👩💼 A new TGE $AKE on Binance Wallet has just been announced
💼 Event period is August 21 from 11:00 to 13:00 (08:00 - 10:00 UTC)
👆 Upon closer examination of the event, it can be noted that it will follow the mechanics of 'Bonding Curve Edition'
We have already had an event with a similar mechanism, so I will say right away — you definitely need to participate. Unfortunately, I couldn't score high enough then, but users who managed to buy seem to have very positive feedback about the previous event. The profit was around $200 - $400.
What is TGE based on a bonding curve in Binance Wallet?
The TGE (Token Generation Event) on Binance Wallet is an event during which users gain early access to new tokens before they are listed on the exchange. Unlike the usual fixed price, a bonding curve model is applied here, which automatically determines the token price based on the number of tokens already purchased: the more that are bought, the higher the price becomes. This allows trading of tokens during the event among other participants, ensuring a market and liquidity from the very start. During the TGE, tokens can be purchased with $BNB, subject to limits, and the funds from sales go into the project's liquidity pool.
Why is a bonding curve needed and what are the risks?
The bonding curve allows for fair and transparent pricing of the token based on demand, avoiding speculation at the start and ensuring liquidity even for new projects. However, participants should consider that the price is dynamic and can rise or fall quickly, especially during high demand or sales. During the TGE, tokens can only be sold and purchased within the event among its participants, and after it concludes, they become available for trading on the exchange. Participation in such a model does not guarantee profit and requires an understanding of the risks — volatility, limited liquidity, and project specifics.
Please note: once purchase orders are placed, they cannot be canceled, and the deposited BNB is locked until the event concludes.
