Binance FOUR Version TGE: Detailed Explanation of Bonding Curve Model

Today at 16:00 $AKE 238 minutes (those who qualify must rush to compete with scientists), adopts the Bonding Curve (internal market) mechanism, which is significantly different from the previous version of TGE. Before participating, make sure to understand:

1⃣ Pricing Mechanism

Traditional TGE has a fixed price subscription, while the Bonding Curve raises the price as the purchase volume increases. Simply put, the earlier you buy, the lower the cost, and the price is completely determined by the market.

2⃣ Allocation Mechanism

Old Version TGE: Distribution according to the ratio of “subscription amount/total subscription amount”, with excess funds refunded.

Bonding Curve: First come, first served, with a capped amount, no oversubscription. If the quota is full, you have to wait for someone else to sell before it's your turn.

3⃣ Liquidity Characteristics

You can freely buy and sell during the subscription period, equivalent to internal market trading. The difference is: the wallet will limit the subscription cap for a single account to prevent large holders from monopolizing, while providing investors with more flexible exit options.

💡 Overview of Pros and Cons

• For investors: More flexibility, no fear of oversubscription, can buy and sell based on market judgment during the subscription period. But it also requires sharper insight, as profits and losses are strongly related to the timing of operations.

• For project teams: Saves initial market-making costs, the price is equivalent to the financing amount, and liquidity and price discovery are achieved faster. Compared to the old model, the valuation cap is higher, making it more attractive for high-quality projects.

👉 This is the second internal market TGE, hoping to maintain high returns and continue promoting this method.