SODA Raises Pre-Seed Funding to Launch No-Code Telegram Mini App Platform for Memecoins

Singapore, November 25, 2024 – SODA, a no-code Telegram Mini App (TMA) launcher and distribution infrastructure designed for consumer crypto, has successfully closed its pre-seed funding round. The round was led by Gagra Ventures with notable angel investors participating, including Kenny Li (Founder of Manta Network and p0x Labs), Marat Khichikov (Managing Partner at Bitfury Group), Seb (Founder of Sophon), and Omakase (Early Contributor of Sushiswap).

Disrupting the Memecoin Ecosystem

SODA’s platform aims to revolutionize the way memecoins are launched, distributed, and grown by offering a no-code solution to create Telegram Mini Apps. With its tools, users can create a game featuring a memecoin in under a minute—no coding, art, or game design skills required. This innovative solution disrupts three key areas crucial for memecoin success: onboarding, distribution, and economy.

• Onboarding: SODA provides the simplest onboarding process for both Web2 and Web3 users. Users can get started with AI-generated assets and ready-made game presets, such as idle, tap, or craft games. For users who don’t want to create their own assets, SODA makes it easy to customize the game’s look and feel.

• Distribution: Telegram has become the #1 distribution channel in the consumer crypto space, and SODA allows memecoin creators to leverage this platform. Every Telegram Mini App comes equipped with a suite of growth tools, including an AI agent to generate content, a referral system, a point-based leaderboard, and social media quests.

• Economy: SODA introduces a net positive, PvE, and sustainable token launch economy. Players can climb the ranks in the game and earn tokens through in-game activities. In-game microtransactions, ad revenue, and sponsored quests contribute to the liquidity pool, supporting the long-term success of the token without relying on selling or trading tokens to raise funds.

Simplifying the Token Launch Process

Unlike traditional token launch methods, SODA eliminates the need for trading or selling tokens to kickstart a memecoin project. Memecoin creators can grow their player base, collaborate with other Web3 projects, and organically increase their token’s liquidity through engaging game content and community involvement.

For more risk-seeking users, SODA still allows classic bonding curve trading, but with a twist. PvP (Player vs. Player) trading does not negatively affect the token’s liquidity. In a departure from other platforms, SODA ensures that accumulated liquidity from in-game purchases, microtransactions, and fees remains intact and untouched by bonding curve trades. Players can never become “exit liquidity” for traders, preserving the project’s liquidity and user trust.

Upcoming Features and Blockchain Support

Set to launch in December 2024, SODA will initially support Solana, EVM, and TON blockchains. The platform plans to integrate Move-based chains such as Sui and Aptos in the near future, expanding its reach and capabilities.

Early Ecosystem Partnerships

SODA has already attracted several ecosystem partners to support its vision, including:

• Sophon – A consumer app-chain on the ZKSync stack.
• Movement Labs – Behind Move-based rollups.
• Berachain – A new EVM blockchain set to launch soon.
• Akedo Games – An Asia-based game publisher on Telegram.

These partnerships demonstrate strong support for SODA’s innovative approach to memecoin and game distribution, positioning it as a leader in the growing consumer crypto space.

Investor Sentiment

Kenny Li of p0x Labs praised the SODA team for their unique product and expressed confidence in their prospects. “This is a team of exceptional engineers and I’m happy to support and guide them in their founder journey. We are very bullish on their prospects,” said Li.

Arsenii Dain, Investment Partner at Gagra Ventures, echoed these sentiments, noting that SODA offers a “unique product to the market” and is poised for significant success.

Looking Ahead

SODA is positioning itself as a key player in the evolution of memecoins and consumer crypto, offering creators a platform that combines ease of use, powerful distribution channels, and innovative economic strategies. With the upcoming release in December 2024, SODA aims to make memecoin creation and distribution accessible to anyone, regardless of technical expertise.

To learn more about how SODA is transforming the consumer crypto landscape, visit their official website or follow them on X and Telegram.

About SODA

SODA is a no-code platform that empowers memecoin creators by providing tools to launch and distribute Telegram Mini Apps (TMAs) without the need for coding, art, or design skills. By leveraging AI-generated assets and simplifying the onboarding process, SODA aims to democratize the creation and growth of memecoin ecosystems.

For more information on early access and the project’s vision, visit soda.fun.