PancakeSwap Welcomes Conflux to Syrup Pool!
CAKE holders, today we are happy to be able to offer you a new Syrup Pool from Conflux, a scalable and decentralized blockchain network that aims to have high throughput and fast confirmation.
The Syrup Pool:
Stake CAKE tokens to earn bCFX tokens!
Total Tokens: 1,200,000 bCFX
Distribution duration: 60 days
Start block: 7970400 (approx. 9am UTC on June 3rd)
Finish block: 9698400
(approx. 9am UTC on August 2nd)
Token rewards per block: 0.6944 bCFX
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 bCFX Syrup Pool, we will need to provide a bCFX-BUSD farm that will have 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 Conflux?
Conflux Network is a scalable and decentralized blockchain network that aims to have high throughput and fast confirmation. It operates a consensus protocol, GHAST, which processes concurrent blocks without discarding any as forks, and adaptively assigns heterogeneous weights to blocks based on their topologies in the ledger structure (named Tree-Graph).
bCFX is the native utility token of the Conflux Network and has the following use cases:
- Network Consensus: Miners will receive block rewards for each block that they create, and transaction fees for the code execution.
- Ecosystem Incentivization: To incentivize users for meaningful and value-generating economic activity.
- Governance: bCFX holders can vote on network governance decisions.
- Staking: The network will distribute rewards on all staked tokens at a fixed rate of 4%. The rewards will be added to the user’s holdings at the time when the user un-stakes his/her tokens.
To learn more about Conflux, the chefs advise you to visit their official communication channels:
Website: https://www.confluxnetwork.org/
Twitter: https://twitter.com/Conflux_Network
Telegram: https://t.me/Conflux_English
Medium: https://confluxnetwork.medium.com/
How do you stake CAKE to earn bCFX 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 bCFX Syrup Pool
- Click on the stake button.
- Confirm the transaction.
BEP20 bCFX will also be circulating and transferable on BSC when we start the Syrup pool, so you will be able to harvest your bCFX tokens and trade on PancakeSwap at any time!
BEWARE OF FOOD POISONING! ⚠️⚠️⚠️💀
The official bCFX token contract address on Binance Smart Chain is:
https://bscscan.com/address/0x045c4324039dA91c52C55DF5D785385Aab073DcF
Any other bCFX 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 bCFX tokens, they will be rotten tokens (but not the cool kind!), and we advise you to ignore them.
Chef Hops 🐰
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