Why Is PancakeSwap Token Price High Today?
The PancakeSwap (CAKE) token price jumped nearly 3% on Monday after it launched a Twitter poll regarding its proposal on Goldminer Syrup Pool and Farm. GoldMiner is a play-to-earn game, in which players can mine gold from in-game mines and earn a $GM token. Users can stake their CAKE token in the syrup pool and earn $GM tokens. GoldMiner has 13.64 billion tokens, with a 60-day distribution period, starting on Jan 4 and closing on March 5, 2022, at approximately 11 am UTC. According to PancakeSwap, the aim is to give an equal chance to everyone who wants to earn rewards at a high APY. Players can also earn tokens and equipment by participating in the tournaments. What is PancakeSwap? PancakeSwap is a decentralized exchange (DEX) on the Binance Smart Chain (BSC), a DeFi platform. The exchange offers various services, including Liquidity Pools, Swapping, Syrup Pools, Automated Market Maker (AMM), Yield Farming, Initial Farm Offering (IFO), etc. PancakeSwap was launched in Sept ...