DeFi altcoin project PancakeSwap unveiled its new token launch platform SpringBoard. SpringBoard will bring revolutionary features on BNB Chain. It is also set to cause a frenzy in the market. With the effect of this development, CAKE price increased by more than 30 percent. On the other hand, Solana’s Pumpfun is emerging as the talk of the crypto town.
PancakeSwap launches SpringBoard on BNB Chain
DeFi altcoin project PancakeSwap announced in an official announcement that it has launched an all-in-one platform for creating and launching tokens on BNB Chain. PancakeSwap stated that the name of this platform is SpringBoard. Notably, the newly launched portal is set to create a stir in the market with revolutionary features. First of all, no coding is required to create tokens on PancakSwap’s new portal. “After configuring your project’s name, ticker and basic settings, your token will be live and ready for trading in minutes,” the announcement said.
Furthermore, the new portal provides users with low-cost and fair launch opportunities. This includes zero launch fees, transparent transaction fees and the minimum seeding fee required for a token launch. Furthermore, token launchers can choose multiple token pairs on the new portal, ranging from BNB, USDT and CAKE. In addition, another feature of the portal, the Farm Program, aims to bring more liquidity to projects with CAKE.
DeFi altcoin price sees strong increase after launch
PancakeSwap’s announcement also included a step-by-step guide for those interested in using the new platform for token launches. Also, in light of the launch of the new platform, the CAKE price jumped nearly 30% to $4.12. Although the token lost some altitude afterwards, it is still flying higher. At the time of writing, CAKE was trading at $4.09, up 29.6% on a daily basis. In addition, the token’s trading volume increased by a phenomenal 243%. This reflects the interest of investors and traders in the token.
Solana’s Pumpfun attracts attention
As you have been following on Kriptokoin.com, Solana’s Pumpfun has also received significant attention in this bull cycle. Pumpfun reported record-breaking monthly revenue in November, up 207% from October. This massive step comes against the background of early token launches like WIF and POPCAT, followed by CHILLGUY, PNUT, MOODENG and others.
Simultaneously, the Solana-based token launch platform has also experienced some problems recently. In particular, it faced a significant backlash over its live streaming feature. Following this backlash, Pumpfun also suspended its live streaming service last month. These diaries have garnered significant interest in the Solana token launch platform. Meanwhile, PancakeSwap’s SpringBoard is also preparing to rival Pumpfun.
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