Leading DeFi platform PancakeSwap on Wednesday marked a monumental stride, introducing a brand new token launch portal for BNB Chain, SpringBoard. This new platform is much-touted to be much like Solana’s token launch platform Pumpfun.
PancakeSwap Launches SpringBoard Aiding Projects On BNB Chain
In an official announcement by PancakeSwap on December 4, the DeFi entity revealed that it’s introducing an all-in-one platform to create and launch tokens on BNB Chain. This platform is known as SpringBoard.
Notably, the newly launched portal is about to trigger a stir out there, providing revolutionary options. First off, no coding is required to create tokens on PancakSwap’s new portal. “Once you’ve configured your project’s name, ticker, and basic settings, your token will be live and ready for trading in minutes,” the announcement acknowledged.
Further, the brand new portal additionally gives customers low-cost and truthful launch alternatives. This contains zero launch price, clear buying and selling charges, and minimal seeding price required for a token launch. Also, token launchers can select a number of token pairings, starting from BNB, USDT, and CAKE on this new portal. Additionally, one other characteristic of the portal, the Farm Program, goals to supply tasks elevated liquidity with CAKE.
PancakeSwap’s announcement additionally provided a step-by-step information for these seeking to make the most of the brand new platform for token launches. Further, in gentle of the brand new platform’s launch, CAKE price soared roughly 30% to $4.12. On the opposite hand, Solana’s Pumpfun has additionally garnered noteworthy consideration amid this bull cycle.
Solana’s Pumpfun Gains Traction
CoinGape reported that Pumpfun achieved record-breaking monthly revenue in November, marking a 207% improve from October. This monumental stride comes towards the backdrop of preliminary token launches equivalent to WIF and POPCAT, adopted by CHILLGUY, PNUT, MOODENG, and plenty of others.
Simultaneously, the Solana-based token launch platform has additionally lately encountered vital backlash over its live-streaming characteristic. In the wake of this backlash, Pumpfun also suspended the live-streaming service the earlier month. These chronicles have garnered vital consideration to the Solana token launch platform. Meanwhile, PancakeSwap’s SpringBoard additional stays poised to rival Pumpfun.
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