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PancakeSwap, the leading decentralized exchange (DEX) on BNB Chain, has introduced an innovative feature called PancakeSwap SpringBoard. This tool simplifies the process of creating, launching, and integrating liquidity for project tokens. This news has been announced today and the platform has emphasized its backing of decentralized finance (DeFi).
PancakeSwap SpringBoard Offers Fair Token Distribution
PancakeSwap SpringBoard is quite simple. Such tokens can be created through projects even if he or she lacks coding abilities or technical skills. Name, ticker, and other basic settings can be performed in a few minutes. This ease of use again brings more projects into the DeFi ecosystem as more projects come with more demand.
For instance, PancakeSwap SpringBoard does not have launch fees to get in projects, thus, projects can start without costs. The platform guarantees fairness due to the absence of pre-sales and seed rounds within the distribution process.
Trading and liquidity setup are quite clear. When a project token is created, trading comes with a 1% charge with a minimum trading fee of 0.001 BNB. Seeding fee is limited to 2% of the initial liquidity before it will be swapped to PancakeSwap DEX platform.
Another feature is the ability of multiple token combinations. The trading pairs and liquidity pools can involve token such as BNB, USDT or CAKE among others. When a project token’s liquidity on SpringBoard hits 100% of the bonding curve, all minted tokens are automatically swapable on PancakeSwap DEX.
Besides, there is the farming program in PancakeSwap SpringBoard for the provision of liquidity. There are various projects which can receive CAKE incentives based on trading volume, ensuring the creation of a liquid and engaged community.
PancakeSwap Launches SpringBoard to Boost DeFi Innovation
PancakeSwap introduces the new feature as its way of contributing to the development of DeFi and encouraging further advancement in that field. SpringBoard has been devised to make the process of initiating and expanding a project as painless as possible to enable the founders to easily enter a particular ecosystem. As stated by PancakeSwap’s Head Chef, Chef Kids, the tool provides an easy way of navigating through DeFi.
Ultimately, the primary goal of PancakeSwap SpringBoard is to support innovators by providing a simple and clear solution. Therefore, SpringBoard offers a viable way for creators who want to bring DeFi concepts to life and succeed.