PancakeSwap Launches Its Own Play-to-Earn Game - Pancake Protectors

PancakeSwap Launches Its Own Play-to-Earn Game – Pancake Protectors

Updated: 30 May 2023

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PancakeSwap (CAKE), a decentralized cryptocurrency exchange and yield farming machine, has shared the details of its new play-to-earn game.

PancakeSwap (CAKE) Launches its Play-to-Earn Game: Pancake Protectors

The exchange has become the first DEX to launch its play-to-earn game – Pancake Protectors, on the mainnet. The official statement by the PancakeSwap (CAKE) team invites all decentralized video gaming enthusiasts to participate in exciting gameplay with fictional characters, engage in PvP battles for towers, and take part in tournaments, among other activities.

? The official launch of Pancake Protectors has arrived! ? Unite your heroes, protect your territories, and claim victory! ?
? Immerse yourself in the captivating world of tower defense gameplay now: https://t.co/gq5947psCe

? Holders of PancakeSwap Bunnies & Squads gain… pic.twitter.com/D0hAwPcWQB

— PancakeSwap?Ev3ryone’s Favourite D3X (@PancakeSwap) May 29, 2023

By participating in these games, players can earn unique NFTs and rewards in the native token CAKE. The game’s tech design utilizes the PvP GameFi protocol Mobox, offering features to players enhanced by CAKE Heroes. Additionally, the game incorporates unique NFTs called Pancake Bunnies and Squads, which provide abilities to enhance gameplay further.

The game allows players to integrate their own BAYC, MAYC, or other NFTs as avatar images to customize their profiles. Currently, the game is available in beta mainnet mode. The top participants in the Arena (Competitive Ranking Board) or the Hero Chart (Consumption Ranking Board) can share an additional prize pool of 10,000 CAKE.

CAKE Token Witnesses Impressive 20% Surge After Pancake Protectors Launch

PancakeSwap’s token, CAKE, experienced a significant rally of over 20% following the launch of Pancake Protectors. This launch introduced a play-to-earn mechanism for users, allowing them to participate in lotteries, lucky draws, and similar activities to claim rewards.

During the early morning hours, the token’s value surged from $1.54 to over $1.8 on major spot trading platforms. The news regarding the Pancake Protectors launch played a crucial role in helping CAKE recover from its previous week’s losses.

There is speculation of a potential rebound for the cryptocurrency, with a projected level of $1.5 indicating a promising recovery nearing the end of the month. At the time of writing, the price stands at $1.76, reflecting an overnight gain of 12.7%. Bullish traders consider the $1.5 level to be an essential defense zone.

Presently, bullish investors are cautiously attempting to overcome the immediate hurdle and drive the price toward the $2.0 resistance level. It is encouraging to see that the trading volume has substantially increased by nearly 10% in the past 24 hours, reaching $73 million.

CAKE Solidifying Position as Best Crypto to Buy in the DeFi Space

PancakeSwap (CAKE) has solidified its position as the best crypto to buy on Binance Smart Chain (BSC) in the decentralized finance (DeFi) space, thanks to significant developments and impressive statistics.

One significant development is the introduction of PancakeSwap V2, which has improved the platform in several ways. The upgrade has enhanced the user interface, expanded trading features, and introduced a new farming mechanism called “Flip.” Users can stake CAKE tokens and earn additional tokens through the Flip feature. The introduction of V2 has generated excitement within the PancakeSwap community, attracting new users and increasing overall liquidity.

Moreover, PancakeSwap has actively expanded its ecosystem by forming partnerships and collaborations. It has integrated with various projects and protocols, enabling seamless interoperability and offering users a wide range of assets to trade. These partnerships have bolstered PancakeSwap’s credibility and popularity, attracting retail and institutional investors.