PancakeSwap Easter Battle: NFTs are Heating Up

The number one decentralized exchange (Dex) on the Binance Smart Chain (BSC), PancakeSwap, is hosting an Easter Battle. The incentivized Easter Battle session contains a prize reward for a winning team and top players(traders).

By
Wilfred Victor
on
April 13, 2021
Category:
BSC News

Easter Battle

The competition is already live, but entry into the battle session is not available to traders anymore as with the competition rules. This is the first-ever team event, where teams from across the world can compete for a total price of over $200,000 worth of CAKE. Alongside the CAKE rewards are achievement points and most importantly, limited editions NFTs.

To enter the battle, players will have to trade BNB/BUSD, CAKE/BNB, ETH/BNB, and BTCB/BNB during the battle period; the higher the volume, the higher you and your team rank.


How Does Your Team Win?

According to the official released Medium post containing the details of the competition:

  • Team ranks are calculated by the total combined volume of the top 500 members of each respective team.
  • The final winning team will be the team with the highest total combined volume of their top 500 members at the end of the competition period.


The Timeline of Event

  • Getting Ready (April 5th-7th) - Teams will have to set up their profiles, then register for the Battle Session by clicking the “I WANT TO BATTLE” button.

  • Battle Time (April 7th-14th) - Trade BNB/BUSD, CAKE/BNB, ETH/BNB, and BTCB/BNB during the battle period to raise both your and your team’s score.
  • Prize Claim (April 14th-15th) — Teams and traders will be ranked in order of trading volume. Collect your prizes and celebrate!


Reward

Limited edition NFT (only 500 will be minted), the NFT is 3D animated, and the winning team’s mascot will be featured on top of the trophy.

Prizes are tiered into five; Gold, Silver, Bronze, Purple, and Teal. The winning team will be split into these categories and rewards will be distributed respectively.


How To Claim Your Prize

After the battle ends, visit the event page and click the “Claim Prizes” button in the top section or the “Your Score” section. Once you claim your prizes successfully, the button text will change to “Prizes Claimed.”

The teams are split into:



NFT Drop

In case you missed it, anyone who had completed the creation of a PancakeSwap Profile before block #6294750 can go and claim their team’s mascot as an NFT!


Concluding Thoughts

The competition will further establish PanCakeSwap position as the number one Automated Market Maker (AMM), not only on the BSC network but also in the entire DeFi ecosystem. It recently surpassed Uniswap in transaction volume, another top DeFi aggregator on the Ethereum chain.

CAKE at 4hr TF

Since the start of the competition, the native token of the platform CAKE has reached a record high of $24, breaking its previous ATH of $18. According to the data platform Coinmarketcap, the token boasts a fully diluted market cap of over $3 Billion and a 24hr volume of over $1 Billion. Total Valued Locked on the platform is currently around $7 Billion. 

PancakeSwap growth has been one of the fastest in Dex history. It continues to tick the right boxes and bring in unique innovations that continuously stimulate the interest of the crypto communities.

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Wilfred Victor

Ace finds himself as a blockchain enthusiast who is focused on growing with the entire crypto sector. He is an energetic and passionate writer who believes that all things are achievable.

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