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PancakeSwapPancakeSwapby0x576e3016f20c5218886d0B74CB71a41b5A15351C0x576e…351C

50% of the funds raised in IFO (in $ CAKE) will be allocated for their token liquidity ($CAKE - $IFO LP)

Voting ended about 5 years agoSucceeded

as we know 50% of funds raised in IFO will be burned "in $CAKE", of course this has a good impact to our community, but will this have a good impact on the newly launched projects on PancakeSwap IFO? NO, it hurts IFO projects, Why? because $CAKE burned has no impact on their project

Therefore, I propose a new option which hopefully will benefit both parties and increase the interest of new potential projects to launch their IFO on PancakeSwap.

This is my proposal: 50% of funds raised in IFO "in $ CAKE", will be available in liquidity of $CAKE - $IFO (a IFO project token) trading pair.

  • In this option, projects that want to launch IFO are required to provide a number of their project tokens to be placed in liquidity later, and it will pair with $CAKE (worth of 50% of the funds raised in their IFO).
  • the $CAKE - $IFO LP must be burned to ensure that it will always be available, and no one can access it

This option has several advantages and disadvantages for our community, that is

Advantages:

  1. attracted more interest from projects to launch their IFO
  2. promotes $ CAKE to become a major pair in trading liquidity especially for IFO projects
  3. good impact if $CAKE - $IFO liquidity providers grow (example, if IFO projects create rewards events for $CAKE - $IFO (a project token) liquidity providers (LP's).

*. 50% of the funds raised in IFO "in $CAKE" will still reduce the $CAKE circulating supply, because $CAKE - $IFO LP will be burned (however the $CAKE amount locked in LP can change any time, depending on the situation of the $ CAKE - $ IFO trading pair

A disadvantage:

  1. amount of $CAKE locked in burned $CAKE - $IFO LP (from 50% of funds raised in IFO) can fall if dumped in $IFO token price (in $CAKE trading pair), and that amount of $CAKE will return to circulating supply, so the team must be more selective in allowing projects that will launch IFO

Off-Chain Vote

YES.!
16.71K 100%
NO.!
0 0%
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Timeline

Mar 28, 2021Proposal created
Mar 28, 2021Proposal vote started
Apr 05, 2021Proposal vote ended
Oct 26, 2023Proposal updated