PancakeSwap Welcomes τBTC to Syrup Pool!
CAKE holders, today we are excited to be able to offer you a new Syrup Pool from Bitcoin Standard Hashrate Token (BTCST), a native Binance Smart Chain project that brings exchange-grade liquidity to Bitcoin mining. Each BTCST is collateralized by real Bitcoin mining power!
The Syrup Pool:
Stake CAKE tokens to earn τBTC tokens!
Total Tokens: 10.5 τBTC
Distribution duration: 60 days
Start block: 6781600 (approx. 6am UTC on April 22nd)
Finish block: 8509600 (approx. 6am UTC on June 21st)
Token rewards per block: 0.00000608 τBTC
The Farm:
In order to host the τBTC Syrup Pool, we will need to provide a τBTC-BTCB farm that will have 2x CAKE rewards for the first 48 hours and then 1x CAKE rewards after that.
The Vote:
As usual, it needs to be approved via a vote.
Why do we need a vote? Since it dilutes future rewards, the chefs want BSC’s greatest community to make the decision themselves.
What is τBitcoin (τBTC)?
τBTC is a synthetic Bitcoin that BTCST stakers can mine. The price of τBitcoin is pegged 1:1 to that of Bitcoin in accordance with the price pegging mechanism of the Tau Protocol.
Backed by institutional miners representing 12% of Bitcoin’s global hashrate, τBitcoin will be a synthetic Bitcoin uniquely suitable for DeFi use cases. For example, τBitcoin is already included as a planned reserved currency for the SORA Network XOR token bonding curve.
To learn more about τBTC and BTCST, the chefs advise you to visit their official communication channels:
Website: https://www.btcst.finance/
Twitter: https://twitter.com/btcst2020
Telegram: https://t.me/BTCST_Community_EN
Medium: https://btcst.medium.com/
τBTC Launch Guide: https://btcst.medium.com/%CF%84bitcoin-launch-guide-1-faqs-b33bd63f8a09
How do you stake CAKE to earn τBTC 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 τBTC Syrup Pool
- Click on the stake button.
- Confirm the transaction.
BEP20 τBTC will also be circulating and transferable on BSC when we start the Syrup pool, so you will be able to harvest your τBTC tokens and trade on PancakeSwap at any time!
BEWARE OF FOOD POISONING! ⚠️⚠️⚠️💀
The official τBTC token contract address on Binance Smart Chain is:
https://bscscan.com/address/0x2cd1075682b0fccaadd0ca629e138e64015ba11c
Any other τBTC 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 τBTC tokens, they will be rotten tokens (but not the cool kind!), and we advise you to ignore them.
Chef Hops 🐰
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