PancakeSwap Updates IFO Structure With Duet Protocol

Slight but important IFO revisions by PancakeSwap could see more people attracted to participate.

PancakeSwap Revise IFO in Latest Offering

Along with pledging reduced emissionsPancakeSwap was also busy revising aspects of their IFOs which have now been revealed. 

The team announced the revisions alongside their latest IFO with DUET Protocol on a voting proposal on March 5. The changes are not huge, but there are intricate additions such as the disclosure of private and secondary sale prices, which will make things interesting:

IFO Proposal updated with 

Revised Private Sale Allocation 

Disclosure of DUET Private Sale and Secondary Public Sale (Copper Launch) prices 

Revised Public Sale Participation Fee


How to Participate:

To take part in the private sale, users will need to make sure their Pancake Profile avatar has been set to a Pancake Squad bunny. Whereas for the public sale, your maximum CAKE commitment limit for the IFO is determined by the average IFO pool staking balance you have held during this specific calculation period-  March 6 to March 11. 

IFO Sales Details 

Sale start time: ~0900 UTC on Fri 11 Mar 22 

Sale end time: ~1000 UTC on Fri 11 Mar 22 

IFO CAKE Pool Calculation Period: ~0800 UTC on Sun 06 Mar 22 to ~0300 UTC on Fri 11 Mar 22 

Amount to be raised: $1,800,000 USD in CAKE tokens 

Tokens to be sold: 6,000,000 DUET (1.43% of initial DUET total supply) 

Price per token: 1 DUET = $0.30 USD

What is DUET Protocol?

DUET protocol is a multi-chain synthetic assets ecosystem, enabling pegged assets from various markets – from individual stocks to indexes, ETFs, and commodities. 

DUET synthetic assets, dAssets, are secured by over-collateralization. This collateralization can be achieved by the deposit of interest-bearing assets such as e.g. LP tokens.

To find out more about DUET Protocol, access their Linktree here.

What is PancakeSwap?

PancakeSwap is a Decentralized Exchange (DEX) built on the BNB Chain. 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. 

PancakeSwap’s official links are available below:

Website | Twitter | Medium | GitHub

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