Decentralized exchange (DEX) PancakeSwap announced in a release official, on December 4, the launch of SpringBoard, which is a platform that allows users to create and launch cryptocurrency tokens without requiring coding skills.
The exchange highlighted that the new feature was launched with the aim of simplifying the process of creating tokens on the BNB Chain, in addition to eliminating launch fees.
“Introducing PancakeSwap SpringBoard — an all-in-one platform that enables developers, creators, and projects to easily create and launch their project’s tokens on the PancakeSwap BNB Chain, with no coding required. Whether you’re building a meme coin, a community-driven project, or a DeFi project, SpringBoard simplifies the process to just a few clicks, from token creation to liquidity setup — all in one place.”
The main features of PancakeSwap SpringBoard are: Create a token in minutes with no coding required; Low-cost launch with ZERO launch fee; Multi-token pairings; Automatic liquidity pool integration and PancakeSwap DEX trading.
The price of the PancakeSwap (CAKE) token has surged nearly 35% today amid news of the new feature launch. At press time, the price of CAKE is trading at $4,09 and is up 34.6% in the past 24 hours.
PancakeSwap cryptocurrency peaked at $4,34 earlier today but failed to sustain the level and retreated to the current price zone. Additionally, the on-chain trading volume has surged. PancakeSwap (CAKE) trading volume is $1.122.365.281 in the last 24 hours, representing a 282,80% increase from a day ago and signaling a recent surge in market activity.
The recent surge has taken the gains to a monthly increase of 150.3%. Currently, PancakeSwap is ranked 124th in the cryptocurrency market, with a market cap of $1.1 billion.