Why Is PancakeSwap Token Price High Today?

1
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.
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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 2020. Users can collect the liquidity
provider tokens called FLIP after depositing the
funds or farm tokens like CAKE and SYRUP on the
platform. The token touched an all-time high of
US43.96 on April 30, 2021, and an all-time low
of US0.194 on Nov 3, 2020. Its current market
capitalization is US3.115 billion. The coin can
be purchased on Binance, BKEX, VCC Exchange,
MXC.COM, KuCoin, etc., and stored in wallets
like TrustWallet, ToeknPOcket, MetaMask, and
WalletConnect. Bottomline Players will be
able to play and earn simultaneously with the
combination of GoldMiners, a play-to-earn game,
and PancakeSwap, a DeFi platform. However, given
the risk involved due to volatility, investors
must exercise caution while trading in the crypto
market. Source gtgt https//kalkinemedia.com/news
/cryptocurrency/why-is-pancakeswap-cak e-token-up-
today
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PancakeSwap Clone Development PancakeSwap Clone
development services offers a high-end defi based
smart contract audited services that efficiently
processes automatic swapping of the BEP-20
tokens. Here a native token is used and it is
termed as a "cake" token. At here the token is
developed which automatically boosts the
liquidity provision of the pancakeswap platform.
We Sellbitbuy a leading DeFi Development Company
offer PancakeSwap Clone Script which delivers the
most advanced security features which function on
the basis of the automated market maker(AMM),
liquidity provision, staking, and swapping of
BEP-20 tokens.