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 are somewhat similar to the memecoin launcher app Pump.Fun developed in Solana.
Today, CAKE and BNB are growing well in the market and achieving excellent results on the charts.
All details below.
PancakeSwap and the new application to launch tokens without code on the BNB Chain
PancakeExchangethird DEX in the world by TVL, today announced the debut of the Trampoline platform that will simplify the launch of chips in it 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 investment opportunities to its non-developer clients.
PancakeSwap has described SpringBoard as a no-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 financing rounds.
The BNB Chain community immediately appreciated the innovation presented and reacted enthusiastically in the post shared on X.
The PancakeSwap team stated that the SpringBoard platform aligns with their mission of promote the culture of decentralized finance (DeFi).
In fact, by adding a feature to launch tokens without code, a wide range of users are encouraged to expand crypto market connections.
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 simplified token creation and launch on the BNB Chain, backed by our ecosystem and reliability.”
SpringBoard as Pump.Fun – liquidity matching on dex PancakeSwap
The new PancakeSwap app represents the token accelerator equivalent Fun.Bomb, but developed on the BNB chain instead of Solana.
Anyone launching a new cryptocurrency must wait for it to reach a certain market capitalization threshold before listing on the DEX.
Once the bond curve reaches 100%, automatic liquidity matching occurs on PancakeSwap promote greater trade opportunities.
In any case, SpringBoard developers emphasize that the platform offers a complete token launch process, unlike its competitor Pump.Fun.
Here’s what Chef Kids reiterated about the ability of the new BNB Chain resources to become immediately tradable:
“PancakeSwap Springboard is more than just a launchpad – it is a complete ecosystem that offers 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, with the goal of high returns given the low market capitalization at the time of launch.
Each coin has its own separate section with the price chart and settings for trading (remember to set a high slider for trades).
Alternatively, the same users of the BNB Chain ecosystem can create your own token by clicking “Create file +” option.
As mentioned, there is no complex code or metadata required, just filling out the name, symbol, profile picture, 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 equivalent value to deposit to create a cryptocurrency is $2,500.
The higher the liquidity, the more attractive it becomes in the market to trade.
CAKE and BNB soar in the market after the launch of the platform
The introduction of the new PancakeSwap platform has sparked a lot of interest in the growing token ecosystem developed on the BNB chain.
Users, aware of the competitor’s successes. Pump.Fun, I hope SpringBoard can replicate those numbers too.
Note that at its peak, the Solana token accelerator earned over $5 million in fees.
The month of November closed with revenues of $93.9 million, approximately triple that of the previous month.
There is clearly a lot of enthusiasm for launchpads that offer anyone the ability to create successful tokens without code.
This increasing interest on the part of investors has driven BNB and CAKE up in today’s session of the cryptocurrency market.
The BNB Chain community hopes that both the chain and its main DEX protocol can skyrocket their revenue thanks to SpringBoard.
All of this has translated into a 20% increase in the price of BNB, which today reached a new all-time high of $790.
CAKE, PancakeSwap’s utility token, emerged with a positive return of 28%, enough to lift the asset to $4.
The BNB Chain ecosystem is absolutely on fire!
