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Eigenpie
IFO on Pancakeswap

Past 24 Sep, 24 - 25 Sep, 24 PancakeSwap

Eigenpie is an LRT protocol on EigenLayer and part of the Magpie ecosystem. It offers users a more security-focused, isolated restaking approach by creating separate asset buckets for each LST or ETH token. This mitigates the risk of a depeg event in one asset affecting the performance of an LRT token tethered to another LST.

The platform is powered by the native $EGP token, primarily used for governance within the Eigenpie DAO.

Recently, the project set an IFO round on PancakeSwap for September 24, 2024,  allocating 100,000 $EGP for sale.

CoinLaunch Score: Last update:
Low 24 Sep, 24

Eigenpie - IFO on Pancakeswap  Overview

start date: 24 Sep, 24
end date: 25 Sep, 24
price: $0.6
Raise: $60K
Min. Buy: N/A
Max. Buy: N/A
tokens for sale: 100K
Industry: Blockchain Service
Total Token Issued: 1%
Lock-up:

Linear vesting over 18 months

Launchpad PancakeSwap LogoPancakeSwap

Eigenpie - IFO on Pancakeswap  Round Result

Raise: $60K
Round FDV: $6M
Total Raise: $1.35M
Tokenomics FDV: $6M
Round Weight:
4.44%
Current FDV:
$257.38K 95.71%

Eigenpie - IFO on Pancakeswap  Current Token Data

Round Price: $0.6 (25 Sep, 24)
Market Cap:
$150.97K
Current Price: $0.025738 (04 Oct)
Current Round ROI: 0.0429x 95.71%
ATH Round ROI: 16.13x 1,513.33%
ATH ROI: 0.968x 3.20%
ATH Price: $9.68 (26 Sep, 24)
From ATH: 99.73%
ATL Price: $0.024485 (16 Sep)
From ATL: 5.12%
Average Listing Price
(24h, close-based):
$6.199502  (25 Sep, 24)
From Current Price: 99.58%
Average Round ROI on Listing: 10.33x
More about Eigenpie

How to join  Eigenpie - IFO on Pancakeswap?

To participate in the $EGP IFO round on PancakeSwap, you need to acquire $CAKE tokens on the Arbitrum blockchain and visit the IFO page on PancakeSwap. There, you have the option to join either the Basic pool or the $veCAKE holders pool, each allocated 30,000 $EGP tokens.

  • Basic Pool

To join this pool, you need to contribute a limited amount of $CAKE tokens to a specific LP on PancakeSwap to receive a proportional share of $EGP tokens. Although the pool has a hard cap, it can still be oversubscribed by other users.

In such cases, you will receive an allocation proportional to your staking share in the pool, and your $CAKE will be automatically converted into $EGP tokens after a 1.5% participation fee, with any unspent $CAKE refunded.

  • $veCAKE Pool

If you are a holder of $veCAKE tokens, you can deposit an unlimited amount of $CAKE, regardless of the hard cap. In this pool, $veCAKE token holders can deposit up to twice the amount of $veCAKE they hold in their wallet.

For example, if a user holds 1,000 $veCAKE, they can deposit up to 2,000 $CAKE tokens. As in the Basic Pool, your token allocation will be determined by the amount of $CAKE deposited, with unspent tokens refunded after a 1% participation fee.

❗️ Please note that $veCAKE exists only on the BNB Chain and is not bridgeable to the Arbitrum network. To confirm your $veCAKE balance, simply connect the wallet where you hold $veCAKE to the IFO page on the Arbitrum network and use that wallet to participate in the IFO.

 

Learn more about the IFO on PancakeSwap here.

Step-by-step Guide

  • Acquire some $CAKE tokens on the Arbitrum chain in your wallet; 

  • Go to the $EGP IFO page;

  • Participate in the Basic IFO pool;

  • If you hold $veCAKE, participate in the $veCAKE pool;

  • Receive your tokens and refunds once the IFO ends.

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