PancakeSwap has released a new launchpad that allows users to design and launch cryptocurrencies without coding knowledge. The decentralized exchange unveiled the new platform, SpringBoard, on Wednesday via a post on its official page on X.
As revealed, the new tool will allow users to launch their tokens on the BNB chain at no cost, saving developers from spending too much on pre-launch expenses. More so, as a no-code cryptocurrency creation tool, SpringBoard has advanced functionality that allows users to seamlessly create their tokens without writing any programming codes.
Insights into the Core Features of SpringBoard
The launchpad has a fair launch mechanism ensuring transparent token distribution that eliminates presale or seed funding campaigns. As indicated, the development of the launchpad surfaced in response to the need for project teams to launch their cryptocurrencies through a user-friendly and secure platform.
By that, the SpringBoard is designed to provide a one-stop tool for seamless token creation and launch on BNB Chain. While describing the relevance of the new tool, PancakeSwap said SpringBoard will remove barriers to launching a token, ensuring more inclusivity.
Additionally, Pancakeswap explained that the launching of the new tool aligns with the focus of the DEX to support the advancement of the decentralized finance (DeFi) sector. Meanwhile, according to the announcement, the SpringBoard will have an automatic liquidity pairing that connects tokens on the launchpad with the liquidity pool of PancakeSwap.
The liquidity paring of the tool will automatically trigger by the time a token reaches 100% on the bonding curve. This functionality will support tokens launched on the platform to become tradable immediately, shutting the dependence on external DEX for liquidity.
Side Note on PancakeSwap
It is worth mentioning that the launching of the launchpad surfaced shortly after PancakeSwap unveiled its Telegram bot, which allows cryptocurrency traders to trade digital assets directly from the Instant messaging app. According to a Binbits report, the bot supports more than 3,000 cryptocurrencies, allowing more investors to venture into the digital asset space.
In recent times, PancakeSwap has released new features that are aimed at ensuring a seamless trading experience on the DEX. Some of the newly introduced functions on the decentralized exchange include fiat onboarding on multiple chains and portfolio manager.
According to DeFiLlama, the multichain decentralized exchange has more than $2 billion TVL.
Read More: