Multichain decentralized exchange PancakeSwap launched SpringBoard, its code-free new token launch platform.
SpringBoard is “an all-in-one platform that lets developers, creators, and projects easily create and launch their project’s tokens on BNB Chain PancakeSwap, with no coding,” according to a Dec. 4 announcement. “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,” the platform promises.
Chef Kids, PancakeSwap’s Head Chef, told Decrypt that SpringBoard differentiates itself from alternatives “by offering an all-in-one token launch process.” They highlighted that “tokens created on Springboard are automatically paired with liquidity on PancakeSwap’s DEX once liquidity reaches 100% on the bonding curve, allowing immediate trading.”
Tokens already listed on the platform are seeing very high volumes from meme coin speculators.
SpringBoard’s website data shows that Sishengsheng (SSS)—a token created on the platform—is now up 199,000% since its launch under one hour ago, with a current market cap of just under $41,500. The token uses a bonding curve, which sees 12,104,341.3 SSS still available for sale.
“When the market cap reaches $196,098, all the liquidity from the bonding curve will be deposited into Pancake and burned,” the listing explains. The platform’s highest market cap is currently Bink AI (BINK), at almost $2.75 million.
Chef Kids claimed that “market volatility is inherent in the early stages of any token launch” but the bonding curve mechanism “helps to provide a more orderly price discovery process, reducing the risk of extreme fluctuations.”
The whole system closely resembles Pump.Fun. Chef Kids explained that SpringBoard differentiates itself from alternatives “by offering an all-in-one token launch process.” They highlighted that “tokens created on Springboard are automatically paired with liquidity on PancakeSwap’s DEX once liquidity reaches 100% on the bonding curve, allowing immediate trading.”
Pump.Fun also features a more gamified feel, with a heavily animated and colorful website that attracted a crowd that resulted in controversial marketing stunts. Due to some of those controversies, Pump.Fun recently dropped its support for using livestreams to promote tokens. The service even allows tokens to be launched for free while paying users for launching successful meme coins.
A bonding curve is a pricing mechanism in which the price of a token increases as more tokens are purchased, following a predefined mathematical formula. This model helps regulate supply and demand by adjusting the token price based on availability.
Edited by Stacy Elliott.
