One of the largest DEX, Pancakeswap has launched SpringBird, a pump.fun-like dApp on BNB Chain. This platform will enable developers to launch tokens for their project within minutes, without needing any technical knowledge.
As per the announcement, SpringBoard offers several benefits and functionalities to users while allowing them create cryptocurrency, not requiring coding at all. It also has other key facilities like zero launch fee, multi-token pairing and liquidity boosting using Pancakeswap’s CAKE token.Â
The launch of SpringBoard comes after a week of huge controversy emerged over Pump.fun’s newly launched live streaming feature. The controversy was too heated that the platform even had to disable the live-streaming feature on the spot.
Now the similar platform is launched on BNB Chain, it is expected to bring increased onchain activity on Binance’s own blockchain platform.
Within months of its launch in January 2024, Pump.fun gained significant traction and amassed millions of users due to its novel idea of launching or finding a new cryptocurrency earlier. It became much popular among active investors, especially for memecoin lovers who seek to gain quick profits.
The launch of SpringBoard marks a significant milestone for BNB Chain as the crypto market is witnessing a bullish phase currently. Given that the BNB Chain is currently the fifth largest blockchain network by market cap, SpringBoard could benefit with millions of existing users and huge liquidity.
