PancakeSwap, the largest decentralized exchange (DEX) on the BNB Chain, has launched PancakeSwap Springboard, a new platform for token launches.
According to a blog post, PancakeSwap’s SpringBoard allows projects, developers, and creators to easily create and launch tokens on the BNB Chain without needing coding skills. This feature makes it a useful tool for experienced developers and those new to crypto.
Benefits of PancakeSwap SpringBoard
SpringBoard offers creators flexibility in setting up their tokens by allowing them to choose from popular trading pairs and liquidity pools, such as BNB, USDT, and CAKE.
A key benefit of PancakeSwap Springboard is that it has no launch fees, making token launches more affordable. It also works with PancakeSwap’s Farm Program, encouraging more people to adopt tokens and add liquidity.
Once a token launches successfully, trading on PancakeSwap Springboard has a 1% fee based on a bonding curve model to ensure fair pricing. The minimum trading fee is 0.001 BNB. Before moving liquidity to the main PancakeSwap DEX, a 2% fee is applied. This helps maintain the platform’s sustainability while providing competitive rates.
By making it easier for everyone to participate, PancakeSwap strengthens its role as a leader in the DeFi space. This boosts opportunities for creators and encourages innovation on the BNB Chain.
Binance Labs Invest in PancakeSwap
Recall that in 2022, Binance Labs, the venture capital arm of the Binance cryptocurrency exchange, invested in PancakeSwap. As reported by TheCoinRise, the investment was made directly into the CAKE tokens. Through this investment, the VC extended its mission to facilitate the next wave of global blockchain adoption by providing technology development for Web3 transformation.
Meanwhile, the strategic investment into PancakeSwap was Binance’s way of letting charity begin at home before it trickled down to startups built on other chains. Intriguingly, the investment sent the price of the CAKE token soaring remarkably.
Pump.fun Token Launch Plans
Notably, the new platform’s rival, Pump.fun, launched Pump Advance, a new trading terminal recently.
Pump.fun, the Solana-based memecoin generation and trading platform’s new trading terminal is packed with features like charts, top holder stats, advanced filters, and live-updating threads, catering to professional traders. The platform also hinted at an upcoming token launch.
The announcement of Pump Advanced and the forthcoming token launch generated significant buzz in the memecoin community.
It attracted new users eager to utilize the platform’s advanced tools and upcoming opportunities. These updates are a key part of Pump.fun’s broader strategy to re-engage users following the shutdown of its live streaming platform.
The post PancakeSwap Launches Springboard To Rival Pump.Fun appeared first on TheCoinrise.com.
