PancakeSwap (CAKE) price up 8% after Binance’s venture capital purchased CAKE token

PancakeSwap (CAKE) price up 8% after Binance’s venture capital purchased CAKE token
фото показано с : invezz.com

2022-6-7 17:24

The price of PancakeSwap’s native token, the CAKE, has jumped after Binance’s venture arm, the Binance Labs, purchased CAKE tokens as an investment.

Although even after today’s rally CAKE is still way down from its all-time high of $43.96 that it had set last year on April 30, the move by Binance Labs proves that Binance has confidence in PancakeSwap’s native token.

PancakeSwap is one of the largest decentralized exchanges around the world and it commands about 14% of the overall DEX trading volume according to the data released by The Block.

Binance Labs investment plan

In the announcement, Binance noted that the investment was in line with its current mission of facilitating the global adoption of blockchain. However, they did not disclose how much they will be investing.

To actualize this, Binance Labs will provide support to the main areas like community support, and technology development and marketing.

Head of Binance Labs, Bill Qian said:

“PancakeSwap has been leading the development and mass adoption of BNB Chain. Given that PancakeSwap is the most widely used dApp and the DeFi project with the highest TVL on BNB Chain, we have and will continue to provide strong support for the project.”

However, it’s not yet clear how Binance Labs will provide support for PancakeSwap apart from buying the tokens.

Meanwhile, it was confirmed last week that Qian is set to leave Binance for personal reasons. In May this year, Nicole Zhang, Binance Labs executive director, had also left.

The post PancakeSwap (CAKE) price up 8% after Binance’s venture capital purchased CAKE token appeared first on Invezz.

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PancakeSwap (CAKE) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $1.4881
Капитализация $0 Rank 99999
Цена в час новости $ 4.3251 (-100%)

cake binance token pancakeswap purchased price venture

Источник: invezz.com

cake binance → Результатов: 29


Цена PancakeSwap (CAKE) выросла на 9% из-за покупок Binance Labs

Токен управления PancakeSwap CAKE вырос на 9% после новостей о том, что подразделение венчурного капитала Binance приобрело CAKE в качестве инвестиции. По данным CoinGecko, в результате скачка CAKE прибавил 9,8% в течение дня, торгуясь в настоящий момент на уровне $4,78.

2022-6-14 11:12


Binance Labs инвестировало в PancakeSwap. Токен CAKE вырос на 10%

Венчурное и инкубационное подразделение Binance объявило о стратегических инвестициях в децентрализованную биржу PancakeSwap на базе сети BNB Chain. . @BinanceLabs has invested in @PancakeSwap's utility and governance token, $CAKE.

2022-6-6 13:31


Сотрудничество с Binance повысило цену токена PancakeSwap на 20%

Токен CAKE прибавил в цене более 20% после того, как некастодиальная биржа PancakeSwap объявила об интеграции с мобильным приложением Binance.   По данным CoinMarketCap, 17 марта цена актива выросла с $5,7 почти до $7,2, затем опустившись до $6,5.

2022-3-17 20:02


Цена токена PancakeSwap выросла на 20% после объявления о партнерстве с Binance

Токен CAKE прибавил в цене более 20% после того, как некастодиальная биржа PancakeSwap объявила об интеграции с мобильным приложением Binance. https://twitter. com/PancakeSwap/status/1504427392550711297 По данным CoinMarketCap, 17 марта цена актива выросла с $5,7 почти до $7,2, затем опустившись до $6,5.

2022-3-17 18:30


Фото:

The best Binance Smart Chain ecosystem tokens worth buying on December 30: CAKE, BAKE and ALPHA

PancakeSwap CAKE/USD is an automated market maker (AMM) and a decentralized finance (DeFi) application that lets users exchange tokens and provide liquidity through farming and earning fees. BakeryToken BAKE/USD is a part of the BakerySwap ecosystem where liquidity providers get rewarded in BAKE tokens that can be used to earn a share of the trading […] The post The best Binance Smart Chain ecosystem tokens worth buying on December 30: CAKE, BAKE and ALPHA appeared first on Invezz.

2022-1-1 15:00


The Magnificent Seven: CAKE, RVN, GNT, XVS, BNB, DASH, TFUEL – Biggest Gainers Over the Past Seven Days

In this article, we’ll look at the seven coins that have increased the most over the past seven days (Feb 12 – 19). They are: PancakeSwap (CAKE) – 173% Ravencoin (RVN) – 154% Golem (GNT) – 144% Venus (XVS) – 133% Binance Coin (BNB) – 112% Dash (DASH) – 94% Theta Fuel (TFUEL) – 98% … Continued The post The Magnificent Seven: CAKE, RVN, GNT, XVS, BNB, DASH, TFUEL – Biggest Gainers Over the Past Seven Days appeared first on BeInCrypto.

2021-2-20 22:33


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