CAKE holders, today we are delighted to be able to offer you a new Syrup Pool from Juggernaut, a project building the next generation of DeFi and NFT infrastructure, to help everyone be part of the DeFi revolution.
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, JGN-BNB will go from a 1x multiple to a 2x multiple, which will last for 7 days and only cause temporary dilution among the other farms, and at the same time, there will be a new JGN Syrup Pool with $200K of tokens, to be earned by staking CAKE.
The Syrup Pool:
Stake CAKE tokens, to earn JGN tokens!
Total Tokens: 173,000 JGN
Distribution duration: 60 days
Start block: 8371400 (approx. 9am UTC on June 17th)
Finish block: 10099400 (approx. 9am UTC on August 16th)
Token rewards per block: 0.1001 JGN
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 Juggernaut?
Juggernaut is pioneering in the Non-Fungible Token (NFT) and Decentralized Finance (De-Fi) space, creating a completely custom De-Fi synthetics suite, governance, and NFT ecosystem. JGN is developing further use cases in the NFT space, allowing businesses and artists to tokenize their assets into their full-fledged ecosystem, supporting the creation and marketplace of the minted NFTs. Unlike traditional synthetic asset protocols such as Synthetix and Spartan Protocol, Juggernaut is focused on a non-commodity synthetics market.
To learn more about Juggernaut, the chefs advise you to visit their official communication channels:
How do you stake CAKE to earn JGN 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 JGN Syrup Pool
- Click on the stake button.
- Confirm the transaction.
BEP20 JGN will also be circulating and transferable on BSC when we start the Syrup pool, so you will be able to harvest your JGN tokens and trade on PancakeSwap at any time!
BEWARE OF FOOD POISONING! ⚠️⚠️⚠️💀
The official JGN token contract address on Binance Smart Chain is:
Any other JGN 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 JGN tokens, they will be rotten tokens (but not the cool kind!), and we advise you to ignore them.
Chef Hops 🐰