Bitcoin Memecoins are a New Trend in the Cryptocurrency market. They are leveraging the popularity of Bitcoin while introducing unique elements that attract a variety of investors and traders. Odin.Fun emerges as a noteworthy platform where enthusiasts can effectively engage in trading these Memecoins (Runes).
In this Ultimate Guide, I will walk you through the main concepts and information about the OdinFun project and why it is capturing the attention of the Bitcoin Memecoin World.
What’s OdinFun?
Odin.Fun is a website and Bitcoin Memecoin Launchpad (Runes Marketplace and Trading Platform). It offers a user-friendly interface and various tools to create, launch and trade Bitcoin Memecoins, also known as Runes.
Odin.fun was launched on January 30, 2025, by Bob Bodily. Since its inception, the platform has established itself as a prominent Bitcoin launchpad for memecoins – tokens that typically derive their value from market speculation rather than practical utility, despite projects being able to create value for their users in other ways, such as we are doing through the Banana Zone Guy Community
On the platform, users can perform 2 main operations:
- Create and Launch: Users can generate their own memecoin tokens on the Bitcoin blockchain and release it to the public
- Trade: Once launched, the tokens can be bought and sold on the platform.
OdinFun Creator
Bob Bodily is the creator of OdinFun. You can find him an the OdinFun team on their social:
- Bob Bodily X Account: BobBodily
- Odin.Fun X Account: Odin_GodOfRunes.
OdinFun Fees
The business model around the Odinfun memecoin launchpad revolves around small fees paid by users based on 2 actions users can perform on its platform (create a token or trade an existing token), and according to each action, the platform charge a specific fee.
OdinFun Fee Structure
According to Odin.fun’s FAQ, users pay small fees to create and trade Bitcoin memecoins as follows:
Token Creation
- It cost 3,333 sats (smallest unit of Bitcoin) to create a new memecoin on Odin.fun
Trading Fees
- Applied when buying or selling tokens on the platform
- 1% on all trades along the Bonding Curve
- 0.5% on all AMM swaps (0.3% to liquidity providers and 0.2% platform fee)
| Action | Fee |
|---|---|
| Create a coin | 3,333 sats |
| Buy or sell a coin while on the Odin Bonding Curve | 1% on all trades |
| When a coin graduates from the Odin Bonding Curve to Odin AMM | 0.5% on all AMM swaps |
What’s Bonding Curve on OdinFun?
The Bonding Curve on Odin.fun is a fundamental pricing mechanism that dynamically adjusts token prices based on supply and demand. This model ensures that early buyers benefit from lower prices, while subsequent investors pay progressively higher rates as more tokens are minted. By leveraging a mathematical curve, typically exponential or logarithmic, the bonding curve facilitates smooth price discovery without relying on traditional order books.
On Odin.fun, this system is crucial for liquidity management, as it guarantees that there are always buy and sell opportunities. When a user purchases a token, their investment increases the price along the curve, and when they sell, it moves downward, stabilizing market fluctuations. This self-sustaining liquidity model attracts crypto traders looking for fair and transparent tokenomics.
On the Bonding Curve on Odin.fun, any New Token starts at 0.11 Sats ($3,000 Market Cap) and trades on it until 80% of the token supply is sold for 0.211 BTC.
What’s Ascend on OdinFun?
The Ascending Process on Odin.fun is when a token bonds. Tokens created on Odin initially trade along a Bonding Curve, where 80% of the token supply is sold for 0.211 BTC. Once the token bonds, in other words, it ascends, the the remaining 20% of the token supply and 0.2 BTC is deposited into an AMM Pool to enable additional trading. At this point, tokens trade along the AMM curve (k = X * Y) instead of the Bonding Curve (y = e^x).
On Odinf.fun a token ascends at 4.76 Sats ($100,000 Market Cap).
This process is similar to the Pump.fun Graduation Process.
What is a Sat?
Sat, short for Satoshis, is the denomination of the smallest unit of Bitcoin. 1 satoshi (1 Sat) is equal to 0.00000001 Bitcoin.
What is an AMM?
AMM stands for Automated Market Maker, a Decentralized Exchange (DEX) protocol. Unlike traditional exchanges that rely on order book systems matching buyers with sellers, AMMs use algorithms and liquidity pools to facilitate asset pricing and trading. These liquidity pools are composed of different token pairs, with a mathematical formula setting the exchange rate. This system is automated and permissionless, allowing trading 24/7.
OdinFun Advanced
The OdinFun website features a filter functionality where users have access to more information about the Bitcoin memecoins created on the platform.
On the platform, users can view information about the memecoins in 4 different categories (columns):
- Last Created
- Ascended
- King of the Hall
- Trending
In addition, users can apply 4 different filters to identify potential investment opportunities by filtering the tokens based on:
- Type (Ascended / Not Ascended)
- Etched (Etched / Not Etched)
- Market Cap
- Volume
Last Created
This column displays the latest memecoins (tokens) that have been created. It changes most frequently as new tokens are constantly being added.
Ascended
This column shows the tokens that ascended or not, in other words, are close to reaching the necessary liquidity to go to the AMM Pool.
How to Use OdinFun: A Beginner’s Guide
As explained before, on Odin.fun, you can basically perform 2 actions: create a memecoin or trade existing memecoins.
Take a look at how to perform these actions on the website:
How to Create a Coin on OdinFun
Creating a coin on Odinfun is a straightforward process. Here’s a step-by-step guide to help you:
- Access the webiste Odin.fun
- Connect your Wallet (Bitcoin wallet)
- Click in “Create”
- Define the coin’s parameters:
- Name
- Ticker (Runes Ticker)
- Description
- Token Logo
- Telegram link (optional)
- Website link (optional)
- Twitter or X link (optional)
- Buy the Token (Optional)
- Click Create Token
After confirming all the details and signing the transactiosn your coin will be lauched. Now it is available for trading on the Odinfun platform.
How to Trade on OdinFun
Trading on Odunfun is a simple process. Here’s a step-by-step guide to help you:
- Access the webiste Odin.fun
- Connect your Wallet (Bitcoin Wallet)
- Find a memecoin
- Use the options Buy or Sell
Why Use OdinFun?
There are several reasons to use Odinfun. Take a look at the key features of Odin.Fun:
- Economic Efficiency: Enables rapid and cost-effective token creation and cheap transactions (trading).
- User-Friendly Interface: Designed to accommodate both newcomers and experienced traders, providing easy navigation and clear instructions.
- Security Features: Incorporates advanced security measures to ensure the safety of transactions and personal data, critical in the cryptocurrency space.
- Liquidity Options: Ensures that trades can be executed efficiently without delays, an essential feature for actively traded assets like memecoins.
What are Bitcoin Memecoins?
Bitcoin Memecoins are fungible tokens created and traded on the Bitcoin original blockchain. They are a playful evolution in the Cryptocurrency Memecoin Market, blending Bitcoin’s foundational technology with the humor and viral potential of memes. These tokens (coins) often captivate a diverse range of investors by leveraging internet culture, offering unique narratives and community-driven value, while maintaining speculative appeal through their volatile price movements.
The main protocol used to create Bitcoin Memecoins nowadays is the Runes Protocol. That’s why Bitcoin Memecoins are commonly known as Runes.
What is Runes?
Runes is a protocol that facilitates the creation of Fungible Tokens on the Bitcoin blockchain, utilizing Bitcoin’s UTXO model. These Fungible Tokens on the Bitcoin blockchain can be used for several purposes, such as Bitcoin Memecoins.
While it’s tempting to oversimplify and say that Runes are essentially Memecoins on the Bitcoin blockchain, this statement isn’t entirely accurate.
Conclusion
Odin.Fun aims to establish itself as the leading Memecoin Launchpad in the Bitcoin ecosystem, offering deep liquidity, fast transactions, and an easy step-by-step memecoin creation process. If you want to explore the Bitcoin Memecoin market, Odin.fun is an excellent choice.
Now that you understand how it works, why not start using the platform to find some opportunities? Always remember to trade responsibly and conduct thorough research – Do Your Own Research (DYOR) – before making investment decisions in memecoins as this market is known for several Rug Pull cases.
Untill next. Keep Grinding! Stay a BZGUY!
