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Cryptocurrency News Articles
PancakeSwap Springboard: The All-in-One Platform to Create and Launch Your Project's Token on BNB Chain
Dec 04, 2024 at 10:00 pm
No Coding 💸 Zero Launch Fee 🔗 Multi-Token Pairings 🧑🌾 Boost Liquidity with CAKE. Create now.
PancakeSwap has unveiled Springboard, a platform designed to streamline the creation and listing of tokens on the BNB Chain.
This new tool aims to attract both experienced developers and startups looking to enter the decentralized finance (DeFi) market by removing common pain points such as the need for programming knowledge and high costs. Since its launch, several memecoins have already been successfully created and listed on Springboard.
PancakeSwap Springboard is a low-cost, transparent solution for fair token launches
One of the key aspects that sets PancakeSwap Springboard apart is its low-cost and transparent fee policy. Unlike the broader DeFi landscape, projects can launch their tokens with $0 launch fees—a feature that is rarely seen elsewhere.
Moreover, a nominal 1% fee is charged when swapping these tokens along the bonding curve, with a minimum of 0.001 BNB. The cost of seeding liquidity is 2% of the total liquidity before being added to the PancakeSwap DEX.
Interestingly, PancakeSwap Springboard itself covers half of this seeding cost to the token creator, ensuring fair incentives for both parties. These elements facilitate a fair launch method without any pre-sales or special seed rounds, providing equal opportunities to all participants.
Another highlight of Springboard is its support for multiple token trading pairs, allowing projects to choose options such as BNB, USDT, or CAKE for their token’s liquidity pools. This flexibility helps builders tailor their strategies to suit the demands of different communities.
The platform also features automatic liquidity pool integration. The mechanism pairs a project’s token on the PancakeSwap DEX automatically once its token reaches 100% of the bonding curve liquidity requirement (approximately 24 BNB).
This seamless integration ensures a smooth trading experience for users and simplifies the process further.
The PancakeSwap Springboard Farm Program adds another layer of value by boosting liquidity for eligible projects through CAKE. Liquidity pools that meet certain criteria can benefit from increased trading volume and exposure.
Interestingly, the launch seems to have brought a strong wave of interest to Pancakeswap’s native token, CAKE. At the time of writing, CAKE is trading at around $4.11 after surging 30.11% over the last 24 hours. This stellar performance has pushed the token’s market capitalization past the $1.10 billion mark.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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