PancakeSwap Burns $27M Worth of Tokens Ahead of V3 Launch

2023-3-7 19:30

PancakeSwap has burned 7,153,999 CAKE tokens as the decentralized exchange (DEX) prepares for the V3 launch scheduled in April.

The DEX tweeted on Monday that it burned a total of $27 million worth of CAKE tokens. The protocol collected these tokens through various mediums such as trading fees, predictions, lottery, and non-fungible token (NFT) marketplace.

PancakeSwap also announced upgrading to V3 from the first week of April 2023. But, some community members have expressed displeasure with the poor price-action of CAKE.

and price is still in the gutter. REVENUE SHARING!!
that's what works, get on with the program for fuck sakes. if you're 3 months late in defi, you're fucked.
i'm really tired of holding a coin that's going nowhere.
we don't even know if binance is still involved or have given up

— marcus walnut (@MarcusWalnut) March 6, 2023 PancakeSwap Announces $135,000 Airdrop

In a medium article, the DEX claims that V3 will bring competitive trading fees, trading incentives, improved liquidity provisioning, and yield farming experience. It has also announced a $135,000 worth of airdrop in CAKE tokens to celebrate its migration.

Out of the total airdrop amount, $105,000 is allotted to incentivize the existing users. At the same time, the protocol has planned to reward new users with the remaining $30,000. Users who provide liquidity of a minimum of $500 in specified liquidity pools are eligible for the airdrop.

PancakeSwap will also airdrop an NFT to the winners, along with CAKE tokens. But, the NFT will be non-transferable to any other wallets.

Despite the positive developments in the project, the price of the CAKE token has been down by 1.38% in the past 24 hours. It is down 91% from an all-time high of $44. According to DefiLlama, it has over $2.48 billion in Total Value Locked.

Source: BeInCrypto

Got something to say about PancakeSwap or anything else? Write to us or join the discussion on our Telegram channel. You can also catch us on TikTok, Facebook, or Twitter.

For BeInCrypto’s latest Bitcoin (BTC) analysis, click here

The post PancakeSwap Burns $27M Worth of Tokens Ahead of V3 Launch appeared first on BeInCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

VIP Tokens (VIP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 VIP

tokens launch pancakeswap ahead worth burns 27m

Источник: beincrypto.com

tokens launch → Результатов: 126


Фото:

TMS Network (TMSN) makes headlines with its launch, Gifto (GFT) Soars 268% This Week Amid Crypto Platform Rebranding

The crypto space has been in the news lately, with the sector witnessing major gains from various tokens and cryptocurrencies. But while the potential returns on such investments can be appealing, this article takes a closer look at why Gifto (GFT) could have outperformed expectations, and explains why infusing in TMS Network (TMSN) could be […]

2023-2-22 17:21


Фото:

Bitget Introduces An Innovation Zone To Support Projects And Tokens With Colossal Potential

Bitget, a leading crypto exchange, is elated to launch its Innovation Zone, a safe environment for users and investors to find new projects and coins that show long-term potential. According to the Bitget team, this creative space will provide the right tools for projects with the most promising potential to see the light of day. […]

2023-2-17 16:56


Bitpanda-backed Pantos Launches Public Beta of Its Multichain Token System

Vienna, Austria, 14th February, 2023, Chainwire Pantos, a multichain token system conceived by the team behind Bitpanda, announces the public beta launch of its multichain protocol today. Developers and users will be able to use the public beta to send tokens, wrap native coins of supported chains, and soon also create and deploy multichain tokens […] The post Bitpanda-backed Pantos Launches Public Beta of Its Multichain Token System appeared first on CaptainAltcoin.

2023-2-16 17:00


AI cryptos continue to sizzle with the market sector up over 51% in the past week

The market sector of AI crypto continues to sizzle, with the top 30 tokens all in the green over the last 30 days, a trend that has left many investors wondering: how frothy can this top possibly get?  The news comes on the heels of the widely successful launch of ChatGPT, backed to the tune […] The post AI cryptos continue to sizzle with the market sector up over 51% in the past week appeared first on CryptoSlate.

2023-2-7 22:37


BNB (BNB) and Kava (KAVA) Struggle to Compete Against Snowfall Protocol (SNW) as It Approaches Launch Date on February 3rd – Find Out Why!

Coinspeaker BNB (BNB) and Kava (KAVA) Struggle to Compete Against Snowfall Protocol (SNW) as It Approaches Launch Date on February 3rd – Find Out Why! Interoperability between blockchains and their respective tokens is one of the most critical challenges that blockchain protocols and applications face.

2023-1-24 14:18


China to launch its first regulated NFT marketplace, China Digital Asset Trading Platform, on January 1

China will launch a regulated platform for trading Non-fungible trading tokens (NFTs) known as China Digital Asset Trading Platform on January 1, 2023, according to local media outlet Sina News. The post China to launch its first regulated NFT marketplace, China Digital Asset Trading Platform, on January 1 appeared first on CryptoSlate.

2022-12-30 08:00


New Launch SmarterWorx Finally Brings True Utility To NFTs, Solana And Fantom Projects Should Take Note

NFT’s appearance is evolving! The worth is rising! The knowledge we previously had about NFTs is being improved for increased utility. What are NFTs? Non-Fungible Tokens are unique digital assets kept on the Blockchain and protected against piracy and proliferation by having their own unique information and identification.

2022-12-15 09:27


Фото:

Launch of the SolsWipe Debit Card; Protocol Set for Expansion Through Strategic Partnerships

By releasing a cryptocurrency debit card, SolSwipe has taken a major step toward its ultimate goal of increasing the mainstream acceptance of cryptocurrency. Phantom is a Solana-based wallet optimized for decentralized finance (Defi) and non-fungible tokens; this debit card is the first to support Web3 reloading with Phantom (NFTs).

2022-11-5 00:20


Pastel Co-Founder Anthony Georgiades on the SmartMint Launch

Anthony Georgiades is the Co-Founder of Pastel Network, a fully decentralized, developer-friendly layer-1 blockchain serving as the preeminent protocol standard for non-fungible tokens (“NFTs”) and Web3 technology   Georgiades began building  Pastel with Co-Founders Jeff Emanuel and Alexey Kireyev in 2018, a time when NFTs were still in their infancy.

2022-10-21 17:12


RhinoX Soulbound NFT Launches Roadmap Detailing New ‘Soul Breeding’ Mechanism

BinaryX, a GameFi development platform, today announced the launch of their official RhinoX roadmap, which unlocks new and exciting use cases for soulbound tokens in the Web3 space. The roadmap reveals RhinoX’s ambitious plans to develop a ‘soul breeding’ mechanism that gives existing RhinoX token holders the ability to breed 2nd generation NFTs from their … Continued The post RhinoX Soulbound NFT Launches Roadmap Detailing New ‘Soul Breeding’ Mechanism appeared first on BeInCrypto.

2022-10-20 23:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

PancakeSwap (CAKE) Eyes Major Move up After Long-Term Breakout

PancakeSwap (CAKE) is approaching the end of a neutral short-term pattern. Whether it breaks out or down could determine the direction of the future trend. The post PancakeSwap (CAKE) Eyes Major Move up After Long-Term Breakout appeared first on BeInCrypto.

Cardence to List on PancakeSwap on November 3

SpinADA is the latest offering from the game-changing Cardence.io platform, which allows investors early access to invest at IDOs, before public release. The post Cardence to List on PancakeSwap on November 3 appeared first on BeInCrypto.

Botocean Launches on Binance Smart Chain and PancakeSwap

Starting May 14, 2021, BOT token holders can now swap their Ethereum tokens to the BSC ones and trade them on PancakeSwap by using the Botocean Bridge. “We are thrilled to offer our token holders the possibility to trade the BOT token on the Binance Smart Chain.