Binance Wallet and Four.Meme Launch Exclusive TGE Model Based on Bonding Curve Mechanism
Powered by ChatGPTAccording to the official announcement, Binance has announced the launch of a new token generation event (TGE) model in the Binance wallet that adopts a bonding curve mechanism. This event is launched in cooperation with Four.Meme and is the first TGE event on the Binance platform to use this mechanism. A Bonding Curve is a dynamic pricing model in which the number of tokens purchased directly from the bonding curve contract triggers automatic adjustments to the token price during the TGE. As the number of tokens purchased increases, the price gradually rises along a preset curve. This means that the token price is not fixed throughout the event, but fluctuates according to demand. In the Bonding Curve-based TGE event, users can use $BNB to purchase tokens in the Binance wallet. [Foresight News]