.
I just wanted to give a quick message to not leave anyone hanging for why the platform has been failing, which many can see compared to competitors, and not leave anyone hanging wondering "what happened"
The truth is the whole mechanism has caused issues with attracting new eyes due to the only way to trade $PERP or trade tokens on perppad through jupiter.
$PERP is still immutable and the first real leveraged token backed by
$XSOL
on solana, and the platform is still useable.
But some thoughts above of what has failed so far over the last week of working on building out the application and token.
memecoins, backed by perps!
launch & trade VIA https://t.co/q7YRtQ3rJ0
$PERP
What makes us different?
All tokens are paired to $XSOL powered by @hylo_so, where all tokens benefit from a underlying non liqudiating sol long, more pairs can be added based on pairs Hylo adds, which they are working on more leveraged tokens.
@vibhu@drews888@SolanaFndn@PhoenixTrade Hey Vibhu, wondering your thoughts on what we built at https://t.co/rxIJeVzj2i?
The first ever leveraged memecoin launchpad using @hylo_so backed assets for the quote tokens, providing 3x leveraged non liquidating longs backing coins that users create on the platform.
@vibhu@drews888@SolanaFndn@PhoenixTrade Hey Vibhu, wondering your thoughts on what we built at https://t.co/rxIJeVzj2i?
The first ever leveraged memecoin launchpad using @hylo_so backed assets for the quote tokens, providing 3x leveraged non liquidating longs backing coins that users create on the platform.
You can trade $PERP via Jupiter, Titan Exchange or bots that support routing through @JupiterExchange
https://t.co/ARxbeo5iMJ
Launch and trade leveraged memecoins on https://t.co/rxIJeVzj2i
The leveraged memecoin launchpad on Solana.
Backed by non-liquidating 3x SOL long perps, XSOL
Powered by $PERP (The first leveraged memecoin on solana)
@hylo_so and @MeteoraAG
Tradeable VIA @JupiterExchange
2yALLYqGdczwW1JGPsFqvhCfRaHb3jucpjwNSLFznqHM
App: https://t.co/q7YRtQ3rJ0
Perpcoin: https://t.co/LE470yhvlg
Every token struggles overtime to maintain price action and momentum, using @hylo_so 's XSOL as our reserve asset and @MeteoraAG
We were able to create the first ever leveraged memecoin on SOL, and the first ever leveraged launchpad.
https://t.co/m4iAtnGKSD
This done via @MeteoraAG leveraged token pairs from @hylo_so
Currently $XSOL is available and the Hylo team said they are adding more pairs soon.
Hylo is a trusted platform in the space backed by
@robotventures@colosseum@solanaventures
$PERP https://t.co/VhIKwvptuV is the truly on chain, leveraged token launchpad on solana.
PERP is the only platform on solana that actually lets you launch leveraged backed tokens, you can only do this via @hylo_so, completely on chain without any centralized hosted programs.
PerpPad uses $XSOL pairs which is a 3x leveraged solana long, without liquidation.
Similar projects such as @altdotfun use @BounceTech which is the equivalent of Hylo but on HyperEVM.
You can only trade it VIA Jupiter, Titan Exchange, Meteora or bots that route through jupiter due to pairs being XSOL pairs, similar to how AltDotFun uses Bouncetech token pairs.
$PERP - Perpcoin is the first ever leveraged backed memecoin on solana.
https://t.co/siKA9dRM8h