PancakeSwap, a well-known decentralized exchange on the BNB Chain network, has just introduced a new platform that allows launching a token without code.
This, called SpringBoard, has been designed to simplify the process of creating new cryptocurrencies without the need for development skills.
The functionalities in some ways resemble those of the memecoin launch application Pump.Fun developed on Solana.
Today CAKE and BNB are growing well in the market, achieving excellent chart performances.
All the details below.
PancakeSwap and the new application for launching no-code tokens on the BNB Chain
PancakeSwap, third DEX in the world by TVL, announced today the debut of the SpringBoard platform that will simplify the launch of tokens on the BNB Chain.
The new application particularly helps users create various types of cryptocurrencies without knowing the basics of programming.
In practice, a feature is introduced that allows the launch of coins without code, offering more degen investment opportunities to its non-developer clients.
PancakeSwap has described SpringBoard as a zero-fee, no-skills token creation platform with a “fair launch” mechanism.
The last feature refers to the transparent distribution of assets without pre-sales or initial funding rounds.
The BNB Chain community immediately appreciated the innovation presented, reacting with enthusiasm under the post shared on X.
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
The PancakeSwap team stated that the SpringBoard platform aligns with its mission to promote the culture of decentralized finance (DeFi).
In fact, by adding a function for launching tokens without code, a wide range of users is encouraged to expand the connections of the crypto market.
The developer Chef Kids of the decentralized exchange commented with these words on the introduction of the new platform, promoting the anthem of simplicity and security:
“SpringBoard was created to meet this need, offering a unique solution for the simplified creation and launch of tokens on BNB Chain, supported by our ecosystem and our reliability”.
SpringBoard like Pump.Fun: liquidity pairing on the dex PancakeSwap
The new PancakeSwap application represents the equivalent of the token accelerator Pump.Fun, but developed on the BNB Chain rather than on Solana.
Whoever launches a new cryptocurrency must wait for it to reach a certain market cap threshold before being listed on the DEX.
Once the bonding curve reaches 100%, automatic pairing of liquidity occurs on PancakeSwap promoting greater opportunities for trading.
In any case, the developers of SpringBoard emphasize that the platform offers a complete token launch process, unlike the competitor Pump.Fun.
This is what Chef Kids reiterated about the ability of the new resources of the BNB Chain to become immediately tradable:
“PancakeSwap Springboard is more than just a launch platform: it is a complete ecosystem, offering a simple and secure all-in-one platform for projects that want to launch tokens”.
The operation of SpringBoard is quite simple and intuitive.
Users can purchase one of the various tokens launched by the community, aiming for a high return given the low market cap at launch.
Each coin has its own separate section with the price chart and the settings for trading (remember to set a high slippage for trades).
Alternatively, the same users of the BNB Chain ecosystem can create their own token by clicking on the “Create Token +” option.
As mentioned, no codes or complex metadata are required, just the completion of the name, ticker, profile image, and additional information such as social media and website.
It is mandatory to provide some liquidity as a base, under the tokens BNB, CAKE, and USDT.
The minimum countervalue to deposit to create a cryptocurrency is 2,500 dollars.
The higher the liquidity, the more attractive it becomes on the market for trading.
CAKE and BNB soar in the market after the launch of the platform
The introduction of the new PancakeSwap platform has attracted a lot of interest for the growing ecosystem of tokens developed on the BNB Chain.
The users, aware of the successes of the competitor Pump.Fun, hope that SpringBoard can also replicate such numbers.
Consider that at the time of maximum splendor the token accelerator on Solana earned over 5 million dollars in fees.
The month of November was closed with a revenue of 93.9 million dollars, about triple compared to the previous month.
It is evident that there is a lot of hype for the launchpad platforms that offer anyone the possibility to create successful tokens without codes.
This very growing interest from investors has pushed BNB and CAKE upwards in today’s session of the cryptocurrency market.
The BNB Chain community expects that both the chain and its major DEX protocol can skyrocket their revenues thanks to SpringBoard.
All this has resulted in a 20% increase in the price of BNB, which today reached a new all-time high of 790 dollars.
CAKE, invece, utility token di PancakeSwap, è emerso con una prestazione positiva del 28%, tale da elevare la risorsa a quota 4 dollari
The BNB Chain ecosystem is absolutely on-fire!
$BNB season is here 
Keep your eyes on $BNB & $CAKE for next 3-4 days 
pic.twitter.com/Czw5tRUfxY
— BullTrades (@bulltrades24) December 4, 2024
