It’s LIT! PancakeSwap Welcomes Litentry to Syrup Pool!
CAKE holders, today we are super happy to be able to offer you a new Syrup Pool from Litentry, a Decentralized Cross-Chain Identity Aggregator Built on Substrate.
The Syrup Pool:
Stake CAKE tokens, to earn LIT tokens!
Total Tokens: 400,000 LIT
Distribution duration: 60 days
Start block: 4580530 (Feb 4th 3PM SGT)
Finish block: 6308530 (April 5th 3PM SGT)
Token rewards per block: 0.231 LIT
In order to host the LIT Syrup Pool, we will need to provide a LIT-BNB farm that will have 2x CAKE rewards for the first 48 hours and then 1x CAKE rewards after that.
As usual, it needs to be approved via a vote.
Why do we need a vote? Since it dilutes rewards, the chefs want BSC’s greatest community to make the decision themselves.
What is Litentry?
Litentry is a network that supports DID aggregation protocol and a decentralized mobile application.
Litentry Network is built on top of the Substrate framework with the objective of enabling DID aggregation, verification, and credit calculation. It aims to simplify the process of resolving agnostic DID mechanisms by integrating DID standards into a modularized identity service.
The Litentry mobile application serves as a secure vehicle for users to collect their decentralized identities and manage them in one place. LIT token holders are also able to participate in on-chain governance in an efficient and secure manner.
To learn more about Litentry, the chefs advise you to visit their official communication channels:
Telegram (English): https://t.me/Litentry
How do you stake CAKE to earn LIT rewards?
If you own CAKE tokens, congratulations! You’re the master of your … pancakes.
Time to step up your taste buds by learning how to stake CAKE with Syrup Pool.
- Visit this webpage: https://pancakeswap.finance/syrup
- Click “Approve CAKE” on the LIT Syrup Pool
- Click on the stake button.
- Confirm the transaction.
BEP20 LIT will also be circulating and transferable on BSC when we start the Syrup pool, so you will be able to harvest your LIT tokens and trade on PancakeSwap at any time!
BEWARE OF FOOD POISONING! ⚠️⚠️⚠️💀
The official LIT token contract address on Binance Smart Chain is:
Any other LIT token will be a scam and will result in a financial loss for users. Do not buy tokens from any other token address. Always verify the token address before purchasing tokens. If you receive airdrops from another address for LIT tokens, they will be rotten tokens (but not the cool kind!), and we advise you to ignore them.