PancakeSwap Welcomes pNetwork’s PNT to Syrup Pool!
CAKE holders, today we are delighted to be able to offer you a new Syrup Pool from pNetwork, a Cross Chain Asset Transfer Platform using Trusted Execution Environments (TEEs) and an increasingly decentralized network to secure underlying assets.
The Syrup Pool:
Stake CAKE tokens to earn PNT tokens!
Total Tokens: 165,000 PNT
Distribution duration: 60 days
Start block: 7180200 (approx. 7am UTC on May 6th)
Finish block: 8908200 (approx. 7am UTC on July 5th)
Token rewards per block: 0.09548 PNT
In order to host the PNT Syrup Pool, we will need to provide a PNT-pBTC farm that will have 2x CAKE rewards for the first 48 hours and then 1x CAKE rewards after that.
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 pNetwork?
pNetwork is the progressively decentralized platform that brings blockchains together. The goal of pNetwork is to establish cross-chain composability. This enables blockchains to communicate with each other easily, allowing the end-user to play in any environment effortlessly.
pNetwork is an innovative project whose solution might seem unusual for entities that interact with the industry for the first time. We’re about to discuss the key things you should know about our network to get more familiar with the ecosystem and the solutions expected to transform the blockchain space.
In a nutshell, the pNetwork is run by a decentralized network of node operators, governed by a Decentralized Autonomous Organization (DAO), and is fueled by PNT — the native token. DAO members earn rewards for voting in an open-governance model, while node operators are incentivized for their effort based on the peg-out fees.
What is $PNT?
PNT is the pNetwork token available on BSC through pNetwork-powered bridges and compatible 1:1 with PNT on other blockchains.
Getting your PNT on the Binance Smart Chain via pNetwork is really simple:
- Go to the pTokens dApp (https://dapp.ptokens.io/swap?asset=pnt&from=eth&to=bsc) and connect your Metamask (Ethereum network) or other Ethereum wallet where you hold PNT (Ethereum version)
- Insert your Binance Smart Chain address and select the amount of PNT tokens you want to send to your BSC address
- Click the “Swap” button and receive your PNT on BSC shortly after — this last step may take between 5 and 15 minutes
You can swap PNT from any supported Ethereum wallet — for example Metamask or Trust Wallet (via Wallet Connect). If you hold PNT on your Binance.com account, use the withdraw function to send PNT to your Ethereum wallet and then continue from step 1. When withdrawing from Binance select “Ethereum network” for withdrawals (BSC withdrawals from Binance.com through the binance bridge have been disabled to avoid confusion).
The pool will be for the PNT-pBTC trading pair. You can get pBTC either via the pBTC-BNB Pancakeswap liquidity pool ( https://exchange.pancakeswap.finance/#/add/BNB/0xeD28A457A5A76596ac48d87C0f577020F6Ea1c4C ) or directly with Bitcoin through the pTokens dApp ( https://dapp.ptokens.io/swap?asset=btc&from=btc&to=bsc ).
To learn more about pNetwork, the chefs advise you to visit their official communication channels:
How do you stake CAKE to earn PNT 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 PNT Syrup Pool
- Click on the stake button.
- Confirm the transaction.
BEP20 PNT will also be circulating and transferable on BSC when we start the Syrup pool, so you will be able to harvest your PNT tokens and trade on PancakeSwap at any time!
BEWARE OF FOOD POISONING! ⚠️⚠️⚠️💀
The official PNT token contract address on Binance Smart Chain is:
Any other PNT 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 PNT tokens, they will be rotten tokens (but not the cool kind!), and we advise you to ignore them.
Chef Hops 🐰