PancakeSwap announced yesterday (4) that they have launched their own token issuance platform called SpringBoard, allowing people to launch their project tokens on the BNB Chain, including meme coins, DeFi project tokens, and more. (Background: BNB broke $770 and reached an all-time high! Market capitalization of $109 billion surpasses Dior, Keyence...) (Context: CAKE fell 25% over the week, what happened to PancakeSwap's token economy?) The well-established decentralized exchange PancakeSwap on the BNB Chain announced yesterday (4) that they have launched their own token issuance platform called SpringBoard, allowing people to launch their project tokens on the BNB Chain, including meme coins, DeFi project tokens, and more. Features of SpringBoard According to the announcement, the features of SpringBoard include: 1. Rapid launch: Issuers only need to fill in token-related information and settings without the need for programming to launch tokens; 2. Low cost and fair issuance, specifically: No issuance fees; Low transaction fees; Fair launch, no pre-sale. 3. Provides multiple trading pairs including BNB, USDT, CAKE 4. When the liquidity of the token reaches 24 BNB (approximately $15,000), a liquidity pool will be established on PancakeSwap, allowing for trading; 5. Liquidity pool funds can be increased through CAKE CAKE breaks $4.5 Encouraged by this, PancakeSwap token CAKE surged to a high of $4.515 yesterday, and although it has now fallen back to $3.957, the increase in the last 24 hours is still as high as 25.6%. CAKE trend. Source: Binance Spot BNB reaches all-time high Additionally, BNB, the platform token of Binance, also reached an all-time high of $793 yesterday (4) amid a market rally, and has since fallen back to $754, yet the increase in the last 24 hours is still as high as 16.8%. BNB trend. Source: Binance Spot Meanwhile, BNB's rise has also driven multiple projects within the ecosystem to jump, for example: COMP: Up 41.2% in the last 24 hours, now at $123.32 CHEEMS: Up 38.2% in the last 24 hours, now at $0.0000009846 Velo: Up 20%, now at $0.02718 FXS: Up 16.9%, now at $4.61 Source: CoinGecko Related reports XRP overtakes BNB to become the fourth largest by market cap! Does 'off-chain layout' outperform on-chain hype? SOL surpasses BNB to become the third largest cryptocurrency! Market cap of $113 billion leads giants like Starbucks, Sony... Flipster collaborates with BNB Chain to provide free withdrawal services "$CAKE returns above $4! PancakeSwap launches token issuance platform SpringBoard, what are its features?" This article was first published by BlockTempo (BlockTempo - the most influential blockchain news media).