Binance has announced a new token generation event (TGE) mechanism that will allow users to participate in real-time price discovery. The mechanism will be launched on July 15 and will serve as the first experimental token sale using a bonding curve.
New TGE Mechanism from Binance
Binance will present a model inspired by Pump.fun. The system utilizes a dynamic bonding curve that changes the prices of tokens based on demand. The first project will be announced via the official Binance Wallet account on X.
Participation Rules and Trading Conditions
To participate, users need to have sufficient Binance Alpha Points and BNB in their Keyless Wallet. Buy orders are non-withdrawable, and BNB will be locked during the event. Unfulfilled orders and unused BNB will be refunded at the event's conclusion.
Response to Increasing Memecoin Competition
The announcement coincides with increased pressure from other launchpads. Binance is reacting to a competitive memecoin market; unlike previous free airdrops, the new model requires active user participation.
The introduction of the token generation mechanism allows Binance to strengthen its competitiveness in the market, offering users new opportunities for participation and price discovery.
