Nikolas Sargeant
Kava, the open-source, non-custodial DeFi ecosystem, has announced the launch of HARD.fun. In a press release shared with Cryptowisser, Kava revealed that HARD.fun is the industry’s first decentralized memecoin creation platform and would allow the crypto community to bring their memetic visions to life.
The launch follows a vote by holders of Kava Lend’s governance token HARD, in which an overwhelming majority (more than 80%) backed the proposal. The platform is designed to be the first memecoin launchpad in the world that captures the essence of what memecoins should be – fun, community led-movements that return their rewards back to those who own them, in line with the fundamental values of crypto itself.
While memecoin launchpads are not new, most of the ones currently available are centralized. The launch of a decentralized version like HARD.fun ensures the value of memecoins is properly distributed among their communities.
Memecoin Come Alive with AI
A core mission of this platform is to eliminate the barriers to memecoin creation. The newly launched Kava AI chatbot can entirely automate this process. It can directly query the Kava Chain, plus any EVM and Cosmos-based network.
Furthermore, users only have to tell the chatbot what kind of token they want to create, and the variables they require, and the platform will automatically generate it on the blockchain of their choice.
This feature is crucial because the most successful memecoins are those based on the best ideas rather than the best codebase. HARD.fun will empower users to mint a memecoin with ease.
In future, HARD.Fun’s AI integration will go well beyond simplifying memecoin creation, enabling marketing, and more. The platform will leverage Kava AI’s ability to access the entire user base of Kava Chain to create AI-based agents that can automatically tweet updates and news. Thus, making them a valuable tool for community management.
Furthermore, HARD.fun will take advantage of Kava Chain’s interoperable cross-chain bridge to enable creators to launch memecoins that span the Kava EVM, Ethereum, Cosmos, and IBC ecosystems, and later, BNB Chain, Solana, Tron, and others. HARD.fun is about bringing memecoins to the masses, and any token that launches on the platform will eventually be tradeable on all of those chains.
With the community ethos in mind, HARD.fun implements a novel reward-sharing model that ensures memecoin token holders benefit from their project’s successes, as well as a decentralized governance model that allows everyone to have a say in the future of the platform and its memecoins.
HARD.fun users can decide on the tokenomics of specific memecoins, and vote on the long-term goals and functionality of the HARD.fun platform itself. The platform brings additional utility to HARD token holders, creating a virtuous cycle of community rewards that will drive increased transaction volume, boosting demand and bolstering the value of HARD over the longer term.
As the first community-run memecoin platform, HARD.fun will help drive significant growth and adaptation of Kava Chain, increasing its relevance with every successful token launch.
Kava is a secure, lightning-fast Layer-1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos in a single, scalable network. It operates as a decentralized bank for digital assets, allowing users to lend, borrow, or trade while leveraging the benefits of blockchain technology. Kava aims to provide a seamless and secure cross-chain ecosystem for DeFi and cryptocurrencies to prosper.
