PancakeSwap launchpad is a part of the PancakeSwap ecosystem and stands as a fundraising platform for promising crypto startups launching on the BNB Smart Chain. The company introduced the term Initial Farm Offering (IFO) as a form of ICO (Token Sales). PancakeSwap token (CAKE) is used for staking and voting. Cake token has a $260M market cap, and you can find PancakeSwap tokenomics here. The most successful projects launched by PancakeSwap IDO are Mines of Dalarnia, Santos FC Fan Token, and FC Porto.
PancakeSwap Overview
PancakeSwap - About
Let’s answer the question, “What is PancakeSwap?”
PancakeSwap is a popular multichain decentralized exchange operating on the BNB Smart Chain (BSC), Ethereum, and Aptos Network. According to their website, it has 963,758 total users, and the total trading volume for the last 30 days is $13,356,295.
For 3 years of existence, the company widely expanded its services. Aside from the launchpad, PancakeSwap offers:
- Seamless trading experience, that includes opportunities to swap, fund liquidity pools, perpetual trading, and bridge.
- Different possibilities to earn crypto: farming, staking, and liquid staking.
- GameFi and NFT experience include prediction, lottery, pottery, and NFT marketplace.
PancakeSwap has grown a loyal community base with 1.7M followers on their Twitter account and 15 regional groups on Telegram.
The PancakeSwap team is absolutely anonymous, and each pseudonym has the word Chef + some sort of pastry, playing with the kitchen theme even in the names. For example, the company’s product manager is called Chef Bun, and recently, his interview came out on the PancakeSwap blog.
Users must commit PancakeSwap coin to participate in IFO. The number of CAKE tokens a person may commit is restricted by the quantity of iCAKE they have. iCAKE is a numerical statistic utilized inside the PancakeSwap ecosystem, setting the maximum CAKE token commit limit. In addition to the Public Sale, PancakeSwap provides
- Private Sales to qualified participants. Participants can commit CAKE up to the maximum commit limit without paying a participation fee.
- PancakeSwap employs the "Overflow" sale technique in some IFOs, where customers can subscribe to the IFO for any amount they choose. When the sale finishes, tokens are allocated depending on the percentage of funds they provide compared to all funds supplied by users. Users receive any remaining CAKE tokens.
If you’d like to add your venture on PancakeSwap IFO for a BNB Chain, fill out the form here. For other chains, please consult this one-pager.
PancakeSwap Team
