Decentralized cryptocurrency exchange PancakeSwap announced the “PancakeSwap V3,” which will be accessible on BNB Smart Chain and is all set to launch in the first week of April.
“PancakeSwap V3 will come with a range of new features, including competitive trading costs, trading incentives, increased liquidity provisioning, and yield farming experience,” said Mochi, the chief chef of PancakeSwap. “PancakeSwap V3 will be available in the next months.”
They began the early Supporter campaign for the PancakeSwap V3 version. The campaign is divided into two sections, the first of which consists of exclusive PancakeSwap V3 NFTs, and the second of which consists of CAKE token airdrops.
Existing users with a minimum of $500 liquidity staked in BUSD/WBNB, USDT/WBNB, BTCB/WBNB, or ETH/WBNB liquidity pools on PancakeSwap’s Masterchef v2 are eligible to get a share of the $105K worth of CAKE that is being given away in the first part of this airdrop.
Users are only eligible for the CAKE airdrop if they staked liquidity on one of PancakeSwap Masterchef v2’s selected liquidity pools before March 5, 2023 at 13:00 UTC and maintained that liquidity until April 3, 2023 at 12:00 UTC. If they do not do either of these things, they will lose their eligibility for the airdrop.
Users need to add an additional $500 to $20,000 in liquidity to the BUSD/WBNB, USDT/WBNB, BTCB/WBNB, or ETH/WBNB liquidity pools on PancakeSwap’s Masterchef v2 platform in order to be eligible for a portion of the $30k worth of CAKE that is being airdropped as part of Part 2 of this campaign. In order to participate in Part 2 of this campaign and be eligible for a portion of this air
All of this must be completed before to the 18th of March, 2023 at 12:00 UTC and maintained until the 3rd of April, 2023 at 12:00 UTC. It is of the utmost importance to keep in mind that clients must add extra liquidity by utilizing the same wallet that they used in Part 1.
To be eligible for a piece of the $30k CAKE airdrop, “new users” must contribute at least $500 to $20,000 in BUSD/WBNB, USDT/WBNB, BTCB/WBNB, or ETH/WBNB liquidity pools on v2 between March 5 at 13:00 UTC and March 18 at 12:00 UTC, and maintain it until April 3 at 12:00 UTC.
The PancakeSwap team will take a snapshot on March 5th at 13:00 UTC and again on March 18th at 12:00 UTC in order to determine the worth of the additional liquidity for the relevant Part 1 and Part 2 campaigns.
According to the statement made by the team, “The airdrop pool will be divided and distributed to all qualifying players in the different levels.”
In addition to the airdrop, if a user is eligible for either Part 1 or Part 2 of this campaign, they will also receive an exclusive PancakeSwap V3 Legend NFT or Early Supporter NFT, depending on which part of the campaign they qualify for. This is a token of the user’s commitment to and support for PancakeSwap. These NFTs are not able to be transferred to another wallet or sold since they are non-transferable and are only meant to be used for the campaign they were issued for.
PancakeSwap is going to make the announcement of the winners and the distribution scheme within the first month after the campaign has ended. It maintains the right to terminate the promotion at any time as well as modify its underlying mechanisms and policies.
Compiled by Coinbold
