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Singapore, Singapore, 18th September 2024, Chainwire

TL;DR PancakeSwap launches its first prediction bot on Telegram to predict BNB prices. The celebration campaign includes a drawing for $4,444 in rewards on September 22. The bot allows predictions to be made every 5 minutes with a minimum stake of 0.001 BNB.

Interest in prediction markets has been growing since the beginning of 2024 in the run-up to the US presidential election.

Amid the broader volatility, the DeFi tokens are making news with a potential breakout rally ahead. With the Uniswap team under pressure from the CFTC team and the fine of $175,000, PancakeSwap takes an interest in smart money.

This reduced its total supply by 9,171,676 CAKE tokens, equivalent to a staggering $15 million. Token burns like these are a critical part of PancakeSwap's tokenomics, helping to manage the supply of CAKE.

PancakeSwap has seen the price of its native token rise slightly after the multi-chain decentralized exchange announced it had burned more than 9 million of the tokens. The price of PancakeSwap (CAKE) rose by about 2.3% following the announcement.

The history of the decentralized exchange PancakeSwap

This burn event represents a substantial reduction in the circulating supply of CAKE. It is expected to have a positive impact on the token's value over time by decreasing supply.

TL;DR PancakeSwap has launched the beta version of its Quest platform, designed to simplify interaction with quests in the DeFi ecosystem. Quest unifies the management of its campaigns and those of its partners, addressing fragmentation in the DeFi ecosystem.

PancakeSwap announces a major airdrop of 2.4 million ZKsync tokens to reward its community.

PancakeSwap has so far burned more than 78 percent of the total CAKE supply to date, thus significantly increasing the value of the existing coins.

PancakeSwap, a leading decentralized finance (DeFi) network, made a bullish move to boost the project's growth. The platform has confirmed a massive token burn, destroying 8,820,499 CAKE coins (worth about $17 million) to reduce the asset's supply.

PancakeSwap has launched an airdrop campaign that started at 10:30 AM UTC on July 5 and will end at 10:30 AM UTC on August 5.

PancakeSwap announced it will distribute ZK tokens to the community through a reward program. The firm confirmed this in an official blog post.

PancakeSwap's unclaimed ZK tokens will be reallocated to its ecosystem for future development and other community initiatives.

Participants are now able to take advantage of a new community reward program from leading multichain decentralized exchange PancakeSwap, which started July 5 at 10:30 a.m. UTC.

Decentralized crypto exchange PancakeSwap (CRYPTO: CAKE) on Friday revealed plans to distribute 2,452,128 ZK tokens to its community through an airdrop. The announcement comes as the platform celebrates milestones on the ZKsync network (CRYPTO: ZK).

TL;DR PancakeSwap will conduct an airdrop of 2,452,128 zkSync (ZK) tokens from July 5 to August 5, 2024, as a token of appreciation to its community for their continuous support. The DEX has surpassed $3.6 billion in trading volume, reached $5.8 million in TVL, and registered over 1.9 million active traders in the past year.

Decentralized exchange (DEX) protocol PancakeSwap is airdropping a massive 2.4 million ZKSync (ZK) tokens to its users, according to an announcement on Friday.

The airdrop initiative is part of PancakeSwap's broader strategy to enhance user engagement and strengthen its position in the DeFi space.

PancakeSwap, a major decentralized exchange, has unveiled plans to distribute over 2.4 million zkSync (ZK) tokens to its community. This significant airdrop comes at a sensitive time for the zkSync ecosystem, coinciding with recent allegations against Matter Labs, zkSync's developer.

This initiative aims to bolster engagement on zkSync PancakeSwap by airdropping 2,452,128 zkSync (ZK) tokens to its community. This move comes in recognition of the community's steadfast support for zkSync PancakeSwap since its deployment in July 2023.

PancakeSwap will airdrop 2.4 million ZK tokens to reward its community and boost zkSync PancakeSwap engagement.

PancakeSwap has launched a new prediction market on Arbitrum in collaboration with Allora, an AI and ML firm.