In early April, PancakeSwap will launch version 3!
Version 3 (V3) will only be available on the popular blockchain BNB Smart Chain (BSC).
The upgrade adds lots of features, like competitive trading fees, improved liquidity provisioning, trading incentives, and yield-farming tools.
To celebrate this new version, PancakeSwap is organizing an airdrop that offers $135K USD in CAKE and exclusive PancakeSwap V3 NFTs. The airdrop aims to reward the early supporters of PancakeSwap’s Version 3! The Early Supporter campaign started on 5 March at 13.00 UTC, and it will last until 3 April at 12.00 UTC.
In this campaign period, users are required to stake their tokens – a minimum of $500 USD liquidity staked in BUSD/WBNB, USDT/WBNB, BTCB/WBNB, or ETH/WBNB liquidity pools on PancakeSwap’s Masterchef v2 before 5 March at 13:00 UTC. When they maintain it till 3 April, they are eligible for a share of $105K USD worth of CAKE airdrop.
Those who remove their liquidity from the selected pools before the campaign runs out are disqualified from the campaign – and ineligible for the tokens or airdrop rewards.
The airdrop amount will be decided by the following tiers:
The team of PancakeSwap will take a snapshot on 5 March to determine the value of liquidity and share the airdrops. Learn more about this exciting announcement and how to key in here.
Launched in September 2020, PancakeSwap is a decentralized exchange created on the BNB Chain previously Binance Smart Chain (BSC).
It allows its users to swap BEP-20 standard tokens. With PancakeSwap, users can trade tokens while also taking advantage of opportunities to profit from the liquidity pools and staking.
In 2021, the protocol was the hugest automated market maker (AMM) on the BSC network, boasting over $3.76 billion USD in staked assets.