PancakeSwap unveiled its SpringBoard platform, enabling seamless token creation on BNB Chain without coding expertise.
Decentralized exchange PancakeSwap has recently introduced a new platform SpringBoard allowing users to launch new project tokens seamlessly without the need of having any coding experience. The announcement came on Wednesday, December 4, allowing users their tokens directly on the BNB Chain.
1/5🐰Introducing PancakeSwap SpringBoard: The all-in-one platform to create and launch your project’s token on @bnbchain PancakeSwap
⚡No Coding
💸Zero Launch Fee
🔗Multi-Token Pairings
🧑🌾Boost Liquidity with CAKE👉Create now https://t.co/GTZ2heWbzy
📚More… pic.twitter.com/pmuBcO3xde
— PancakeSwap (@PancakeSwap) December 4, 2024
In its official announcement, PancakeSwap described the platform as a no-code token creation tool that provides a “fair launch” mechanism with zero launch fees. This would ensure transparent token distribution without the seed funding rounds or pre-sales.
The launch of the SpringBoard platform aligns with PancakeSwap’s mission of expanding decentralized finance (DeFi) in the market. It will also lower the barrier for token launches while boosting inclusivity in the DeFi market.
Speaking on the development, PancakeSwap’s head chef, Chef Kids, stated that the team has observed an increasing demand for projects to launch tokens “in a simple and secure manner”. He also added that the SpringBoard platform differentiates from existing market players like Pump.fun through its all-in-one token launch process. Chef Kids noted:
“SpringBoard was created to address this demand, providing a one-stop solution for simplified token creation and launch on BNB Chain, backed by our ecosystem and reliability.”
PancakeSwap SpringBoard Platform Brings Automatic Liquidity Pairing
One of the standout features of the new PancakeSwap platform is automatic liquidity pairing. Thus, the tokens launched on the Springboard platform will directly connect to PancakeSwap’s liquidity once they hit 100% on the bonding curve.
Projects chosen for support will receive liquidity pool boosts funded with CAKE tokens CAKE $2.86 24h volatility: 3.2% Market cap: $978.70 M Vol. 24h: $235.42 M . Each week, PancakeSwap’s team will review new projects launched through PancakeSwap SpringBoard, selecting those that qualify to be listed as Farms on the PancakeSwap DEX, thereby enhancing liquidity
This arrangement eliminates the need for external decentralized exchanges to provide liquidity, thereby streamlining the process and enabling tokens to become instantly tradable.
The launch of SpringBoard comes amid growing demand for no-code token launchpads. According to DefiLlama data, Solana-based launchpad Pump.fun experienced a 207% month-on-month revenue surge, jumping from $30.5 million in October to $93.88 million in November.
In order to launch a project token on the SpringBoard platform, it must ensure a successful migration of all its tokens to PancakeSwap DEX. Furthermore, the token should have active liquidity pools on the platform.
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