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Binance Adds Pump.fun-Style Token Launch Model
In a recent update, Binance has announced the launch of a new token generation event (TGE) model, which resembles the structure used by Pump.fun. This development marks a significant step towards redefining the way token launches take place on the platform.
The newly introduced bonding curve-based TGE model follows a unique pricing mechanism where prices rise automatically based on real-time user demand during live events. The innovative approach aims to provide users with a clearer means of participating in early-stage token sales while minimizing automated trading activities.
To join these events, users will be required to have a balance of Binance Alpha Points along with BNB in their Wallet. This new system is designed to make access more consistent for active users and limit the impact of automated trades during the token event.
This move comes as the competition between meme coin platforms continues to grow. Recently, LetsBONK surpassed Pump.fun in terms of token launches and trading volume on Solana.
Notably, this development aims to provide a more open approach to determining token value before a full market listing. The system allows prices to fluctuate based on user demand, creating a more dynamic and transparent experience for participants.
To take part in these events, users will need to have both Binance Alpha Points and BNB in their Wallet.
Source: cryptopotato.com
