PancakeSwap launches one-stop token issuance platform SpringBoard, CAKE token rises by over 20%

Decentralized cryptocurrency exchange PancakeSwap announced on Wednesday the launch of a one-stop token issuance platform, PancakeSwap SpringBoard, allowing developers to easily create and issue their own tokens on BNB Chain through PancakeSwap without any coding.

The main feature of PancakeSwap SpringBoard is that it simplifies the process from token creation to liquidity setting, helping users handle all technical details. After setting the project name, code, and basic parameters, they can go live and start trading within minutes.

Other features of PancakeSwap SpringBoard include zero issuance fees and multi token trading pairs (which can be selected to include BNB, USDT, CAKE and other tokens to form trading pairs and establish corresponding liquidity pools). PancakeSwap stated that the platform will also use CAKE tokens to enhance the liquidity of its user projects through its Farm Program.

After the announcement of the launch of PancakeSwap SpringBoard, the price of PancakeSwap's native token CAKE rose by as much as 25%, with CAKE trading at $4.18 before the deadline.

BNB Chain ecological token keeps up with the rising trend

It is worth noting that BNB, which lagged behind in the "Trump Trading" market, finally started an upward trend yesterday evening, with an increase of 20% in the past 24 hours. The trading price before the deadline was $779.

The rise of BNB has also driven the rise of some BNB Chain ecological tokens. In addition to PancakeSwap's CAKE, the XVS token of the BNB Chain ecological lending protocol Venus has risen by 17.70% in the past 24 hours, the BSW of the decentralized exchange Biswap has risen by 15.5%, and the BAKE token of BakeySwap has risen by 15.5%.

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