PancakeSwap, the leading decentralized exchange (DEX) on BNB Chain, has introduced an innovative feature called PancakeSwap SpringBoard. This tool simplifies the process of creating, launching and integrating liquidity for project tokens. This news was announced today and the platform has emphasized its support for decentralized finance (DeFi).
PancakeSwap SpringBoard offers fair token distribution
PancakeSwap SpringBoard is quite simple. Such tokens can be created through projects even if he or she has no coding skills or technical skills. Name, ticker and other basic settings can be done in a few minutes. This ease of use once again brings more projects into the DeFi ecosystem as more projects come along with more demand.
For example, PancakeSwap SpringBoard has no start-up costs to acquire projects, allowing projects to start without costs. The platform guarantees fairness through the absence of pre-sales and seed rounds within the distribution process.
The trading and liquidity settings are quite clear. When a project token is created, trading is charged a 1% fee, with a minimum trading fee of 0.001 BNB. The initial fee is limited to 2% of the initial liquidity before being swapped to the PancakeSwap DEX platform.
Another feature is the ability to create multiple token combinations. The trading pairs and liquidity pools may involve tokens such as BNB, USDT or CAKE, among others. When the liquidity of a project token on SpringBoard reaches 100% of the bonding curve, all minted tokens can be automatically swapped on PancakeSwap DEX.
In addition, there is the farming program in PancakeSwap SpringBoard to provide liquidity. There are several projects that can receive CAKE incentives based on trading volume, guaranteeing the creation of a liquid and engaged community.
PancakeSwap launches SpringBoard to drive DeFi innovation
PancakeSwap is introducing the new feature as a way to contribute to the development of DeFi and encourage further progress in that field. SpringBoard was created to make the process of initiating and growing a project as painless as possible, so that founders can easily enter a given ecosystem. As PancakeSwap’s Chef Kids says, the tool provides an easy way to navigate DeFi.
Ultimately, PancakeSwap SpringBoard’s primary goal is to support innovators by providing a simple and clear solution. Therefore, SpringBoard provides a viable path for creators looking to bring DeFi concepts to life and succeed.
