- PancakeSwap, the primary DEX on Binance Sensible Chain, is launching its personal crypto recreation, Pancake Protectors.
- Pancake Protectors permits gamers to make use of CAKE and earn rewards whereas enjoying.
- CAKE’s value rose greater than 16% following the announcement.
PancakeSwap, the main decentralized alternate on Binance Sensible Chain (BSC), has made a revolutionary transfer by launching its personal crypto recreation, Pancake Protectors. The profitable launch of the primary DEX-backed GameFi platform led to a surge within the value of CAKE.
On Might 29, PancakeSwap launched Pancake Protectors, integrating the alternate’s native token, CAKE, into gameplay. Based on the official weblog, integrating their token into the sport permits gamers to make use of CAKE and earn rewards whereas enjoying.
After PancakeSwap’s GameFi platform announcement, the value of CAKE shortly jumped inside hours. Based on CoinMarketCap, the token noticed a big surge of over 16%, pushing its value from $1.55 to a 24-hour excessive of $1.80. Nonetheless, CAKE noticed a slight pullback and is at the moment buying and selling at $1.73.
This recreation launch marks a turning level for CAKE, because it regains optimism after a number of months of losses. Notably, CAKE took a big hit through the crypto winter, seeing a dizzying decline of over 96% from its all-time excessive of $44.18 in April 2021.
Pancake Protectors combines gameplay designed by MOLand Protection and recreation expertise powered by PvP GameFi protocol, Mobox. It belongs to the tower protection (TD) subgenre of technique video games, the place gamers strategically place defensive constructions on assigned maps to guard territories and possessions.
Whereas some have categorized Pancake Protectors as a play-to-win (P2E) recreation, PancakeSwap’s pseudonymous chef, often called Mochi on Twitter, clarifies that this recreation doesn’t observe the play-to-earn mannequin. Mochi says, “Our broader objective of attaining ultrasonic CAKE means we’re not utilizing inflationary fashions that improve CAKE emissions to drive recreation development.”
Forward of the official mainnet launch, PancakeSwap launched a beta model of Pancake Protectors on Might 19. This allowed gamers to familiarize themselves with the gameplay mechanics and options in preparation for the extremely anticipated debut.
