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Binance Adds Pump.fun-Style Token Launch Model
Cryptocurrency exchange and trading platform Binance has announced the introduction of a new token launch model, which is based on the same principle as Pump.fun’s bonding curve. This move comes at a time when meme coin platforms like LetsBONK have surpassed Pump.fun in terms of token launches and trading volume on Solana.
The new pricing model allows for live pricing during events, with prices adjusting based on real-time demand. Furthermore, all buy orders remain locked until the event ends, providing an additional layer of protection for users who may be eager to invest in a particular project.
It is worth noting that this new system is designed to provide a more transparent and open way for token values to be determined before full market listing. To participate in this initial offering, investors will need to hold both Binance Alpha Points and a balance of BNB in their Wallet.
Alpha Points are part of an internal scoring system used by Binance to determine eligibility based on platform activity. In essence, the goal is to provide consistent access for active users while limiting automated trades during token events.
In conclusion, this development aims at offering early-stage token sales with a clearer path for users to join.
Source: cryptopotato.com
