[Binance Wallet TGE New Mechanism: Scientist Special] #tge

Today at 16:00, #AKE is the second time Binance Wallet adopts the Bonding Curve (internal market) mechanism. This has several essential differences from the familiar old version of TGE:

🔹 Different pricing method

• Old version: Fixed price subscription, excess allocated proportionally, surplus funds returned

• New version: Price increases with purchase volume, first come first served, cost determined by the market, the earlier the cost, the lower

🔹 Different allocation logic

• Old version: Everyone competes for quotas, and finally looks at the allocation ratio

• New version: No proportional allocation, once the subscription amount is full, you can only wait for others to sell, completely eliminating oversubscription

🔹 Different liquidity

• Old version: Funds locked until the launch, no operations allowed

• New version: Can buy and sell during the subscription period, similar to the internal market, with greater flexibility

💡 Summary:

• For users: More PVP, speed and judgment determine profits, no longer passively waiting for allocation

• For project parties: Financing and price discovery are completed simultaneously, greater valuation space, also easier to attract good projects

👉 AKE is a case under the new mechanism, another experiment belonging to the FOUR version TGE.