Decentralized cryptocurrency exchange PancakeSwap announced on Wednesday the launch of an all-in-one token issuance platform, PancakeSwap SpringBoard, allowing developers to easily create and issue their own tokens on BNB Chain through PancakeSwap without any coding.
The main feature of PancakeSwap SpringBoard is that it simplifies the process from token creation to liquidity setup, helping users handle all the technical details. After setting up the project's name, code, and basic parameters, users can go live and start trading in just a few minutes.
Other features of PancakeSwap SpringBoard include zero issuance fees and multi-token trading pairs (allowing tokens such as BNB, USDT, and CAKE to be included in trading pairs and establish corresponding liquidity pools). PancakeSwap also stated that the platform will enhance the liquidity of user projects through its 'Farm Program' using CAKE tokens.
After the announcement of PancakeSwap SpringBoard, the price of PancakeSwap's native token CAKE surged by up to 25%, with a trading price of $4.18 at the time of writing.
BNB Chain ecosystem tokens follow the upward trend
It is noteworthy that Binance Coin (BNB), which lagged behind in the 'Trump Trading' market, finally started its upward trend last night, with a nearly 24-hour increase of 20%, and a trading price of $779 at the time of writing.
The rise in BNB has also boosted the increase of some BNB Chain ecosystem tokens. In addition to PancakeSwap's CAKE, the XVS token of BNB Chain's lending protocol Venus has increased by 17.70% in the past 24 hours, the BSW token of decentralized exchange Biswap has risen by 15.5%, and the BAKE token of BakerySwap has increased by 15.5%.
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
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