PancakeSwap announces Pump.fun like token deployer for BNB chain

Decentralised exchange PancakeSwap has unveiled a new token deployer that allows users to launch meme coins and other crypto tokens without requiring any coding.

Dubbed SpringBoard, the new feature launched on December 4 and is integrated into the PancakeSwap platform, allowing anyone to create a token directly on the BNB chain.

According to PancakeSwap, the platform’s key focus is to provide a no-code, user-friendly solution for token creation and launch, ensuring inclusivity by lowering barriers and fostering transparent and secure token distribution through its “fair launch” mechanism.

As such, deploying tokens on the platform doesn’t require any pre-sales or seed funding rounds, as is the case with traditional token launch methods or other platforms that prioritise early investor advantages.

SpringBoard sets itself apart from other token deployers by offering an all-in-one token creation and launch process with features like automatic liquidity pairing, anonymous PancakeSwap developer Chef Kids explained in a statement.

Unlike other platforms, the liquidity pairing mechanism eliminates the need for external decentralized exchanges by linking tokens directly to PancakeSwap’s liquidity, ensuring they become tradable immediately upon reaching 100% on the bonding curve.

Chef kids described the SpringBoard as a full ecosystem rather than just a regular launchpad.

He also cited the growing demand for a simplified and secure token creation process, emphasizing that the platform is designed to support a wide range of projects, not just meme coins.

The platform will also help boost the liquidity of launched tokens via the SpringBoard Farm Program.

Projects meeting criteria such as active community engagement, consistent trading volume, and 100% liquidity on SpringBoard will undergo a weekly review by PancakeSwap chefs. 

Selected projects will benefit from CAKE incentives for their liquidity pools, enhanced exposure through PancakeSwap’s channels, and improved market stability and trading liquidity on PancakeSwap DEX.

Following the announcement, the price of CAKE, PancakeSwap’s native utility token, surged over 20% to hit a daily high of $4.34. At press time, the token was up 29.5%, trading at $4.09.

A competitive market

SpringBoard is set to compete against platforms like Solana’s Pump.fun, Ethereum’s Etherfun, and Tron network’s Sun.pump, which have gained traction by enabling users to launch tokens without coding expertise.

The demand for such no-code token launch platforms has surged, particularly with the rise of meme coins.

These platforms have facilitated the rapid creation and circulation of meme coins, leading to a significant increase in their numbers and corresponding promotional activities.

For instance, over the past months, Pump.fun alone has surpassed the daily revenue of the Ethereum network on multiple occasions.

In November alone, the platform generated over $93 million in revenue, according to DeFiLlama data, a 270% hike from the $30.5 million the previous month.

On the other hand, Tron’s SunPump surpassed $1 million in revenue within weeks of its launch, while Etherfun quickly expanded to the Base network due to rising demand less than a month after its debut.

However, Pump.fun remains the dominant platform in the space, maintaining its lead with consistently high revenue and user engagement.

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