MEXC will list Pancake Games (GCAKE) in the Innovation Zone and open trading for the GCAKE/USDT trading pair. The specific timeline is as shown below:
- Deposit & Withdrawal: Opened
- GCAKE/USDT Trading: 2022-01-06 08:00 (UTC)
*Note: The price may move greatly for projects in the Innovation Zone, please be cautious of the risks.
To give thanks to the Pancake Games community, MEXC will launch the "MX DeFi'' Session to enable mining on GCAKE tokens from January 5th to January 7th. Throughout the campaign, users can stake MX and GCAKE to earn liquidity yield on GCAKE. The staking period will last 3 days. Details are as follows:
- Campaign start time: 2022-01-05 02:00 (UTC)
- Staking period: 2022-01-05 02:00 - 2022-01-07 16:00 (UTC)
The total yield pool includes 3,500,000,000 GCAKE tokens. Hard cap and allocation details to each staking crypto asset are as follows:
MX: no hard cap; a total of 2,800,000,000 GCAKE liquidity yield (80% of the yield pool)
GCAKE: no hard cap; a total of 700,000,000 GCAKE liquidity yield (20% of the yield pool)
Ways to participate:
a). Through MEXC.com: Login into MEXC.com > select “Finance” > “MX DeFi” > find “Stake to mine GCAKE” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine GCAKE” to join
Liquidity yield calculation (daily):
User’s daily yield amount = (User’s staking value / total staking value) * Yield supply of the day
For example: Suppose user A stakes 10,000 MX to earn GCAKE, the yield supply of T day is 933,333,333 GCAKE for MX pool, and the total staking value of T day (snapshot taking on T+1 day) is 500,000 MX, then, User A can earn a yield of:
(10,000 / 500,000) * 933,333,333 GCAKE = 18,666,666 GCAKE
- Minimum Entry Requirement: 10 MX and 1,111,111 GCAKE respectively;
- If a user joins staking on day T, he/she can unlock the staking token on day T+1;
- The yield is calculated daily and will be distributed to the user's account on the next day.
(This information is provided by the project team. Strictly for references only.)
Project Name: Pancake Games (GCAKE)
Total Supply: 10,000,000,000,000
Official Website: https://pancakegames.finance/
Block Explorer (BEP-20/ERC-20):
Project Brief Introduction:
Pancake Games is a new NFT gaming platform community token that connects various NFT projects and PancakeGames holders with a variety of content.
Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. MEXC Exchange will make best efforts to choose high-quality tokens, but will not be responsible for your investment losses. As a digital asset trading platform that respects the community, MEXC adheres to the principle of truthful, transparent and fair trading, with no malicious intent. We are committed to providing users with a service that is safer, more efficient, and more reliable for the trading of digital assets.
Find us on:
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Enjoy trading on MEXC.
The MEXC Team
4 January 2022