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PancakeSwap’s head chef, Chef Kids, told Cointelegraph that SpringBoard is an ecosystem rather than a platform to launch tokens.
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Decentralized exchange (DEX) PancakeSwap has unveiled a new feature enabling users to create and launch crypto tokens without coding expertise.
The platform, named PancakeSwap SpringBoard, launched on Dec. 4 and allows users to launch tokens directly on the BNB Chain.
In a statement sent to Cointelegraph, PancakeSwap described the platform 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.
Source: PancakeSwap
PancakeSwap said the SpringBoard platform aligns with its mission to advance decentralized finance (DeFi). The DEX said the move fosters inclusivity, lowering the barriers to launching tokens.
Automatic pairing with PancakeSwap liquidity
PancakeSwap’s head chef, Chef Kids, told Cointelegraph in a statement that the team witnessed a growing need for projects to launch tokens “simply and securely.” Chef Kids said:
“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 token launch 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 said 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 Cointelegraph.
Related: Pump.fun weekly revenue drops 66% after livestream controversy
Rising demand for no-code token launchpads
The SpringBoard introduction follows a substantial increase in demand for no-code token launchpads. DefiLlama data shows that the Solana-based token launchpad Pump.fun increased its revenue by 207% month-on-month. The platform’s revenue went from $30.5 million in October to $93.88 million in November.
Pump.fun monthly revenue in dollars. Source: DefiLlama
The revenue increase happened amid controversies over harmful content on its livestream feature. On Nov. 25, the platform shut down its livestream feature indefinitely in response to calls from community members for a better moderation mechanism.
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This article first appeared at Cointelegraph.com News
