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Multichain decentralized exchange PancakeSwap launched SpringBoard, its code-free new token launch platform.
SpringBoard is “an all-in-one platform that lets developers, creators, and projects easily create and launch their project’s tokens on BNB Chain PancakeSwap, with no coding,” according to a Dec. 4 announcement. “Whether you're building a meme coin, a community-driven project, or a DeFi project, SpringBoard simplifies the process with just a few clicks, from token creation to liquidity setup,” the platform promises.
Coinbase Pumps Ethereum and Solana Meme Coins With Latest Listing Plans
Coinbase further signaled its acceptance of meme coins on Wednesday, announcing its intentions to support trading for Gigachad (GIGA) and Turbo (TURBO) by adding the tokens to its listing roadmap. GIGA and TURBO tokens both saw swift upward price movements, jumping 37% and 15% respectively in the hour after the announcement from the Coinbase Assets account on X (formerly known as Twitter). Though announced together, the tokens come with distinct backstories and communities from two separate bl...
Chef Kids, PancakeSwap's Head Chef, told Decrypt that SpringBoard differentiates itself from alternatives “by offering an all-in-one token launch process.” They highlighted that “tokens created on Springboard are automatically paired with liquidity on PancakeSwap’s DEX once liquidity reaches 100% on the bonding curve, allowing immediate trading.”
Tokens already listed on the platform are seeing very high volumes from meme coin speculators.
Solana Meme Coin Launchpad Pump.Fun Drops Livestreaming Amid Backlash
Pump.fun, the prominent Solana-based token launchpad, said Monday that it has "paused" the livestreaming feature on its platform, which enabled users to stream a video feed alongside the creation of a meme coin. Tokens that utilized the livestreaming feature can no longer be found in a category using the drop down menu on the Pump.fun home page, and no longer have a video feed embedded on their respective Pump.fun pages. After the feature disappeared, the company confirmed that it was removed in...
SpringBoard’s website data shows that Sishengsheng (SSS)—a token created on the platform—is now up 199,000% since its launch under one hour ago, with a current market cap of just under $41,500. The token uses a bonding curve, which sees 12,104,341.3 SSS still available for sale.
“When the market cap reaches $196,098, all the liquidity from the bonding curve will be deposited into Pancake and burned,” the listing explains. The platform's highest market cap is currently Bink AI (BINK), at almost $2.75 million.
Chef Kids claimed that “market volatility is inherent in the early stages of any token launch” but the bonding curve mechanism “helps to provide a more orderly price discovery process, reducing the risk of extreme fluctuations.”
Dogecoin, Pepe and Other Top Meme Coins Fall as Focus Shifts to XRP
Top meme coins by market capitalization have taken most of the brunt stemming from Monday’s moderate sell-off, while XRP and Hedera (HBAR) continue to defy expectations. Dogecoin (DOGE) has fallen 8% on the day to $0.42 after climbing to a 24-hour high above $0.45. The seminal meme coin is riding on the eventual creation of a department of government efficiency—to be headed up by Tesla CEO Elon Musk and Vivek Ramaswamy next year. Despite the recent bullish fervor, other dog-themed tokens, includ...
The whole system closely resembles Pump.Fun. Chef Kids explained that SpringBoard differentiates itself from alternatives “by offering an all-in-one token launch process.” They highlighted that “tokens created on Springboard are automatically paired with liquidity on PancakeSwap’s DEX once liquidity reaches 100% on the bonding curve, allowing immediate trading.”
Pump.Fun also features a more gamified feel, with a heavily animated and colorful website that attracted a crowd that resulted in controversial marketing stunts. Due to some of those controversies, Pump.Fun recently dropped its support for using livestreams to promote tokens. The service even allows tokens to be launched for free while paying users for launching successful meme coins.
A bonding curve is a pricing mechanism in which the price of a token increases as more tokens are purchased, following a predefined mathematical formula. This model helps regulate supply and demand by adjusting the token price based on availability.
Edited by Stacy Elliott.
