- PancakeSwap’s SpringBoard lets users launch tokens on BNB Chain with zero fees and no coding required.
- SpringBoard ensures fair and transparent token launches, eliminating pre-sales and seed rounds for inclusivity.
- Automatic liquidity pairing on SpringBoard makes tokens tradable instantly without relying on external exchanges.
On December 4, PancakeSwap rolled out a new feature to help users create and launch their tokens without any coding experience. The new platform, SpringBoard, allows anyone to launch their tokens on the BNB Chain with zero launch fee and a focus on fair launch.
The SpringBoard platform is designed to bring more people to DeFi since it eliminates the complex procedures often associated with token generation. To ensure the DeFi space is more inclusive, PancakeSwap guarantees that token distribution will be easy and transparent, with no pre-sales or seed funding rounds to create a level playing field for creators.
PancakeSwap Empowers DeFi Creators
Chef Kids, the head of PancakeSwap’s team, explained that the necessity to create SpringBoard was on the rise as numerous initiatives were looking for a convenient and reliable solution for the tokens’ issuance.s. To this end, SpringBoard was born to meet this need and offer a single platform for easy token generation and deployment on the BNB Chain with support from our ecosystem, according to Chef Kids. This platform seeks to solve some of the problems associated with token launches especially for new and experienced project creators.
Another innovation of SpringBoard is the “automatic liquidity pairing” where the new tokens are linked to PancakeSwap’s liquidity pool as soon as they reach 100% on the bonding curve. This integration eliminates the need for the tokens to be traded in external decentralized exchanges in order to search for liquidity hence making the tokens to be tradable as soon as they are listed.This is a major advantage for SpringBoard over Pump.fun, since Pump.fun has token launches but no easy way to connect the tokens to liquidity.
SpringBoard Token Solution
The emergence of SpringBoard happens at a time when there is increasing interest in no-code token launchpads. According to DeFiLlama, the revenue of the Solana-based token launchpad Pump.fun shot up by 207% in the period between October and November, from $30.5 million to $93.9 million. However, it has been marred by a scandal over the appearance of dangerous content on its live streaming service, which was suspended indefinitely in late November.
Source: Image by DefiLlama
The decision of PancakeSwap to launch SpringBoard points to the rising need for easy token creation and the ongoing efforts to decentralize finance for everyone. Thus, PancakeSwap is building on its leadership in the DeFi space through providing an easy-to-use, feeless, and well-liquidity connected platform.
