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PancakeSwapPancakeSwapby0x42ba001719Ce41Fd28249073a7fb55630B5f91850x42ba…9185

New Cake NFT token - Used To Buy NFT

Voting ended about 3 years agoSucceeded

How it works there will be X amount of Cake NFT tokens and you must stake cake to earn these tokens. The tokens are then used to purchase/bid for new pancakeswap NFT and are recycled back to stakers.

The tokens are tradeable and price is determined by the community. If you choose to sell/buy the token there will be a 5% tax so keeping/farming your own is encouraged.

Benefitting Cake

  1. Less people will be staking in normal pools/farms = higher APY
  2. A new cake nft token can give you another source of income that could be better than current farms.
  3. Cake will have higher demand

Note: figures can be changed, but its just an example of a system that i think will benefit cake.

Off-Chain Vote

Yes - support
67.27K 39.4%
No - don't support
103.58K 60.6%
Download mobile app to vote

Timeline

Sep 17, 2021Proposal created
Sep 17, 2021Proposal vote started
Dec 31, 2022Proposal vote ended
Oct 26, 2023Proposal updated