What are token launch platforms?

Pump.fun and Moonshot are popular Web3 token launch platforms.
Take Pump.fun as an example: it’s a Solana-based platform for issuing and trading meme coins, featuring fair launches. By simplifying the token creation process, it lowers the technical barrier to entry, enabling anyone to issue a token for less than $2. This has led to a surge in newly listed trading pairs on decentralized exchanges each day. Since its launch in January 2024, Pump.fun has rapidly gained popularity in the community and has played a key role in fueling, or even reshaping, the meme coin trend.
Pump.fun introduced a new token launch paradigm, paving the way for similar platforms like Moonshot and Four.meme. Gate Alpha plans to support more popular token launch platforms in the future.