Binance’s new token launch model signals a strategic shift in how major exchanges approach project onboarding. The bonding curve mechanism offers an alternative to permissionless platforms amid growing regulatory scrutiny.
Binance Wallet introduces a curated bonding curve system for token generation events (TGEs), requiring project applications rather than offering open access like Solana’s Pump.fun. The feature launches in collaboration with BSC-based Four.meme, with the first project announcement expected Wednesday.
Unlike Pump.fun’s 10,000+ daily token creations, Binance’s model implements dynamic pricing through bonding curves – algorithms that adjust token prices based on demand during pre-launch trading. Four.meme’s top token EGL1 currently holds a $92.1 million market cap using this system.
Successful TGEs will list on Binance Alpha for DEX trading, with potential consideration for the main exchange. The platform will offer both bonding curve and fixed-price launch options, providing flexibility for different project needs.
Disclaimer
CryptoFeedHub Note: This article is a rewritten summary based on external reporting. Original source: Decrypt