Binance and PancakeSwap Pair Up for IFO of FC Porto Token

As Binance prepares to launch FC Porto’s official Fan Token, they’ll be doing so alongside an IFO on PancakeSwap in an intriguing partnership.

Double Launch for FC Porto

FC Porto’s Binance launch was confirmed and will take place on November 16th, but it has since been confirmed that an IFO launch will occur on PancakeSwap on the same day with all cake raised in the participation to be burned. 

The proposal was officially confirmed on PancakeSwap via a vote that took place on November 11th, at 11:00 AM (UTC), ending 24 hours later with a unanimous 82.73% affirmative for the listing.  

“Join us in welcoming FC Porto to PancakeSwap IFO! If this vote passes, you’ll be able to buy $PORTO tokens with CAKE during the token launch. Vote at the bottom of the page,” the PancakeSwap team stated at the beginning of the vote. 

Source

The extra exposure will do no harm to FC Porto’s Fan Token, but also brings about an important consideration regarding Binance and PancakeSwap partnering for future listings. Many will wonder just how much more may be in store.

PancakeSwap IFO Details

The sale is due to begin on 16/11/2021 at 11:30 UTC and will see its completion on sale on 16/11/2021 at 12:00 UTC. The amount set to be raised in $CAKE will be to the tune of $1 million. 500,000 $PORTO (1.25% of total $PORTO supply) will be sold with the price set at $2 per 1 $PORTO.

If you would like to participate in the sale, you must begin by activating your PancakeSwap Profile, and then buying $CAKE. When the sale goes live you will have the opportunity to commit your $CAKE to purchase $PORTO here. Following the sale’s completion, you will have the chance to claim your $PORTO, with all unspent $CAKE being safely returned to you.

About PancakeSwap 

PancakeSwap is a Decentralized Exchange (DEX) built on BSC. It offers users various features such as Liquidity Pools, Swapping, Yield Farming, Syrup Pools, Automated Market Maker, Initial Farm Offering (IFO), NFT profile system, and many others. 

In addition, the protocol helps users make the most out of their crypto assets by trading, earning through yield farming, and winning via lottery, prediction, and NFT collectibles. With the highest trading volumes in the market, PancakeSwap is the leading DEX on the BSC. 

Where to find PancakeSwap:

Website | Twitter | Medium | GitHub

Source : bsc.news

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