# Party’s New Tool Makes Memecoins Unruggable

*Author: William M. Peaster*
*Published: Mar 27, 2024*
*Source: https://www.bankless.com/party-unruggable-memecoin*

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Party's latest release, the [Token Launcher](https://twitter.com/prtyDAO/status/1773044893159505969), is a game-changer for memecoin fans. Say goodbye to the days when a single person could run off with all the money raised for a new coin. This new tool lets anyone start a project where folks chip in ETH, create a new coin, and make sure everyone gets their fair share, programmatically and as a group.

![](https://lh7-us.googleusercontent.com/IQU3zxeAWxyFVjzOlGsIWKa995FEgvL5X_AlFGNHSFZOXEJnjQXcRuI9eFIPgibxM1SRWbC_6ItgKj6dpZV_q31WusetPKdtPWi4j6QjgqrQptEAvnNDCEMYGa9hGeaVKiV8fiq36yKnaJk02uUdlIg)
## **What's the scoop?**
- The Token Launcher uses smart contracts to gather funds, kick off a new coin, and then trustlessly set up a way for people to trade it. 
- Once the desired amount is raised, it takes just one click to create a memecoin, make a liquidity pool with all the deposited ETH, and then distribute tokens to all participants. 
- No more having to trust one person or an unknown team to not take all the presale money and run!

## **Bankless Take:**
Recently, more than a few memecoin presales have been rugged. Now, imagine being able to easily join forces with others to bring a fun new coin to life, knowing your investment is safe from theft. That's what Party's offering here. The Token Launcher’s a big step toward making the world of memecoins a bit less wild west and a lot more community garden, where everyone's got a fair shake and their fair stake!