In summary
- PancakeSwap launched SpringBoard, a platform to create and launch tokens on BNB Chain without programming.
- A token called Sishengsheng (SSS), created on SpringBoard, rose 199,000% in one hour, reaching a capitalization of almost $41,500.
- The platform uses bonding curves to automatically match liquidity, reducing extreme fluctuations in initial prices.
Decentralized multichain exchange PancakeSwap launched SpringBoard, its new codeless token launch platform.
SpringBoard is “an all-in-one platform that allows developers, creators, and projects to easily create and launch their projects’ tokens on BNB Chain PancakeSwap, without programming,” according to a Dec. 4 announcement. “Whether you are building a memecoin, 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, Head Chef at PancakeSwap, told Decrypt that SpringBoard differentiates itself from alternatives “by offering an all-in-one token launch process.” He highlighted that “tokens created on SpringBoard are automatically matched with liquidity on the PancakeSwap DEX once liquidity reaches 100% on the pegging curve, allowing for immediate trading.”
Tokens already listed on the platform are seeing very high volumes from memecoin speculators.
Data from the SpringBoard website shows that Sishengsheng (SSS)—a token created on the platform—rose 199,000% within an hour of its launch, reaching a market capitalization of just under $41,500. The token uses a bonding curve, which shows 12,104,341.3 SSS available for sale.
“When the market cap reaches $196,098, all bonding curve liquidity 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 stated that “market volatility is inherent in the early stages of any token launch” but the pegging curve mechanism “helps provide a more orderly price discovery process, reducing the risk of extreme fluctuations.”
The entire system is very similar to 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 matched with liquidity on the PancakeSwap DEX once liquidity reaches 100% on the pegging curve, allowing for immediate trading.”
Pump.Fun also features a more gamified feel, with a very lively and colorful website that attracted a crowd that resulted in controversial marketing campaigns. Due to some of these controversies, Pump.Fun recently removed its support for using live streams to promote tokens. The service even allows you to launch tokens for free while paying users for launching successful memecoins.
A pegging 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 price of the token based on availability.
Edited by Stacy Elliott.
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