Decentralized exchange Sushi has announced the launch of a new launchpad for memcoins called Dojo. About this informs Іncrypted.
The developers of Sushi noted that a number of security issues were discovered during the launch of memcoins, especially with the Pump and Dump scheme. This scheme involves artificially inflating the prices of digital assets and then selling them at peak levels, often resulting in a sharp drop in asset values and financial losses for investors.
To protect users from such manipulations, the Sushi team decided to create a platform that uses Sushi V3’s anti-dumping mechanisms aimed at preventing Pump and Dump and rug pull schemes. Dojo aims to provide a safer environment for memcoin trading.
Members of the crypto community are hopeful that Dojo will be able to avoid the problems often encountered by other platforms such as pump.fun and SunPump.
The developers also emphasized that once an asset is created on Dojo, it will be regularly stored on a decentralized exchange, which will help prevent price manipulation.
Interestingly, against the background of the launch of the Dojo platform, the Sushi Token (SUSHI) price increased by more than 7% in 24 hours, reaching the level of $0.5812. The asset has a market capitalization of $151.8 million and a trading volume of $17.9 million in the past 24 hours.
