Dear CAKE holders, we’re proud to announce a new Farm with Hooked Protocol!
Hooked Protocol provides Learn & Earn products on Web3 and is backed by Binance and Sequoia Capital. Its first pilot product, Wild Cash, with Quiz-to-Earn experience and other gamified learning features, achieved a strong growth of over 2 million monthly active users.
Stake HOOK-CAKE LP to earn CAKE tokens!
In conjunction with the HOOK-CAKE farm, Hooked Protocol will be providing $1M ($500K worth of HOOK and $500K worth of CAKE) worth of liquidity.
CAKE earned can then be staked to earn rewards in syrup pools, invested into liquidity pools and cake pair farms for more rewards. Talk about stackin ‘em!
Additionally, with more CAKE, you will gain more voting power during governance voting.
For those of you who want to spend your CAKE, CAKE can be used to buy non-fungible tokens(NFTs) and lottery tickets. You can also use CAKE to buy newly launched tokens in IFOs.
The farm will have 0.1x CAKE rewards for the 10 days. At the end of the 10-day period – approx. 10 days after Binance enables withdrawal – the farm will be re-adjusted to a 0x multiplier unless the following metrics is comparable with other 0.1x multiplier farms: average daily volume, 14-day volume, unique token holders on BNB Chain, and there are no fundamental token issues or concerns related to users’ safety and security.
From the team: “The use cases of HOOK are as follows:
The official $HOOK token contract address on BNB Chain is:
https://bscscan.com/token/0xa260E12d2B924cb899AE80BB58123ac3fEE1E2F0
Any other HOOK token will be a scam. Always verify the token address before buying tokens. If you receive a HOOK token airdrop from another address, it’s probably a scam, and we advise you to ignore it.