Binance Launches Dynamic Token Sale Format to Compete in Memecoin Space

Binance is rolling out its first token generation event (TGE) using a live price discovery model, letting prices shift dynamically based on demand through a bonding curve. This approach allows early participants to buy tokens at lower prices, while later buyers pay more, creating a competitive and transparent environment. The format is inspired by platforms like Pump.fun and is being tested via a partnership with Four.Meme. The TGE starts July 15 via the Binance Wallet app. Users must hold enough Binance Alpha Points and BNB in their keyless wallets. Buy orders are non-refundable, and any unused BNB is returned after the event. Tokens remain non-tradeable during the event and will later be offered on Binance Alpha. This launch reflects Binance’s strategic shift in response to rising competition from new memecoin launchpads like LetsBONK and Pump.fun, emphasizing active participation over free airdrops.

Source: Coinpaprika