{"id":19189,"date":"2024-12-04T16:20:52","date_gmt":"2024-12-04T14:20:52","guid":{"rendered":"https:\/\/forklog.com\/en\/bnb-reaches-new-heights-following-meme-coin-platform-launch\/"},"modified":"2024-12-04T16:20:52","modified_gmt":"2024-12-04T14:20:52","slug":"bnb-reaches-new-heights-following-meme-coin-platform-launch","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bnb-reaches-new-heights-following-meme-coin-platform-launch\/","title":{"rendered":"BNB Reaches New Heights Following Meme Coin Platform Launch"},"content":{"rendered":"<p>On December 4, BNB reached a new <span data-descr=\"all-time high\" class=\"old_tooltip\">ATH<\/span> of $782.79 after the DEX PancakeSwap <a href=\"https:\/\/blog.pancakeswap.finance\/articles\/introducing-pancake-swap-spring-board-create-and-launch-your-project-s-token-on-bnb-chain-pancake-swap-all-in-one-place-1\">introduced<\/a> PancakeSwap Springboard \u2014 a platform for launching meme coins on the BNB Chain.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-1342.webp\" alt=\"1-1342\" class=\"wp-image-246768\"\/><figcaption class=\"wp-element-caption\">Hourly chart of XRP\/USDT on Binance. Data: <a href=\"https:\/\/ru.tradingview.com\/symbols\/XRPUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Over the day, the asset <a href=\"https:\/\/www.coingecko.com\/en\/coins\/bnb\">rose by 19.6%<\/a>. The cryptocurrency ranked fifth by market capitalization ($113 billion), surpassing Solana. <\/p>\n<p>In November, Pump.fun \u2014 a pioneer and counterpart to PancakeSwap Springboard on a competing blockchain \u2014 collected <a href=\"https:\/\/defillama.com\/protocol\/pump\">a record $93 million<\/a> in fees (+208% month-on-month). This surge allowed Solana to lead in DEX turnover.<\/p>\n<p>At the time of writing, users have already <a href=\"https:\/\/springboard.pancakeswap.finance\/bsc\">created<\/a> 10 meme tokens, with the largest having a market cap of $227,916.<\/p>\n<p>Launching an asset does not require programming knowledge; users can set the project name, ticker, and basic settings &#8220;in a few clicks.&#8221;<\/p>\n<p>PancakeSwap SpringBoard does not charge a fee for the service.<\/p>\n<p>The trading fee in the protocol is 1%, with a minimum of 0.001 BNB after successfully launching the token on the market.<\/p>\n<p>The fee for initial liquidity formation before transitioning to PancakeSwap is 2%. Half of this amount goes to the creator, while the other half is directed to PancakeSwap SpringBoard.<\/p>\n<p>BNB, USDT, and CAKE can be chosen as settlement tokens.<\/p>\n<p>Once an asset&#8217;s liquidity reaches 100% of the &#8220;bonding curve&#8221; on SpringBoard (24 BNB), all its issued coins will automatically appear on PancakeSwap.<\/p>\n<p>On December 4, the token of the decentralized exchange CAKE also <a href=\"https:\/\/www.coingecko.com\/en\/coins\/pancakeswap\">rose by 30%<\/a> over the day.<\/p>\n<p>In October, Pump.fun developers announced plans to launch a token and introduced the Pump Advanced trading terminal with enhanced features for advanced users.<\/p>\n<p>In late November, the platform disabled streaming, leading to a one-third drop in revenues.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On December 4, BNB reached a new ATH of $782.79 after the DEX PancakeSwap introduced PancakeSwap Springboard \u2014 a platform for launching meme coins on the BNB Chain. Hourly chart of XRP\/USDT on Binance. Data: TradingView. Over the day, the asset rose by 19.6%. The cryptocurrency ranked fifth by market capitalization ($113 billion), surpassing Solana. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19188,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1307,1161,1446],"class_list":["post-19189","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bnb-chain","tag-memes","tag-pancakeswap"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=19189"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19189\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/19188"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=19189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=19189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=19189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}