Home Latest News PancakeSwap Burns $27M in CAKE in Continuing Attempt to … – BSC...

PancakeSwap Burns $27M in CAKE in Continuing Attempt to … – BSC NEWS





The value of CAKE token has remained unchanged since Sept. 1, outperforming BTC and ETH.
We hope you like the smell of burnt pancakes in the morning! PancakeSwap has just eliminated $27 million worth of $CAKE from circulation, as part of its regular burn program to combat inflationary pressures on the token.
🔥 6,827,850 $CAKE just burned – that’s $27M!

💰 Trading fees (Swap and Perpetual): 356k CAKE ($1M) +28%
🔮 Prediction: 59k CAKE ($229k) -5%
🎟️ Lottery&Pottery: 43k CAKE ($168k) +46%
🔒 NFT Market, Profile & Factory: 469 CAKE ($2k) -40% pic.twitter.com/b22HuSGjGu
The CAKE token is currently trading at $3.89, which is basically unchanged since Sept. 1. (During the past three months, the token has reached a maximum value of more than $5 and a minimum of under $3.60.)
During the bear market, “no change” in price often means “good change.” Since Sept. 1, $CAKE has outperformed the two major coins $BTC and $ETH, which have lost about 20% and 30% of their value, respectively, during that time.
PancakeSwap is the dominant Decentralized Exchange (DEX) and leading Decentralized Application (dApp) overall on BNB Chain and has recently branched out to Ethereum and Aptos.
Perhaps unsurprisingly, the price of $CAKE has correlated more nearly with $BNB than $BTC or $ETH. The current value of $BNB is about the same as it was on Sept. 1, although, like $CAKE, the price experienced peaks and valleys during the interim period.
PancakeSwap is a Decentralized Exchange (DEX) built on BNB Chain. It offers users various features such as Liquidity Pools (LPs), swapping, yield farming, Syrup Pools, an Automated Market Maker, Initial Farm Offerings (IFOs), an NFT profile system, and other tools. 
In addition, the protocol helps users make the most out of their crypto assets by trading, earning through yield farming, and winning via lottery, prediction, and NFT collectibles. With the highest trading volumes in the market, PancakeSwap is the leading DEX on BNB Chain. 
Where to find PancakeSwap:
Website | Twitter | Medium | GitHub
The Pudgy Pengiuns NFT collection has been expanding its ecosystem and community, typified by the announcement of Pudgies’ IRL presence at North America’s largest night market
Blue-chip NFT collection, Pudgy Penguins, will be showcased at the Richmond Night Market in Canada, kicking off the launch of TheFunPass.
Richmond Night Market is the biggest in North America, boasting more than one million visitors each season that come for the site’s 500+ vendors, 100+ food stalls, and dedicated entertainment area, according to the Pudgy Penguins team.
Pudgy Penguins will be exhibited via their own game, which offers players the possibility of winning a number of Pudgy Penguins trademarked items, as well as a way of engaging with the Pudgy Penguins IP in real-life fashion.
The occasion will further mark the commencements of TheFunPass’ initiative – “a new digital rewards program coming to the night market.”
Pudgy Penguins is a collection of 8,888 non-fungible tokens (NFTs) featuring cute, chubby cartoon penguins that embody “love, empathy, & compassion.” The penguins feature rarity traits such as different shirts, hats, glasses and backgrounds. Pudgy Penguin holders, who refer to themselves as “The Huddle” and “Pengus,” receive exclusive access to experiences, events, intellectual property (IP) licensing opportunities and other perks.
Pudgy Penguins have amassed a cumulative trading volume of more than 180,000 ETH on OpenSea, at time of writing, and hold a floor price of 4.12 ETH.
TheFunPass™, founded by Wil Lee and Cass Chan of the littles, is a brand-new model of interaction between the physical & digital worlds that empowers users and business operators.
Users of TheFunPass can partake in an immersive, engaging experience through customizable missions, earning phygital rewards unlocking exclusive benefits, digital collectibles, and unforgettable experiences
TheFunPass also enables event operators to create customized campaigns driving attendee participation and extending engagement before, during, & after the event.
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Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
Sponsored
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
Sponsored
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
Sponsored
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.

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