PancakeSwap Announces Fan Token Trading Battle

Fan token competition comes when the $CAKE token really needs resuscitation.

By
Kyle Heise
on
December 10, 2021
Category:
BSC News

Fan Token Competition On The Way

Another iteration of the PancakeSwap Trading Competition is on the way, with over $120,000 USD in prizes up for grabs. The next trading competition will coincide with the set of fan tokens recently launched by Binance, including $LAZIO, $PORTO, and $SANTOS.

The latest competition and its requirements were announced in a Medium blog on Dec. 8th by PancakeSwap, all the steps. Interested users will need to sign up to participate with one of three teams:  Syrup Storm, Fearsome Flippers, and Chaotic Cakers. The contest will run from Dec. 14 to 20th, with prize tallying coming the days after for the top 500 participants from each team. 

“$120k in total, $60k in Fan tokens ($20k each for $SANTOS, $PORTO, and $LAZIO), and $60k in $CAKE,” PancakeSwap’s Chef Bun wrote in the Medium. “On top of that, earn achievements, points, and just like last time — super limited, animated NFTs!”
Source

PancakeSwap desperately needs to find a way to kick start the token price, which languishes below $12, a far cry from its all-time high of over $44––according to CoinMarketCap. Many users across Binance Smart Chain have been on high alert since the token nose-dived in late November. No one should expect a fan token competition to be the saving grace, but PancakeSwap can improve its token plight step by step. 

For users interested in the prizes available, head over to the Medium from Chef Bun for details on the competition. There are peculiar details, so check out the finer print to see how the competition will shake out. 


About PancakeSwap 

PancakeSwap is a Decentralized Exchange (DEX) built on BSC. It offers users various features such as Liquidity Pools, Swapping, Yield Farming, Syrup Pools, Automated Market Maker, Initial Farm Offering (IFO), NFT profile system, and many others. 

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 the BSC. 

Where to find PancakeSwap:

Website | Twitter | Medium | GitHub

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Kyle Heise

Born and raised in the East Bay of California. He has studied and worked on three continents and lived in eight countries. Kyle resides in San Francisco. He holds bags mostly in ETH, CRO, CAKE, and BSC meme projects.

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