On December 4, the BNB rate was set ATH at $782.79 after DEX PancakeSwap presented PancakeSwap Springboard is a platform for issuing meme coins on the BNB Chain.
During the day, the asset rose in price by 19.6%. The cryptocurrency was in fifth place by capitalization ($113 billion), overtaking Solana.
In November, Pump.fun, a pioneer and counterpart to PancakeSwap Springboard on a rival blockchain, collected record $93 million in the form of commissions (+208% m/m). This jump allowed Solana to become a leader in terms of turnover on DEX.
At the time of writing, users are already created 10 meme tokens, the capitalization of the largest of them is $227,916.
Launching an asset does not require the user to have knowledge of a programming language; it is enough to set the project name, ticker and basic settings in a few clicks.
PancakeSwap SpringBoard does not charge a service fee.
The protocol trading fee is 1%, with a minimum of 0.001 BNB after the token is successfully brought to market.
The fee for creating initial liquidity before switching to PancakeSwap is 2%. Half of this value goes to the creator, the other goes to PancakeSwap SpringBoard.
The settlement tokens you can choose from are BNB, USDT and CAKE.
Once an asset’s liquidity reaches 100% of the “link curve” on SpringBoard (24 BNB), all of its issued coins will automatically appear on PancakeSwap.
On December 4, the token of the decentralized exchange CAKE also increased in price by 30% within 24 hours.
In October, the developers of Pump.fun announced plans to launch a token and introduced the Pump Advanced trading terminal with advanced features for advanced users.
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Source: Cryptocurrency
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