- PancakeSwap, the main Binance Good Chain DEX, is releasing its personal cryptocurrency recreation, Pancake Protectors.
- Pancake safety permits gamers to make use of CAKE and earn rewards whereas enjoying.
- After the announcement, the worth of CAKE rose greater than 16%.
PancakeSwap, the main decentralized trade on Binance Good Chain (BSC), has taken a groundbreaking step by releasing its personal cryptocurrency recreation, Pancake Protectors. After the profitable launch of the primary DEX-supported GameFi platform, the worth of CAKE elevated.
Might 29 PancakeSwap has launched Pancake Protectors, integrating the trade’s native token CAKE into gameplay. In accordance with the official weblog, integrating their token into the sport permits gamers to make use of CAKE and earn rewards whereas enjoying.
Following the PancakeSwap GameFi platform announcement, the worth of CAKE shortly rose inside hours. The token surged greater than 16%, rising from $1.55 to a 24-hour excessive of $1.80, in line with CoinMarketCap. Nevertheless, CAKE has seen a slight pullback and is presently buying and selling at $1.73.
This launch marks a turning level for CAKE because it renews optimism after months of losses. It must be famous that in the course of the cryptocurrency winter, CAKE skilled a major influence – 2021. it skilled a staggering drop of greater than 96% from its all-time excessive of $44.18 in April.
Pancake Protectors combines gameplay developed by MOland Protection and gaming expertise supported by the PvP GameFi protocol, Mobox. It falls below the tower protection (TD) subgenre of technique video games the place gamers strategically place defensive buildings on assigned maps to guard territories and holdings.
Whereas some have categorized Pancake Protectors as a game-to-earn (P2E) recreation, the pseudonymous head chef of PancakeSwap, often called Mochi on Twitter, clarifies that this recreation doesn’t persist with the sport to earn the mannequin. Mochi says, “Our bigger aim of reaching ultra-sonic CAKE means we do not use inflationary fashions that inflate CAKE emissions to drive recreation progress.
Earlier than the official launch on the community, PancakeSwap on Might 19. launched a beta model of Pancake Protectors. This allowed gamers to familiarize themselves with the sport’s mechanics and options in preparation for its extremely anticipated debut.
