PancakeSwap launches CAKE.PAD, allowing participation in TGE without the need to stake.

The decentralized exchange PancakeSwap announced the launch of CAKE.PAD, a brand new early token access platform, which is an upgrade and rebranding of the previous TGE. Users only need to hold CAKE tokens without the need to stake, aiming to simplify the participation process and enhance the utility and deflationary mechanism of CAKE tokens.

The new TGE platform CAKE.PAD will be launched.

PancakeSwap is a decentralized exchange (DEX) running on the BNB Chain. BNB Chain is a blockchain initiated and supported by Binance. PancakeSwap is one of the most well-known DEX in its ecosystem and has successfully attracted a large number of users to participate in the Token Generation Event (TGE) in collaboration with Binance Launchpad.

After successfully holding the TGE event with the Binance wallet, PancakeSwap announced the launch of CAKE.PAD, which is an upgrade and rebranding of the original TGE. Any user with a non-custodial wallet holding CAKE can easily participate in the token early experience event. No staking is required, and there are no lock-up restrictions. As long as you hold CAKE, you can experience the new tokens of the project early.

The official promises a CAKE deflationary model, with CAKE rising by 50% in 7 days.

All CAKE fees collected through CAKE.PAD will be permanently destroyed. This deflationary model reduces the total supply and supports the long-term value of CAKE holders. Users can also participate in multiple activities at the same time, with no limit on the amount of CAKE they can contribute.

However, when demand exceeds supply, a grading system will be implemented to achieve a better balance between participation and demand, but the official details of the grading balance method have not been announced.

Currently, the official new event has not yet launched, but since the event relies entirely on participation from its token CAKE, CAKE has risen by more than fifty percent in the past 7 days.

This article discusses PancakeSwap launching CAKE.PAD, allowing participation in TGE without the need to stake, first appearing in Chain News ABMedia.