💰 So, tomorrow we will have a great opportunity to spend your Alpha Points — please note that the event will be within the "Bonding Curve Edition"
🟢 Announced TGE $TAKE
💼 It will take place on 25.08 from 11:00 to 13:00
💬 Based on my feelings, the admission will be no less than 240 Points
More details on TGE will be announced tomorrow
What is TGE based on the bonding curve in Binance Wallet?
TGE (Token Generation Event) in 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, here a bonding curve model is applied, which automatically determines the token price based on the number of tokens already purchased: the more people buy, the higher the price becomes. This allows trading tokens during the event among other participants, providing a market and liquidity from the very beginning. During the TGE, tokens can be purchased with $BNB while adhering to limits, and the funds from sales go into the project’s liquidity pool.
What is the bonding curve and what are the risks?
The bonding curve allows for a fair and transparent formation of the token price based on demand, avoids speculation at the start, and guarantees liquidity even for new projects. However, participants should consider that the price is dynamic and can quickly rise or fall, especially with high demand or sales. During the TGE, tokens can only be sold and bought within the event among its participants, and after completion, they become available for trading on the exchange. Participation in such a model does not guarantee profit and requires an understanding of risks — volatility, limited liquidity, and project specifics.
👩🦼➡️ Please note: after placing purchase orders, they cannot be canceled, and the deposited BNB is locked until the event is over.
