As reported by Odaily, PING, the first token issued via the x402 protocol, has launched c402.market, a token minting platform built on x402. The platform, set to go live on November 10, allows users to mint new tokens that automatically pair with $PING for trading. This mechanism positions $PING as the foundational currency of the c402 ecosystem, requiring it for participation in new projects. The announcement triggered a nearly 50% 24-hour price surge for PING. c402.market operates on a bonding curve model similar to Pump.fun, with 49% of each token supply distributed through public minting, 49% used for liquidity, and 2% allocated to developers. All collected USDC is converted to PING and added to liquidity pools. The platform currently supports only PING as a pairing asset, though future expansion is possible.
PING Launches c402.market, x402 Ecosystem's Pump.fun-Like Token Minting Platform
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