Bitcoin News Today: Blockminer Launches Fair Token Platform to Combat Meme Coin Scams

Blockminer has launched a token-launch platform designed to address persistent issues of fairness and transparency in the cryptocurrency token creation space. The platform, built on simplified Proof-of-Work (PoW) principles and anchored to Bitcoin, allows creators to issue tokens that are openly mineable from the start. This approach aims to eliminate practices such as insider manipulation, rug pulls, hidden allocations, and bonding curve abuses, which have plagued many token launchpads[1].

The timing of Blockminer’s launch is significant, coming amid growing concerns about fraud in the meme coin sector. In 2024, investors lost over USD 500 million to rug pulls and scams involving meme coins, according to a February 2025 report by CoinDesk citing blockchain analytics firm Merkle Science. Platforms like Pump.fun have seen over 5.3 million meme coins launched in a single year, many of which were abandoned or designed as pump-and-dump schemes, as noted by Investopedia. Market research by BDC Consulting also highlights that approximately 70% of new meme coins in 2024 were associated with manipulative practices such as insider dumping and liquidity draining[1].

Blockminer’s solution introduces a tokenization model where users can convert Bitcoin into “energy,” spin up secure virtual mining rigs on cloud infrastructure powered by the Internet Computer Protocol (ICP), and mine tokens using SHA-256 hashing algorithms. Every token created via Blockminer is a Bitcoin-native “runes” token, ensuring secure and transparent on-chain creation. This eliminates the need for specialized hardware or extensive crypto knowledge, thereby democratizing access to token creation and mining.

Kal Finney, CEO of Blockminer, emphasized the company’s commitment to restoring the original ideals of crypto. “Too many platforms reward insiders through manipulated launches, unfair bonding curves, and hidden allocations. We fundamentally reject that,” Finney stated. He added that Blockminer leverages Bitcoin’s trusted PoW methodology to ensure token launches are transparent, accessible, and verifiably fair[1].

At the core of Blockminer’s offering is the Automated Liquidity Program (ALP), which replaces traditional bonding curves with a system that transparently directs mining energy fees into liquidity pools at defined tiers. Once a token enters the initial 25% tier, contributions are automatically triggered every 200 Energy units with slight randomization to maintain fairness, token stability, and market confidence[1].

The platform also allows creators to choose from five predefined token types, each with distinct total supplies, block times, and distribution durations. Future updates will introduce faster token options and a retroactive rewards program for early token creators[1].

“Blockminer was built by crypto industry veterans who are deeply familiar with the sector’s challenges,” Finney said. “By embedding transparency directly into token mining and liquidity processes, we’re shifting power back to fair participants and genuine communities”[1].

To encourage community growth, Blockminer has also launched a Refer-to-Earn program, offering users lifetime earnings of 10% on energy purchases from referred members. The Token Launcher and Refer-to-Earn programs are currently live at Blockminer.fun. Updates and announcements are available via the platform’s X account[@Blockminerfun].

Blockminer.fun is an innovative platform dedicated to fairness, transparency, and community-driven innovation. Inspired by Bitcoin’s PoW principles, it enables participants to engage in ethical token launches without the risk of hidden allocations, secret wallets, or manipulated market conditions. By prioritizing verified fairness and robust on-chain solutions, Blockminer aims to reclaim crypto’s promise and restore trust in digital asset creation[1].

Source:

[1] Blockminer Unveils Token Launcher, Bringing Proven Fairness and Transparency to Token Creation

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