Good day everyone,
I hope you are all having a good day, welcome to CryptoGod-1's blog on all things crypto. In this post I will be looking at the recent reveal from PancakeSwap regarding a 'no-code' token launchpad platform.
PancakeSwap Reveals Token Launchpad Platform
The head chef for PancakeSwap, Chef Kids, has revealed the decentralised exchange (DEX) is set to release SpringBoard, an ecosystem for projects to configure and deploy their token within minutes without the requirement of technical skills. Known as PancakeSwap Springboard, it is described as an all-in-one token launchpad platform for creating and launching tokens, as well as liquidity integration, on the popular DEX.
The press release states that the new platform enables projects, developers, and creators to create and launch their tokens on the BNB Chain PancakeSwap. It will be considered an accessible tool for creators of meme coins, DeFi tokens, and community projects, with SpringBoard offering a variety of features which will allow users to create and launch tokens without coding skills. The process will be swift and simple, as projects can configure and deploy their tokens within minutes. The platform was launched on December 4, 2024.
PancakeSwap stated that the launch of the SpringBoard platform aligns with its mission to advance decentralized finance (DeFi). The move also fosters inclusivity by lowering the barriers to launching tokens, with users capable of choosing from multiple tokens for the project’s token trading pairs and liquidity pools. These include the likes of BNB, USDT, and CAKE.
The platform also noted how there are no fees, air launch mechanisms, and automated liquidity pool integration. This is to democratise the creation of tokens, meaning the fair launch mechanism and transparent distribution will see no pre-sales or seed rounds. The announcement stated:
“PancakeSwap SpringBoard [is] an all-in-one platform that lets developers, creators, and projects easily create and launch their project’s tokens on BNB Chain PancakeSwap, with no coding required. Whether you are building a meme coin, a community-driven project, or a DeFi project, SpringBoard simplifies the process with just a few clicks, from token creation to liquidity setup — all in one place.”
After a token is launched there is a 1% fee for trading it via the bonding curve on PancakeSwap SpringBoard. The minimum fee is 0.001 BNB. The seeding fee is 2% of the liquidity before migrating to PancakeSwap DEX. As soon as a token’s liquidity reaches 100% of the bonding curve on the new platform, “100% of the minted tokens will be automatically paired on PancakeSwap DEX to establish liquidity and seamless trading,” the announcement said. Certain eligible projects may also be chosen to participate in the FARM Program. This program leverages CAKE tokens as rewards to boost liquidity and community engagement. It also helps projects gain exposure. The price of CAKE has risen since the launch of the platform, rising above $4 and growing.
The market is already considered highly competitive with the likes of Pump.fun on Solana and SunPump on Tron. Both of these have established significant traction. Pump.fun is known for its lower fees and emphasis on creator rewards, making it a go-to for meme token creators. SunPump has gained market share quickly with its streamlined operations on Tron.
In eight months Pump.fun has managed to deploy over 1.9 million tokens and generated $105 million in revenue. SunPump meanwhile shows steady growth and similar adoption potential. Springboard will look to disrupt this market and make its own mark on the space, with its focus on low costs and integration with PancakeSwap’s extensive ecosystem.
There are associated risks, such as how Pump.fun has been criticised for harmful acts, enabling speculative trading and potential market manipulation which includes rug pulls and bot-driven token sniping. Things such as livestream token launches, which Pump.fun makes use of, have been called a potentially harmful method for creating hype and making unsustainable trading environments.
PancakeSwap has included a disclaimer clarifying that it does not guarantee the success or value of tokens created on SpringBoard, meaning they are shifting responsibility to creators and investors while fostering transparency.
Have a great day.
Peace. CryptoGod-1.
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