Mar 7, 2021
PancakeSwap Welcomes DeXe Network to the Syrup Pool!
CAKE holders, today we are thrilled to be able to offer you a new Syrup Pool from DeXe Network, a decentralized social trading and asset management platform that operates via autonomous smart contracts and includes tools for virtual currency allocation and automatic rebalancing. It eliminates the risks of transferring digital wallet details such as private keys and API or any virtual currency data to a third party. Most importantly, the DeXe Network connects successful traders and followers in a transparent, verifiable way for the benefit of both groups.
The Syrup Pool:
Stake CAKE tokens to earn DEXE tokens!
Total Tokens: 17,000 DEXE
Distribution duration: 60 days
Start block: 5498960 (March 8th 7PM SGT)
Finish block: 7226960 (May 7th 7PM SGT)
Token rewards per block: 0.009837 DEXE
The Farm:
In order to host the DEXE Syrup Pool, we will need to provide a DEXE-BUSD 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 rewards, the chefs want BSC’s greatest community to make the decision themselves.
What is $DEXE?
DEXE is the native utility token of the platform and is used for the following use cases:
Governance: DEXE token holders can vote on network governance decisions and must hold DEXE to participate in the DAO.
Rewards: traders receive commissions from strategy subscribers based on the success of their strategies. The DeXe smart contract receives 30% from this sum to automatically buy back tokens from the market, one-third of which are burned, one third are sent to an insurance pool, and one third are distributed to DEXE holders.
Insurance: users have the option to hedge against losses by staking DEXE tokens up to 10% of the value of their funds.
To learn more about DeXe Network, the chefs advise you to visit their official communication channels:
Website: https://dexe.network/
Twitter: https://twitter.com/DexeNetwork
Telegram (English): https://t.me/Dexe_network
Medium: https://dexenetwork.medium.com/
How do you stake CAKE to earn DEXE 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 DEXE Syrup Pool
- Click on the stake button.
- Confirm the transaction.
BEP20 DEXE will also be circulating and transferable on BSC when we start the Syrup pool, so you will be able to harvest your DEXE tokens and trade on PancakeSwap at any time!
BEWARE OF FOOD POISONING! ⚠️⚠️⚠️💀
The official DEXE token contract address on Binance Smart Chain is:
https://bscscan.com/token/0x039cb485212f996a9dbb85a9a75d898f94d38da6
Any other DEXE 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 DEXE tokens, they will be rotten tokens (but not the cool kind!), and we advise you to ignore them.
Chef Hops 🐰
🥞 Telegram
