PancakeSwap Launches Springboard Platform for Creating Meme Coins on BNB Chain

PancakeSwap, a popular multichain DEX protocol, has introduced PancakeSwap Springboard, a platform that enables users to create and launch tokens on BNB Chain. The launch of PancakeSwap Springboard has sparked interest in the cryptocurrency community, with Binance Coin (BNB) reaching a record high price of $782 shortly after the platform’s launch.

What is PancakeSwap Springboard?

PancakeSwap Springboard is a platform that allows users to create and launch tokens on BNB Chain without requiring any coding knowledge. The platform simplifies the process of token creation, from establishing the project’s name and ticker to setting up liquidity. PancakeSwap Springboard also does not charge a launch fee for projects on the platform.

Whether you’re 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.

Features of PancakeSwap Springboard

The platform offers several features, including:

  • No coding required for token creation
  • No launch fee for projects on the platform
  • Option to choose from multiple tokens for trading pairs and liquidity pools, including Binance Coin, USDT, and PancakeSwap’s token
  • SpringBoard Farm Program to boost liquidity pools with CAKE based on organic trading volume

Token Creation and Liquidity Setup

Once a token’s liquidity reaches 100% of the bonding curve on SpringBoard, which equates to 24 BNB, all its minted tokens will be automatically paired on PancakeSwap DEX to establish liquidity. The platform also incurs a 1% trading fee, with a minimum fee of 0.001 BNB, and a seeding fee that amounts to 2% of the token’s liquidity before migrating to PancakeSwap.

Impact on Binance Coin (BNB)

The launch of PancakeSwap Springboard has had a significant impact on the price of Binance Coin (BNB), with the cryptocurrency reaching a record high price of $782 shortly after the platform’s launch. BNB’s market cap has also surpassed Solana (SOL) to become the fifth largest cryptocurrency, with a market cap of $113 billion.

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