PancakeSwap Takes on Pump.fun with Token Launchpad SpringBoard

Decentralized exchange (DEX) PancakeSwap unveiled a no-code token launchpad called SpringBoard to rival launchpad giant like Pump.Fun.

PancakeSwap’s launchpad aims to streamline the token creation process for developers, allowing them to launch new tokens on the BNB chain without the need for extensive coding knowledge or technical expertise. Launchpads in the blockchain space are platforms that facilitate the creation, launch, and initial liquidity for new tokens.

Along with a user-friendly interface, SpringBoard features customizable token parameters and built-in liquidity pool creation. Creators can also select from a variety of tokens, such as BNB, USDT, and PancakeSwap’s native token CAKE, to establish trading pairs and liquidity pools for their projects.

“Choose your token’s name, ticker, and basic settings—SpringBoard handles the rest,” the DEX advertised in a tweet on its X account.

What About Fees?

Springboard will not charge a launch fee for users’ projects. It also touted “transparent distribution without pre-sales or seed rounds.”

After launching a token, a 1% trading fee applies when using the bonding curve on SpringBoard, with a minimum fee of 0.001 BNB. Meanwhile, the seeding fee is set at 2% of the liquidity.

PancakeSwap further explained that once liquidity hits 100% on the bonding curve, the token will be automatically paired on the PancakeSwap DEX to ensure “smooth trading” for the community.

Competition Heats Up

SpringBoard acts as a direct competitor to popular launchpads like Solana-based Pump.fun, Ethereum’s Etherfun, and Tron network’s Sun.pump.

As memecoin popularity grows, the demand for such no-code token launch platforms remains strong. Pump.Fun alone generated over $93 million in revenue in November, a 270% increase from the $30.5 million it brought in during October, according to DeFiLlama..

“As someone who’s closely following the DeFi space, I believe SpringBoard could hold up as a strong competitor to platforms like Pump.Fun,” Rob Stevenson, the Founder of BackupVault, said. “This simplicity, combined with PancakeSwap’s robust liquidity ecosystem, could attract a wide range of users looking to launch tokens quickly and securely.”

Following the announcement of Springboard, the price of CAKE increased by over 20% to hit a daily high of $4.34.