Based on MarsBit, PING has launched c402.market, a token launchpad built on the x402 protocol, which is expected to go live on November 10 at 10 PM. The platform allows users to mint new tokens that automatically pair with $PING for trading. Following the announcement, the price of PING surged nearly 50% in 24 hours. The mechanism is similar to Pump.fun on Solana, where $PING becomes a required asset for participation in new projects on the platform. c402.market uses a bonding curve model, with 49% of each token supply allocated to liquidity and 2% to developers. The platform collects USDC from minting and converts it to PING to add liquidity to Uniswap pools. While the platform is seen as a potential catalyst for x402 ecosystem growth, concerns remain about the quality of projects and speculative risks.
PING Launches c402.market Token Launchpad, Aiming to Be x402 Ecosystem's Pump.fun
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