Major decentralized exchange (DEX) PancakeSwap has launched PancakeSwap SpringBoard, described as an all-in-one token launchpad platform for creating and launching tokens, as well as liquidity integration, on the popular DEX.
According to the press release shared with Cryptonews, the new platform enables projects, developers, and creators to create and launch their tokens on the BNB Chain PancakeSwap.
Notably, the process is fast and requires no coding, the team highlights.
Projects can configure and deploy their tokens within minutes. They don’t need to have any technical skills or coding to set up token details such as name, ticker, and basic settings.
Via a seamless process, PancakeSwap Springboard integrates token deployment, liquidity pairing, and PancakeSwap DEX migration.
Additionally, creators can choose from multiple tokens for the project’s token trading pairs and liquidity pools. These include BNB, USDT, and CAKE.
Zero Launch Fees and Farm Program On PancakeSwap’s New SpringBoard
The DEX noted that there are no launch fees on the novel platform.
Moreover, they enabled a fair launch mechanism and transparent distribution without pre-sales or seed rounds.
Once 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.
When 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.
Meanwhile, PancakeSwap may choose eligible projects to participate in the Farm Program.
The program leverages CAKE rewards to boost liquidity and community engagement, helping projects gain exposure.
The platform will incentivize the liquidity pools of the projects that meet specific criteria with CAKE rewards based on organic trading volume.
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