The latest announcement from the world's largest DEX sets up a big Q1 with more multichain growth on the way.
PancakeSwap v3 Launching in Q1 2023
PancakeSwap has announced that its version 3 swap and liquidity will be launched by the end of Quarter 1 in 2023. The largest Decentralized Exchange (DEX) in Web3 looks set for some major upgrades to begin the year.
During an exciting AMA session on January 31 which discussed several of the multichain updates being cooked up by the PancakeSwap Chefs, Chef Bun gave the notable news regarding the v3 update. The v3 update is expected to improve the trading and liquidity experience for users. PancakeSwap is also looking for ecosystem partners to collaborate in the v3 launch.
🐰 Thank you everyone for joining the #PancakeAMA
— PancakeSwap 🥞 #Multichain (@PancakeSwap) January 31, 2023
Key highlights:
- v3 launch by the end of Q1
- Market maker integration on Ethereum PCS (soon)
- Expanding to more chains
- Aptos IFO (very soon)
and much more
For those who missed the AMA, the recap will be posted by this week
The PancakeSwap Chefs also indicated that more multichain growth is on the way. There will be upcoming IFOs on Aptos as well as a new Market Maker integration to Ethereum.
The over 900 listeners were also greeted with news from Chef Mochi, who confirmed that the team will look to expand to at least one or two more chains in 2023. This would make PancakeSwap accessible on up to five chains! The team is currently fielding suggestions on Twitter for which chains. Could a preferred chain get Ratio’d?
The PancakeSwap team did not record the AMA and will be providing a summary in the near future.
What is PancakeSwap:
PancakeSwap is a Decentralized Exchange built on BNB Chain and available multichain on Ethereum and Aptos. 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:
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Related News
Nigerian Court Orders Binance to Share Information of All Nigerian Users
This directive follows the Nigeria's pursuit of data on Binance's top 100 users in Nigeria and their transaction history.
A Nigerian court recently ruled that cryptocurrency exchange Binance must provide detailed information related to Nigerian traders to Nigeria's Economic and Financial Crimes Commission (EFCC).
The interim order issued by Justice Emeka Nwite from the Abuja Division of the Federal High Court follows a motion filed by the EFCC’s lawyer, Ekele Iheanacho.
“The applicant’s application dated and filed on February 29, 2024, is hereby granted as prayed. That an order of this honorable court is hereby made directing the operators of Binance to provide the commission with comprehensive data/information relating to all persons from Nigeria trading on its platform,” The court order stated.
Nigeria's premier financial crimes investigation agency, the EFCC, is actively investigating Binance's Nigerian user base. Previously, the agency had requested information on the top 100 users in the country along with their transaction history spanning the preceding six months.
Nigeria’s Concerns and Allegations
Nigeria’s scrutiny of the crypto industry stems from concerns over the purported facilitation of illegal capital outflows, a phenomenon believed to have contributed to the devaluation of the Nigerian naira against the dollar. For its alleged role in enabling significant capital movements, the Nigerian authorities have focused on Binance in particular.
Reports suggest that Nigerian authorities have demanded $10 billion in penalties from Binance for its involvement in handling approximately $26 billion of untraceable funds. Moreover, two senior Binance executives were detained by Nigerian authorities following their invitation to the country for discussions on the matter. Their court hearing is scheduled for Wednesday, according to Reuters.
While Binance’s privacy terms stipulate the possibility of sharing user data with authorities for legal and regulatory compliance, the exchange’s stance on adhering to the Nigerian court’s directives remains uncertain.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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