CAKE holders, today we are thrilled to be able to offer you a new Syrup Pool from Gourmet Network, an innovative Yield Farming platform with a combination of DeFi and NFTs in an enhanced gaming experience.
What is Boost?
Boost is basically an increase in farm multiplier over a set period of time, which is offered in exchange for additional tokens from the boosted project, which are then put into a new Syrup Pool!
So basically, GUM-BNB will go from a 0.1x multiple to a 1x multiple, which will last for 1 week, then a 0.5x multiple for 3 weeks, which will only cause temporary dilution among the other farms, and at the same time, there will be a new GUM Syrup Pool with $400K of tokens, to be earned by staking CAKE.
The Syrup Pool:
Stake CAKE tokens, to earn GUM tokens!
Total Tokens: 1,160,000 GUM
Distribution duration: 30 days
Start block: 8743900 (approx. 9am UTC on June 30th)
Finish block: 10471900 (approx. 9am UTC on August 29th)
Token rewards per block: 0.67129 GUM
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.
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 Gourmet Galaxy?
Gourmet Galaxy is a fusion between a DeFi Yield Farming, IDO Launchpad, and an NFTs Gaming dApp, aimed at solving the problems that have overshadowed Yield Farming platforms.
Gourmet Galaxy is a platform, with 5 main products:
- GUM Swap: an easy-to-use swap protocol
- GUM Farm: Yield Farming platform, where users can provide Liquidity in exchange for GUM.
- GALAXY Markets: This is where you can use GUM to exchange for the Gourmet Galaxy NFT Tokens
- NFTs Universe: will be the product that plays a role in gaming the Yield Farming experience, as well as creating intrinsic value for the entire project.
- GUMPad: allows cryptocurrency projects to raise funds by setting up a swap pool based on a fixed purchase rate for tokens. With GUMPad, decentralized projects will be able to raise and exchange capital cheaply and quickly, with cross-chain support.
GUM Token is Gourmet Galaxy’s utility token. GUM is a vital part of Gourmet Galaxy, supported across Binance Smart Chain, Ethereum and soon Polkadot.
To learn more about Gourmet Network, the chefs advise you to visit their official communication channels:
How do you stake CAKE to earn GUM 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 GUM Syrup Pool
- Click on the stake button.
- Confirm the transaction.
BEP20 GUM will also be circulating and transferable on BSC when we start the Syrup pool, so you will be able to harvest your GUM tokens and trade on PancakeSwap at any time!
BEWARE OF FOOD POISONING! ⚠️⚠️⚠️💀
The official GUM token contract address on Binance Smart Chain is:
Any other GUM 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 GUM tokens, they will be rotten tokens (but not the cool kind!), and we advise you to ignore them.
Chef Hops 🐰