Binance Reveals Bonding Curve Feature—But It's Not Like Solana’s Pump.fun

Key Points

1. Binance Wallet introduces a token generation event model using a bonding curve mechanism, inspired by Solana's meme coin launchpad.

2. Unlike Pump.fun, users must apply to launch a token on Binance Wallet, maintaining a prerequisite similar to the exchange launchpad introduced in January 2024.

3. The new feature is developed in collaboration with Four.meme, a Binance Smart Chain-based launchpad, with the top token EGL1 having a $92.1 million market cap.

4. The first bonding curve-based token generation event will be on BNB Chain, announced via Binance Wallet's official X account.

5. Bonding curves allow price determination during the token generation event, with tokens potentially listed on Binance's centralized exchange and traded via decentralized exchanges.