Does Blink bring a new wealth effect after going online? The first Token SEND raised more than 100 million US dollars, and the ecosystem is still in its early stages of development.

Author: Frank, PANews

On July 14th, after the Blink feature went live, the first ecosystem community token $SEND officially started its issuance. The official hard cap was set at 999 SOL, and it ultimately received deposits of 720,000 SOL (the excess amount will be refunded), worth over 100 million US dollars, surpassing WATERToken’s fundraising of 41 million in June, making it the highest presale amount on the Solana chain.

This is not the first time that SEND has become a hot topic. On July 7th, SEND released 100,000 Non-fungible Tokens through the Blinks feature. The price of this series of Non-fungible Tokens skyrocketed after its launch, with the highest daily increase reaching 10 times. In a short period of time, the volume surpassed well-known Non-fungible Tokens such as BAYC and Punks, becoming the first on the entire network.

Will the content and products related to Blink become a new gathering place for the wealth code? After research, PANews believes that Blink may build a unique ecosystem, but it is still in the early pioneering stage. Previously, we introduced the functional content of Blink in an article. (Related reading: A detailed explanation of the latest Blink function on Solana: online triggering a community-wide discussion, a killer application or a feint?)

Raised over $100 million in presale, but performed poorly after listing.

The official introduction of SEND is “a community Token used to incentivize interaction and development on Solana’s BLINKS”, and its tweet has been retweeted by Toly, co-founder of Solana. At present, the team behind it has not been revealed. From the official website of SEND, it is very likely that SEND will provide Tokenmint, trading and other functions around Blinks. The website currently has only a simple page and cannot yet achieve interaction.

Among the products that have already passed the Blink function review, many have been put into use. Although SEND has not yet released any products or tools, as the first project to officially issue tokens in the Blinkzone, the fundraising of over 100 million US dollars indirectly proves the high market expectations for Blink. In the end, SEND still adhered to the hard cap setting of 999 SOL, returning the remaining SOL to the users. However, perhaps due to the small total pool of tokens, the listing of this token did not trigger a big pump in the market, but instead rapidly fell after reaching a high point.

155 products have been approved in the ecosystem, or will there be strong competitors to Pump.fun?

After nearly 2 weeks of development, the newly added projects on Bink have experienced rapid growth, from just a few demo contents to 155 projects listed as of July 15, of which 153 are marked as trustworthy and 2 are marked as malicious. Many of these projects have only registered links at the moment, with no product content on their webpages yet.

In addition, among these approved projects, 25 of them are domain names registered specifically for Blink, and the remaining long are applications registered for compatibility with Blink functionality in the Solana ecosystem. However, some developers have exposed that the audit efficiency of Solana is low. ZEN, the founder of blinkeditor, said that it took 10 days to pass the audit for his three Blink products. However, from PANews’ observation, since ZEN’s complaint, the audit speed of Blink has improved a lot. On average, 5 new products will be launched every day.

In the existing Blink products, the ones currently followed more long by the community are blnk.fun and blinkeditor (the official promotion of blinkeditor is currently in a banned state), both of which integrate the function of one-click issuanceToken. From the experience, the process of issuance is similar to Pump.fun, where users only need to set parameters such as quantity, price, description, etc. to publish a Token, and after sharing it on social media such as Twitter, it can be directly purchased by users.

The current feature is still in its early stage and no phenomenon-level Token has appeared yet. However, from the perspective of product features, Blinkissuance’s Token has advantages in several aspects over Pump.fun.

First of all, the propagation of Blink’s MEME token can be directly shared and purchased on Twitter, which can maximize the social influence of the propagator. Once the undeveloped distribution function is launched, it can be foreseen that the community’s propagation ability will be maximized.

In addition, besides the function of issuing coins with one click, Pump.fun’s biggest advantage was that it could form a platform for aggregating information about MEME coins. However, compared to Twitter, the information aggregation aspect is no longer considered an advantage. In addition, the functions that Pump.fun has always lacked, such as developer identity verification and community influence indicators, can also be more intuitively presented on social media platforms like Twitter.

However, Blink may still have difficulty replacing Pump.fun as a gathering place for gold dogs in the short term. Compared with Pump.fun, Blink relies too much on the personal influence of the publisher and there is currently no platform for aggregating Token information, which may result in insufficient traffic concentration.

May Build a New Ecological System

After days of experience and research, PANews found that Blink may build a new ecosystem. A batch of tool products will appear around Blink, such as Blink Product Summary (blinkfans), MEME Coin issuance (blnk.fun), one-click publishing of Blink links (blinks.best), and other tools. Artists or influential figures can develop their own MEME tokens or Non-fungible Tokens without code on these platforms and directly issue them on social media. Users try to profit by discovering these potential wealth codes. Developers need to adjust products and develop new requirements according to market needs. The future development of this ecosystem may not be limited to the encryption field, which seems to be like WeChat with payment functions for Twitter.

According to the content of the article by SEND, there are currently more than dozens of ideas being proposed. However, only after these ideas are implemented can the real Blink frenzy be ushered in.

Of course, the current Blink is mainly focused on the issuance of long-term products around MEME coins. Most of the approved links are new features added by old projects. For project parties and open-minded individuals with ecological construction capabilities, the current competition environment of Blink is still relatively relaxed. For ordinary investors, Blink should have the genes of creating wealth, but under the current circumstances, it may be more suitable for experiencing products and following.