PancakeSwap Launches Syrup Pool on Aptos

PancakeSwap has another incentive to move users over to Aptos with its latest development. PancakeSwap continues its stay in Aptos by adding Cake Syrup Pool to its offerings on the new network. It’s the latest move since Farms released the PancakeSwap domino effect at Aptos. The latest product offering on Aptos from the BNB chain’s largest decentralized exchange (DEX) — announced on December 20th via a Medium post by Chef Berryz — brings the versatile CAKE utility to the Aptos network. Syrup Pool lets users deposit cakes and start earning. The first token in the Syrup pool to earn will be stAPT, which will be secured through Ditto Finance. Aptos Network CAKE is a great place for passive income. The PancakeSwap team requires users to connect Cake to the new network, so the token price remains the same. Taking full advantage of the first move game, PancakeSwap has quickly and thoroughly become the top DEX on Aptos. According to DeFillama, PancakeSwap currently has $23.56 million in total volume locked up through Aptos. Aptos is dominated by 45% of the DEX, while the BNB chain is dominated by 53%. PancakeSwap is a decentralized exchange (DEX) built on the BNB chain. It provides users with Liquidity Pool, Swapping, Yield Farming, Syrup Pool, Automated Market Maker, Initial Form Offering (IFO), NFT Profile System and many more. Furthermore, the protocol helps users make the most of their crypto assets by trading, earning through yield farming, and winning through lotteries, prediction, and NFT collectibles. Pancakeswap is the leading DEX on the BNB chain, with the highest trading volume in the market. website | Twitter , Medium | github While crypto influencers have the power to positively shape the market, the prevalence of manipulation and scam promotion must be addressed. The rapid rise of cryptocurrencies has given rise to a new breed of influencers who have a significant impact on the market. These crypto influencers, with their large communities and wide reach, have the power to shape trends, manipulate prices and, unfortunately, promote scams. While not all influential people engage in such practices, the prevalence of manipulation and scam promotion within the crypto sector demands closer scrutiny of the issue. Crypto influencers, who are often active on social media platforms and YouTube channels, have amassed a huge following due to their expertise, engaging content and ability to deliver privileged information. Their opinion can be quite important, as their followers often rely on them to provide valuable insight. As a result, when these influencers support or criticize a particular cryptocurrency, their followers are likely to act, causing significant market movements. Crypto influencers can use their influence to manipulate prices in a number of ways. A common tactic is “pump and dump”, where influencers promote a specific cryptocurrency in order to artificially inflate its price. By creating hype and encouraging their followers to invest, they create a buying frenzy that drives the price up. Once the price reaches the desired level, influential people sell their holdings, causing the price to drop. This practice allows them to profit at the expense of their unbelieving followers. Another manipulation technique involves spreading false information or rumors about certain cryptocurrencies. Influencers may use their platforms to disseminate exaggerated or fabricated claims, creating fear, uncertainty and doubt (FUD) in the marketplace. This leads to panic selling, which leads to a drop in prices. Subsequently, influential people can take advantage of the situation by buying cryptocurrencies at low prices. Unfortunately, some crypto influencers take advantage of their large communities to scam their followers by duping them for personal gain. They may promote fraudulent presales, Ponzi schemes, NFT collectibles, or worthless meme tokens while portraying them as attractive investment opportunities. Through their positions of influence, these individuals can persuade unsuspecting investors to participate in fraudulent schemes, which can result in substantial financial loss to those involved. These influencers often profit from referral programs, receiving a commission for each person they bring into the scam. As a result, their motivations are driven not only by rigging prices, but also by profiting from the scams themselves. Such practices erode trust within the cryptocurrency community and tarnish the reputation of the industry. Regulating the activities of crypto influencers is a challenging task. The decentralized nature of cryptocurrencies, combined with the global reach of social media, makes monitoring difficult to establish. Nevertheless, several initiatives can be explored to effectively deal with manipulation and promotion of scams. Crypto influencers have immense power to shape the market and influence public sentiment.