Multichain DEX PancakeSwap has launched Springboard, a no-code platform designed to simplify token creation and listing on the BNB Chain.
Announced on December 4, the platform is already driving activity in the ecosystem, with newly minted tokens gaining traction shortly after its debut.
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
According to PancakeSwap’s official blog, Springboard allows users to create and launch tokens without coding skills. The platform is tailored for diverse projects, ranging from meme coins to DeFi initiatives, enabling token creators to set up names, tickers, and configurations in just a few clicks. While there’s no initial launch fee, PancakeSwap applies a 1% trading fee and a 2% liquidity seeding fee, half of which is shared with the token creator, while the other half supports Springboard operations.
Springboard supports liquidity pools and trading pairs with popular tokens like Binance Coin (BNB), USDT, and CAKE. Once a token reaches its liquidity target—equivalent to 24 BNB—it is automatically paired on PancakeSwap’s DEX for trading.
New tokens had begun populating the Springboard leaderboard within hours of its launch. Currently leading the pack is GrimezszAI, a memecoin with a market of over $100,000.
The platform also introduces a Farm Program that rewards tokens with strong trading volumes by boosting their liquidity pools with CAKE tokens. This feature aims to enhance liquidity, engage communities, and increase project visibility.
The launch of Springboard reflects broader innovation trends in the crypto space. Crypto exchange BingX recently introduced its Spot Innovation Zone to address the growing demand for fast and secure access to trending tokens.
The crypto exchange claims that it combines rapid token listings with rigorous contract audits and measures to ensure transaction stability during volatile market conditions. It also added that the platform is supported by a dedicated research team operating around the clock.
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