No LP, no insider meme new lottery station, can Super.exchange save the bear market?

Author: Ashley

The market has long suffered from insider trading. This is likely a lament shared by every degen who has been harvested by President Coin and Wife Coin. After enduring the struggles of being a retail investor and rug pulls, a waterfall event yesterday once again caused market sentiment to turn to FUD.

At this moment, "No LP, no insider." "We will save the bear market!" ------ A project named Super.exchange made a superhero-like declaration to save the market, striking at the pain points and quickly gaining attention in the community. What magic does this new asset issuance platform in the Solana ecosystem possess?

Upgraded Pump.fun

Why are meme insider trading incidents frequent, sniper attacks continuous, and pool withdrawals common? According to Super.exchange, a significant part of the problem lies in the fact that "Bonding Curves have been broken" ------ this is one of the core reasons why tokens fail to achieve price discovery and experience wild fluctuations.

To address early control issues, Super.exchange has upgraded the traditional bonding curve to an Infinite Bonding Curve, also known as Super Curve, making price increases more gradual. The principle of Super Curve is not complicated; it can be viewed as a Bonding Curve composed of seven different curves. These seven curves are like the gears of a manual transmission car; for the car to accelerate, it must shift gears. Similarly, to "accelerate" the price of a token, its underlying liquidity must also "shift gears." The seven "gears" of Super Curve promote rapid and sustained price growth while maintaining market depth stability.

So what does Super Curve solve? Traditional bonding curves often allow certain buyers to accumulate a large proportion of the token supply due to slow early growth. Later, rapid curve growth can lead to liquidity gaps, making continued trading difficult without market maker support. However, with Super Curve, all price ranges have permanently locked liquidity, avoiding rug risks and ensuring sustainable price growth.

Comparison of token growth using Super Curve and traditional Bonding Curve, image from @_superexchange official account

To be more specific, controlling 80% of the token supply through the traditional Bonding Curve on Pump.fun requires less than $20,000, with the price only increasing 15 times. But on Super, to buy 80% of the tokens, the price would rise 40,269 times. This makes it very difficult to accumulate a large number of tokens at a low price in the early stages.

Market depth characteristics of Super Curve compared to traditional models, image from @_superexchange official account

On Pump.fun, as market capitalization increases, the depth of the pools rapidly declines. Super.exchange has created a safe and growth-oriented trading environment by eliminating reliance on liquidity providers, preventing pool withdrawals, and ensuring sustainable liquidity.

Not only is there innovation in Super Curve, but Super.exchange has also keenly addressed another pain point that has troubled everyone from small players to big players during meme trading ------ the uniqueness of tickers.

Do you remember the Broccoli War on BNB Chain half a month ago? A large number of homogeneous tokens were issued simultaneously, flooding the new coin board with the same images and names, leading to intense PVP. But trying to search for $SUPER on Super.exchange yields refreshing results. No more need to check each one for authenticity; each ticker is a unique identifier for the token, and all use uppercase letters, putting an end to the case sensitivity debate.

Finally, Super.exchange has created its own platform token, $SUPER. $SUPER is 100% owned by the community, featuring a deflationary mechanism and a transparent buyback and burn policy. The total supply of $SUPER is 1 billion, launched fairly with no reservations, no front-running, and no VC allocations. Of this, 50% of platform fee revenue is used to buy back $SUPER and burn it, executed by smart contracts every five minutes, with the entire process transparently recorded on-chain. Moreover, as the platform develops, the scale of buybacks will expand, driving long-term price growth and establishing a growth flywheel for the community.

How to Use Super.exchange

How can users get started with Super.exchange? After entering the homepage and linking their wallet, users can interact with the following three main functions.

How to Issue Tokens

In the upper right corner of the homepage, you can see the "create" option. After clicking it, simply enter the token's avatar, ticker, and name to complete the creation. If the chosen ticker is already taken, you cannot issue a token with the same name. It supports combinations of numbers and letters within 10 characters. Other options can be modified after community voting, except for the ticker, which cannot be changed once created. Based on practical results, issuing a token requires about 2.5% in fees, slightly more expensive than Pump.fun.

How to Buy Tokens

Super.exchange also distinguishes between internal and external markets. By clicking "MARKETS" on the homepage, you can see the token board, where "Markets" refers to the external market; "New Pairs" corresponds to the internal market. The market capitalization of each token is calculated using Super Curve. By clicking on the token avatar, you can enter the purchase page and set the amount and slippage yourself. After purchasing, you can view the acquired assets in "PORTFOLIO."

How to Obtain $SUPER

Currently, the official website only provides two ways to obtain $SUPER: trading and referrals. The higher the trading performance of a token, the more points you earn; inviting friends allows you to earn 25% of their trading points. 1 point = the right to purchase 1 $SUPER, meaning only active traders on the platform have the right to buy $SUPER, benefiting early users who genuinely use the platform for trading, rather than allowing whales to lock millions in liquidity in new DeFi protocols.

Will It Be the Superhero of Memes?

It seems that Super.exchange has indeed addressed some of the pain points currently plaguing the meme market: insider trading by market makers, low-price accumulation, difficulty in distinguishing tickers, and rug pulls after price surges. These issues have filled the market with uncertainty and a crisis of trust after memes have completely devolved into a casino. In this regard, Super.exchange, through its unique design and mechanisms, appears to provide a solution to these chaotic phenomena, at least superficially making the trading environment seem more transparent and fair.

However, if we look back at the entire meme super cycle, its rise is more of a community-driven cultural phenomenon rather than something that can be fully covered by technology or token issuance mechanisms. Although Super.exchange has optimized the trading mechanism, it is hard to deny that a large part of the appeal of memes comes from the lottery-like experience and the myth of wealth creation that Pump.fun has tailored for them.

Current improvements may curb some speculative behavior, but they hardly answer the following questions: How can a strong and lasting community consensus be quickly formed without the short-term stimulus of price surges? If the lottery odds of memes are no longer enticing, will it still attract so many people to sit idly and bring new liquidity? Especially in the current bear market, will memes be cleared by the market as oversupply, or will they continue to transcend cycles with their emotional and ideological value? This may be the true key to the future development of memes.

For Super.exchange, can it filter out truly consensus-driven and valuable memes through a more reasonable price discovery mechanism after the market has been riddled with wounds? Under the dual drive of innovative mechanisms and community flywheel effects, can it become the superhero that saves memes? Perhaps only time will tell.