.PancakeSwap launches revenue sharing pool, here's how $CAKE stakers can benefit PancakeSwap
launched its own play-to-earn product in May 2023. Its Pancake Protectors went live in mainnet with real rewards.The exact amount of rewards will be calculated proportionally to the size of a user's CAKE stake and the duration of his/her staking period. Maximum staking time is 52 weeks, the announcement says.
Rewards will be distributed between the participants of the program every week. In order to celebrate the launch of the initiative, the first four distributions will each receive 25% of the revenue sharing rewards from June and July, two months prior to the program's start. Following the announcement, the price of CAKE jumped over $1.59 on major spot trading platforms, adding 6.7% in almost no time. The token is back to the top 100 of the largest crypto assets on CoinMarketCap, with $337.4 million in aggregated capitalization.
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