PancakeSwap Launches SpringBoard Platform for Easy Token Creation on BNB Chain
Decentralized exchange PancakeSwap has launched a new platform, SpringBoard, enabling users to create project tokens without coding experience. Announced on December 4, it allows token launches 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
PancakeSwap describes SpringBoard as a no-code token creation tool that offers a "fair launch" mechanism with zero fees, ensuring transparent distribution without seed funding or pre-sales. This aligns with PancakeSwap's mission to enhance decentralized finance (DeFi) and increase inclusivity in the market.
PancakeSwap’s head chef, Chef Kids, noted a rising demand for simple and secure token launches. He emphasized that SpringBoard provides a comprehensive solution unlike competitors such as Pump.fun:
“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 Features Automatic Liquidity Pairing
A key feature of the SpringBoard platform is automatic liquidity pairing, which connects newly launched tokens to PancakeSwap’s liquidity once they reach 100% on the bonding curve. Selected projects will receive liquidity pool boosts funded with CAKE tokens. Each week, PancakeSwap reviews new projects for potential listing as Farms on its DEX, enhancing liquidity.
This setup removes the need for external exchanges to provide liquidity, streamlining the process and allowing tokens to be immediately tradable. The launch comes amid increased interest in no-code token launchpads, evidenced by Solana-based Pump.fun's revenue surge from $30.5 million in October to $93.88 million in November, according to DefiLlama data.
To launch a project token on SpringBoard, successful migration to PancakeSwap DEX and active liquidity pools are required.