Binance is launching a new token launchpad featuring a bonding curve mechanism inspired by the Pump.fun model. This system introduces an on-chain, automated price discovery process for new token releases, incorporating memecoin mechanics. The launchpad will operate on the BNB Chain initially, with plans to support other blockchains in the future. Unlike Pump.fun, users must apply to launch tokens on Binance's platform. The mechanism uses BNB and Alpha Points, with tokens being non-transferable. The first project to utilize this bonding curve launchpad is Hyperion's $RION token, part of the Aptos ecosystem, which has a total value locked exceeding $130 million. The $RION token sale operates on a model where earlier purchases are at lower prices, with limited quotas and the ability to sell to other participants during the subscription period. Separately, the Kaito community is preparing to launch its own community-owned Capital Launchpad, with further details expected soon.