PancakeSwap launches early token access event CAKE.PAD, with collected CAKE fees to be permanently burned

Foresight News reported that PancakeSwap has announced the launch of CAKE.PAD, which has evolved from IFO and aims to provide users with the opportunity to access new tokens before they are listed on exchanges. Previously, participating in IFO required staking CAKE, browsing multiple trading platforms, and meeting specific requirements. With the new CAKE.PAD, users only need to hold and submit CAKE during the event period to join, and can claim new tokens after the event ends, with no need for staking pools or lock-up periods. In addition, all CAKE fees collected through CAKE.PAD will be permanently burned.

There is no upper limit on CAKE contributions. Furthermore, if multiple CAKE.PAD events are held simultaneously, users can use CAKE to participate in all events without restriction. When demand exceeds supply, a tiered subscription tax will be implemented. The greater the oversubscription, the lower the tax rate. The first batch of early token access events will be announced soon.