PancakeSwap hosts first IFO on Aptos for BlueMove NFT Marketplace

by James · February 9, 2023

Towering over the rest of the BNB chain, PancakeSwap has a versatile suite of products that can help all types of users enjoy the benefits of Web3.

PancakeSwap is the most widely used Decentralized Exchange (DEX) built on the BNB Chain and one of the most prominent in all of Decentralized Finance (DeFi) on any chain. The chefs at PancakeSwap have created some remarkable products and services that make it one of the most versatile projects out there.

Having made the transition to multi-chain, the PancakeSwap chefs have an impressive repertoire of products and services to plan to deploy on Aptos, potentially Ethereum and more. With V3 tokenomics announced for Q1 of 2023, the chefs will have plenty to work on in the PancakeSwap kitchen for the foreseeable future.

Table of Contents

Ten products available on PancakeSwap:

1. CAKE – PancakeSwap’s native token. CAKE is used for management, staking and yield farming. It is one of the most held tokens in the BNB Chain.

2. Syrup pools – The version of automated market maker (AMM) pools created by PancakeSwap Chefs. Users can deposit and trade different tokens from BNB Chain.

3. Betting – PancakeSwap is a central use case for CAKE, allowing users to stake their native CAKE tokens to earn rewards and participate in governance decisions.

4. FLIP Tokens – A new type of token that represents a pool of other tokens, which can be traded and used for yield farming on PancakeSwap.

5. Crop farming – The classic form of DeFi passive income where users reap rewards for providing liquidity to the syrup pools.

6. NFT Marketplace – PancakeSwap has an NFT marketplace where users can buy, sell and trade unique digital assets. The collections from PancakeSwap, Bunnies and Squadies – both designed by artist Cecy Meade – are some of the most popular NFTs by volume and transactions on the BNB Chain.

7. Token Entry – PancakeSwap allows projects to list their tokens on the DEX and access the huge community of users.

8. IFO: Initial farm offer – Allows users to purchase new tokens launched on the BNB Chain and participate in opportunities to earn returns. IFOs can take the form of public or private sales, which give projects different forms of adaptation.

9. Bug Bounty – PancakeSwap has an ongoing bug bounty to help root out vulnerabilities and issues in the protocol. Along with ImmuneFi, PancakeSwap offers up to $1 million for critical failures.

10. Lottery – CAKE holders can purchase tickets for a chance to win big! Winners of the lottery receive a predetermined amount of CAKE as a reward.

What is PancakeSwap:

PancakeSwap is a decentralized exchange (DEX) built on the BNB Chain. It offers users various features like Liquidity Pools (LPs), Swapping, Yield Farming, Syrup Pools, a Automated Market MakerInitial Farm Offerings (IFOs), a NFT profile system and other tools.

In addition, the protocol helps users make the most of 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 BNB Chain.