Launchpad wars: pump.fun clones and how platforms split the pipeline

The "launch button + bonding curve + fee" model turned out to be so profitable that clones appeared on every network. For a degen this means: there are many pipelines, the rules differ slightly across all of them, and you need to know the difference.

How the clones differ

• Curve parameters: starting price, steepness, graduation threshold - these determine how much early buyers manage to earn and how painful it is for latecomers to catch up.
• Where the liquidity goes: burned, locked for a period, or sent to the platform - three different levels of trust after graduation.
• Deployer incentives: some platforms share fees with token creators - this filters spam in both directions: it motivates both quality and pipeline-style production.
• The platform's own token: clones like to issue their own tokens with a "share of fees" - evaluate them like exchange tokens: by the platform's actual turnover, not by promises.

Platform selection filters

Turnover and the number of graduations (whether the funnel is alive), audit of the curve contracts (custom code = custom holes - there have been precedents of clone exploits), transparency of liquidity after graduation. Meme activity migrates between platforms in waves chasing incentives - tracking these waves is more useful than staying loyal to a brand. The pulse of the sector is in the section.