In the rapidly evolving world of cryptocurrency, meme tokens have gained significant popularity as the new meta in the spacing, taking over crypto twitter very quickly.

Two platforms that have emerged as hubs for creating and trading these tokens are pump.fun on the Solana blockchain and wonton.fun on the TON (Telegram Open Network) blockchain.

This article aims to demystify how these platforms work and what potential creators and investors should know.

Pump.fun is a platform on the Solana blockchain that allows users to create and trade meme tokens. Here's a breakdown of its mechanics:

1. Token Creation: Users can create a meme token by paying an initial fee in SOL (Solana's native cryptocurrency) of few $.
2. Token Distribution: The creator doesn't automatically receive tokens. They need to buy their own tokens if they want to hold a supply.
3. Earning Potential: Creators don't earn directly from people buying their tokens. The only way to profit is by selling tokens at a higher price than they were purchased.
4. Market Dynamics: When people buy the token, its market cap increases, potentially raising the value of existing tokens. When people sell, the opposite occurs. This is the so called “bonding curve”
5. Raydium Bonding: Some tokens can be bonded to Raydium (a Solana-based decentralized exchange), which may provide a small reward (around 0.5 SOL) to the creator.

Wonton.fun operates on similar principles but on the TON blockchain, which is closely associated with the Telegram messaging app. Key points include:

1. Telegram Integration: Being on the TON blockchain allows for seamless integration with Telegram, potentially reaching a wider audience. Furthermore, you can trade directly from the Telegram Mini App. Also, Telegram supports “wallet”, which is the native wallet embedded in the telegram app already.
2. Token Creation: Like pump.fun, users can create meme tokens by paying a fee in the network's native cryptocurrency (TON coin).
3. Trading Mechanism: The buying and selling dynamics are similar to pump.fun, with token values fluctuating based on market demand.
4. Blockchain Differences: While the core concept is similar, the underlying technology (TON vs Solana) affects aspects like transaction speed and fees.

While platforms like pump.fun and wonton.fun offer exciting opportunities for creating and trading meme tokens, they come with significant risks.

Understanding how these platforms work is crucial for anyone considering participation, whether as a creator or investor.