PancakeSwap introduced a feature that allows users to create and launch crypto tokens without coding expertise.
On December 4, PancakeSwap launched the PancakeSwap SpringBoard platform, enabling users to launch tokens directly on the BNB Chain.
The PancakeSwap platform is described as a no-code token creation tool with zero launch fees and a “fair launch” mechanism. This mechanism ensures transparent token distribution without pre-sales or seed funding rounds.
PancakeSwap stated that the SpringBoard platform aligns with its mission to advance decentralized finance (DeFi). It also added that this move promotes inclusivity by reducing barriers in the token launch process.
Automatic Pairing with PancakeSwap Liquidity
“SpringBoard was created to address this demand, providing a one-stop solution for simplified token creation and launch on BNB Chain, backed by our ecosystem and reliability.”
According to Chef Kids, SpringBoard differentiates itself from token launch platforms like Pump.fun by offering an all-in-one process.
The platform’s unique feature is automatic liquidity pairing, which links tokens to PancakeSwap’s liquidity once they reach 100% on the bonding curve. Chef Kids stated that this eliminates reliance on external decentralized exchanges for liquidity and simplifies the process, allowing tokens to become tradable immediately.
“PancakeSwap Springboard is more than just a launchpad. It’s a full ecosystem, offering a simple and secure all-in-one platform for projects to launch tokens,” Chef Kids told.
Rising Demand for No-Code Token Launch Platforms
The introduction of SpringBoard came after a significant increase in demand for no-code token launch platforms. According to DefiLlama data, the Solana-based token launch platform Pump.fun saw a 207% month-over-month increase in revenue. The platform’s revenue rose from $30.5 million in October to $93.9 million in November.
The revenue increase occurred amid discussions over harmful content on the platform’s livestream feature. On November 25, in response to community members’ calls for better moderation, the platform shut down its livestream feature indefinitely.
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