News

Pancakeswap to launch V3; announces airdrop

Published

2 years ago

March 6, 2023

Pancakeswap is set to launch version 3.0 of its decentralized exchange and the launch is scheduled to go live in April. Pancakeswap is a decentralized exchange with a native token $CAKE, built on BNB Smart Chain where users can swap BEP-20 tokens.

The full integration of Pancakeswap V3 on BNB Smart Chain coming in April will allow users access to a platform with competitive trading fees, trading incentives, trading liquidity, and yield farming experience in an easy-to-use platform.

With the launch, Pancakeswap will be airdropping CAKE tokens worth $135,000 and NFTs to early supporters.

How to participate

The campaign is planned to start on March 5th, 2023, at 13:00 UTC and end on April 3rd, 2023, at 12:00 UTC. And Pancakeswap noted that it has two different parts:

Part 1: Have at least USD 500 liquidity

The first phase of the airdrop is for users who had at least $500 liquidity staked in the form of BUSD/WBNB, USDT/WBNB, BTCB/WBNB, or ETH/WBNB on PancakeSwap Masterchef v2 before March 5th, 2023, 13:00 UTC and maintained that amount until April 3rd, 2023, 12:00 UTC.

Any user who meets this standard is automatically eligible to share from the $105,000 worth of CAKE airdrop. To verify, a snapshot of accounts will be done. Qualified users will also be eligible to receive an exclusive PancakeSwap V3 Legend NFT to celebrate their loyalty to Pancakeswap.

Part 2: Double your Rewards

Users eligible for part one will also be eligible for part two. However, they must top their account with between $500 and $20,000 liquidity in BUSD/WBNB, USDT/WBNB, BTCB/WBNB, or ETH/WBNB on the PancakeSwap Masterchef v2 to share from the $30,000 worth of CAKE airdrop.

The additional liquidity must be added before March 18th, 2023, 12:00 UTC and maintained until April 3rd, 2023, 12:00 UTC and it must be in the same wallet as part one.

For new users

For new users to participate, they must have between $500 to $20,000 liquidity in BUSD/WBNB, USDT/WBNB, BTCB/WBNB, or ETH/WBNB on the PancakeSwap Masterchef v2 between March 5th, 2023, 13:00 UTC and March 18th, 2023, 12:00 UTC. This amount must be maintained until April 3rd, 2023, 12:00 UTC to qualify for a share of the $30k worth of CAKE airdrop.

Disqualification

Pancakeswap warned that any user who qualifies for any part of the campaign but allows the level of their assets to be below $500 will automatically be disqualified from the giveaway.

For the result, the winners and method of delivery will be announced within 30 days after the campaign ends.