PancakeSwap SpringBoard, explained: No-code token launching simplified

How to use the PancakeSwap SpringBoard

Springboard’s comprehensive toolkit facilitates the issuance of tokens. On a single platform, you can create tokens, set up liquidity, and enable trading. The platform offers developers freedom by supporting a range of token pair alternatives, including coins like BNB (BNB), Tether’s USDt (USDT) and PancakeSwap (CAKE).

Here is a step-by-step process of token creation on SpringBoard: 

Step 1: Connect your wallet to BNB Chain

Go to PancakeSwap SpringBoard and connect your wallet to the BNB Chain. SpringBoard supports MetaMask and Trust Wallet. Transfer enough BNB to your wallet to cover transaction fees (~0.001 BNB) and any further liquidity needs.

Step 2: Configure your token

Click “Create Token.”

Set up token specifications

• Upload media: Select and upload an image that will represent your token. 
• Token name: Give a unique name to your token. 
• Ticker symbol: Define a ticker symbol for your token. 
• Description: Write a brief overview of your project and its objective. 
• Raised token and amount: Select the tokens — e.g., BNB, USDT, CAKE — for trading and liquidity purposes. 
• Project information: This is optional. But providing additional project information about your project, such as website, X and Telegram links, will boost credibility.

Additional options

Here are a few extra options you can specify on the PancakeSwap SpringBoard:

• Set basic token details: Specify the total supply for your project and the amount you intend to raise in CAKE, BNB or USDT. The predetermined total supply for tokens launched via PancakeSwap SpringBoard is 1,000,000,000, while the minimum is $2,000.
• Adjust token distribution ratios: The token distribution strategy involves three primary ratios: the Sales Ratio, Reserved Ratio and Liquidity Pool Ratio. The Sales Ratio outlines the percentage of tokens designated for public sale, and the Reserved Ratio specifies the portion of tokens held in reserve for future use. The Liquidity Pool Ratio determines the percentage of tokens paired with a trading token, such as BNB, USDT or CAKE, to facilitate trading liquidity.
• Check token pricing: The initial price of the token is determined by the total supply and the amount of funds raised during the initial offering. The platform also estimates the maximum potential price increase before the token is listed on PancakeSwap, helping you understand the potential impact of market dynamics.
• Configure launch settings: The platform allows you to set the specific launch date and time for your token sale. Additionally, you can implement a per-user purchase limit, restricting the number of tokens each participant can acquire. This limit can be defined in terms of CAKE or other supported tokens.

Did you know? Binance Launchpad raised $212,784,705 of funds with 5,980,023 unique participants on Dec. 17, 2024. The platform has $1,170,162,774 currently locked.

Step 3: Create the token

To create your token, click the “Create Token” button and confirm the transaction in your connected wallet.

Trading on the bonding curve and PancakeSwap integration

Once your token is launched, it is open for trading on PancakeSwap SpringBoard using a bonding curve mechanism. This means that the price of the token will automatically adjust based on supply and demand. As more tokens are purchased, the price will gradually increase. A 1% trading fee, with a minimum of 0.001 BNB, will apply to each trade.

When the liquidity for your token reaches 100% on SpringBoard, which is approximately 24 BNB by default, tokens are locked in GoPlusLabs, a third-party platform. This creates a system where even PancakeSwap cannot access or remove the liquidity pool.

After the liquidity is locked, the “seeding” process begins. This involves automatically pairing the raised funds and project tokens in a PancakeSwap v3 pool. A 2% liquidity seeding fee will be charged, with half going to the token creator and the other half to PancakeSwap SpringBoard. Once the seeding process is complete, users can trade the token directly on PancakeSwap.

Key features of PancakeSwap SpringBoard

PancakeSwap SpringBoard has an intuitive interface designed to enable token creation without coding knowledge. It facilitates the accelerated launch of tokens with a simplified process. Here are the key features of the platform:

• Tokenomics customization options: Flexible settings for token supply, distribution and vesting.
• Built-in liquidity pool setup: Streamlines liquidity provisioning directly within the platform.
• Smart contract security: Includes pre-audited smart contracts for enhanced safety.
• Integration with PancakeSwap: Seamlessly connects to PancakeSwap’s trading and liquidity ecosystem.
• Accessibility: Designed for users with no prior coding or blockchain knowledge, ensuring inclusivity.

Did you know? Polkastarter is a low-cost platform designed for crosschain token bids and pools. Blockchains it supports include Ethereum, BNB Smart Chain, Polygon, Celo and Avalanche.

How does SpringBoard compare with similar platforms?

PancakeSwap SpringBoard is a no-code platform for launching tokens, making it simpler than projects like Pump.fun and Snek.fun. Unlike these platforms, SpringBoard connects directly with PancakeSwap’s ecosystem, offering better liquidity, trading support and security. Its easy-to-use interface is ideal for non-technical users, compared to Pump.fun’s more complex setup. 

SpringBoard also focuses on community engagement, benefiting from PancakeSwap’s popularity, while Snek.fun targets niche markets. This makes SpringBoard a versatile option for a wide range of token projects.

Here’s how it compares with Pump.fun and Snek.fun:

How PancakeSwap Springboard may boost the DeFi ecosystem

By simplifying token launches for creators and fostering innovation, PancakeSwap SpringBoard will take the decentralized finance (DeFi) ecosystem a level up. Eliminating the technical barriers associated with token creation enables a wide range of users to participate in the DeFi space. 

Thanks to seamless integration with PancakeSwap’s ecosystem, SpringBoard ensures instant access to robust liquidity, secure trading and a large user base. This accessibility brings more projects and users, boosting liquidity and activity in DeFi.

SpringBoard’s emphasis on security and simplicity builds trust, encouraging wider adoption. Its community-driven model helps projects connect with PancakeSwap’s large audience, increasing visibility and growth. By enabling users to launch tokens easily, SpringBoard promotes inclusivity, innovation and scalability, shaping the future of decentralized finance. However, the full impact of SpringBoard on DeFi is yet to be seen.