PancakeSwap Welcomes Automata Network to Syrup Pool!
CAKE holders, today we are super excited to be able to offer you an extra sweet Syrup Pool from Automata Network, a decentralized service protocol that provides a privacy middleware layer for dApps.
The Syrup Pool:
Stake CAKE tokens to earn ATA tokens!
Total Tokens: 3,000,000 ATA
Distribution duration: 60 days
Start Time: Approx. 7am UTC on June 7th)
Finish Time: Approx. 7am UTC on August 6th)
Token rewards per block: 1.7361 ATA
Max Stake per wallet:
100 CAKE for the first 48 hours, then unlimited CAKE staking.
To give as many CAKE holders the opportunity to Farm some juicy pool rewards at a high APY, we will have a 100 CAKE token cap staking limit per user for the first 48 hours.
The Farm:
In order to host the ATA Syrup Pool, we will provide an ATA-BNB farm with 2x CAKE rewards for the first 48 hours and then 1x CAKE rewards after that.
The Vote:
Usually, there would be a vote, but as you may have noticed, there are currently issues with the nodes we have been using to support voting. As such, we hope that you will trust us on this one, and rest assured we are working to get the new version of voting deployed ASAP.
What is Automata Network?
Automata Network is a decentralized service protocol that provides a privacy middleware layer for dApps across multiple blockchains. The protocol enables several use-cases such as Anonymous Voting and Miner Extractable Value (MEV) Minimization by leveraging the latest cryptography and privacy-protecting algorithms, along with Trusted Execution Environments (TEE).
ATA is the native utility token of the Automata Network and has the following existing and planned use cases:
- Governance: ATA token holders can create and vote on proposals, platform features, and network parameters.
- Mining rewards: Compute and storage miners earn ATA tokens by running applications and executing transactions for users on the network.
- Protocol fees: Users pay miners for storage and computation work tasks.
- Geode allocation: Users can bond ATA tokens to participate in Geode auctions.
Automata Network is developing an MEV minimization solution, Conveyor, which aims to create a front-running-free zone as it arranges transactions in a determined order. This makes it impossible for malicious actors to: (1) inject new transactions into the Conveyor output due to signature mismatch, or to (2) delete ordered transactions, as transactions are broadcasted throughout the network.
To learn more about Automata Network, the chefs advise you to visit their official communication channels:
Website: https://www.ata.network/
Twitter: https://twitter.com/AutomataNetwork
Telegram: https://t.me/ata_network
Medium: https://medium.com/atanetwork
How do you stake CAKE to earn ATA 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 ATA Syrup Pool
- Click on the stake button.
- Confirm the transaction.
BEP20 ATA will also be circulating and transferable on BSC when we start the Syrup pool, so you will be able to harvest your ATA tokens and trade on PancakeSwap at any time!
BEWARE OF FOOD POISONING! ⚠️⚠️⚠️💀
The official ATA token contract address on Binance Smart Chain is:
https://bscscan.com/address/0xa2120b9e674d3fc3875f415a7df52e382f141225
Any other ATA tokens 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 ATA tokens, they will be rotten tokens (but not the cool kind!), and we advise you to ignore them.
Chef Hops 🐰
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