CAKE holders, today we are thrilled to be able to offer you a new Syrup Pool from Zilliqa, a high-throughput smart-contract processing platform.
The Syrup Pool:
Stake CAKE tokens to earn ZIL tokens!
Total Tokens: 1,900,000 ZIL
Distribution duration: 60 days
Start block: 5982600 (March 25th 3PM SGT)
Finish block: 7710600 (May 24th 3PM SGT)
Token rewards per block: 1.0995 ZIL
In order to host the ZIL Syrup Pool, we will need to provide a ZIL-BNB 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 Zilliqa?
Zilliqa (ZIL) provides secure, scalable, and affordable blockchain solutions for enterprises and decentralised applications. Developed through academic research, Zilliqa is helmed by a team of experienced scientists, leading engineers, financial services specialists, and venture creators. Driven by the mission to commercialise blockchain-based applications, Zilliqa focuses on use cases across asset securitisation, decentralised and open finance, incentivised marketing, and secure tokenization.
In 2019, Zilliqa became the first public blockchain platform to be built on sharded architecture, with smart contracts written in the platform’s secure-by-design programming language, Scilla. To date, the Zilliqa blockchain has processed more than 15 million transactions since launching its mainnet and is home to a flourishing decentralised application ecosystem of over 90 projects from 24+ countries building on the network with the support of a global community of 200,000 enthusiasts and a developer network of over 1,000 experts.
Zilliqa’s utility token, ZIL, can be used as gas fees to navigate the Zilliqa ecosystem and execute smart contract and payment transactions. ZIL is also paid out as a block reward to both miners and stakers in order to secure the network.
To learn more about Zilliqa, the chefs advise you to visit their official communication channels:
How do you stake CAKE to earn ZIL 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 ZIL Syrup Pool
- Click on the stake button.
- Confirm the transaction.
BEP20 ZIL will also be circulating and transferable on BSC when we start the Syrup pool, so you will be able to harvest your ZIL tokens and trade on PancakeSwap at any time!
BEWARE OF FOOD POISONING! ⚠️⚠️⚠️💀
The official Zilliqa token contract address on Binance Smart Chain is:
Any other ZIL 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 ZIL tokens, they will be rotten tokens (but not the cool kind!), and we advise you to ignore them.
Chef Hops 🐰