CAKE holders, today we are happy to be able to offer you a new Syrup Pool from Chromia. Chromia is a Layer-1 and Layer-2 relational blockchain that aims to solve the scalability problem for dApps. A relational blockchain is a combination of a relational database and blockchain platform.
Boost is basically an increase in farm multiplier over a set period of time, which is offered in exchange for additional tokens from the boosted project, which are then put into a new Syrup Pool!
So basically, the CHR-BUSD farm will go to a 1x multiple for 48 hours, then 0.5x thereafter. Please note that the farm is subject to multiplier adjustments during or after the boosted period if it underperforms its peers via metrics like average daily volume, 14-day volume, unique token holders on BNB Chain, fundamental token issues, etc.
At the same time, there will be a delicious, new CHR Syrup Pool with 1,365,000 CHR tokens to be earned by staking CAKE. Get your CAKE ready!
Stake CAKE tokens to earn CHR tokens!
100 CAKE for the first 57,600 blocks (approx. 48 hours) after the Syrup Pool is launched, then unlimited CAKE staking after that.
The cap is to give everyone an equal opportunity to farm rewards at a high APY at the start of the farm.
From the team: “CHR is the native token of Chromia's ecosystem. The main use cases of CHR are as follows:
Chromia boasts a rapidly growing ecosystem which spans various sectors including gaming, NFTs, DeFi, supply chain and tokenization of real estate.”
Follow this guide to staking in Syrup Pools:
https://docs.pancakeswap.finance/products/syrup-pool/syrup-pool-guide
The official CHR token contract address on Binance Smart Chain is:
https://bscscan.com/token/0xf9CeC8d50f6c8ad3Fb6dcCEC577e05aA32B224FE
Any other CHR token will be a scam and will result in a financial loss. Always verify the token address before purchasing tokens. If you receive a CHR token airdrop from another address, it’s probably a scam and we advise you to ignore them.