Stake SYRUP, Earn TWT — Trust Wallet Dives into Syrup Pool!
SYRUP holders, it’s time to get a taste of your second Syrup Pool project — Trust Wallet (TWT)!
We’re planning for TWT farming for SYRUP stakers to start very soon. But first, it needs to be approved via vote.
A 6 hour poll vote will start in the PancakeSwap Telegram Group at 5PM SGT. (We would use the governance portal but we need to build some new logic to account for staked SYRUP).
Why do we need a vote? Well.. to receive the TWT tokens, we’ll also need to open a TWT-BNB FLIP pool with a 1x CAKE reward and. We’ll also need to commit to a CAKE airdrop to Trust Wallet users equivalent to 2 days of the daily burn from the dev address (roughly 230k CAKE).
This is something the chef wants our community to make a decision on, as there will be a tiny bit of dilution to existing pools and 2 days of no daily burn.
Also, in case you missed it, Trust Wallet just BURNED 98% OF THE TOTAL SUPPLY OF TWT!
That’s right, they burned 89,000,000,000 TWT leaving only 1,000,000,000 TWT left in existence, of which 2% (20,000,000 TWT) can be farmed by SYRUP holders!
Check out what Trust Wallet is, how to stake SYRUP, and how to prevent yourself from getting food poisoning from (potentially) rotten tokens:
Here’s a quick breakdown:
- A decentralized wallet: you hold the keys to your cryptocurrency wallet.
- A user controlled wallet: only you have control over your funds.
- Gives access to DApps, unlike centralized wallets.
- Does not keep any personal information.
- Its main goal is “Making Crypto More Accessible”.
If you’re one of the few people that don’t have Trust Wallet yet, we suggest you download it HERE.
What is Trust Wallet Token (TWT)?
Trust Wallet Token (TWT) is a utility token that can only be used within the Trust Wallet app. TWT will be used to incentivize all Trust Wallet users. Trust Wallets’s goal is to give everyone access to cryptocurrencies and educate through owning their first crypto.
So how did Trust x PancakeSwap come to be?
Initially we reached out to Trust Wallet’s Viktor Radchenko to signal our support for Trust Wallet and to ask for help/advice in optimizing PancakeSwap for the Trust DApp browser.
From there we learned that not only are Viktor and his team incredibly talented, they’re also looking to lead the charge for BSC adoption in a BIG way.
Through incredible support from our community and sweet syrup alone, PancakeSwap has been ranked 1st on all metrics across Binance Smart Chain on all available timeframes (multiple times).
As such, we are super happy to work with Trust on paving the way to bring Binance Smart Chain to the masses!
To learn more about Trust Wallet, the chef advises you to visit their official communication channels.
Twitter:
https://twitter.com/TrustWalletApp
Telegram (English):
TWT Launch on Smart Chain: https://community.trustwallet.com/t/twt-migration-to-binance-smart-chain
Guide how to migrate any BEP2 to BEP20: https://community.trustwallet.com/t/how-to-swap-twt-bep2-to-twt-bep20
How to stake SYRUP to collect TWT rewards?
If you own SYRUP tokens, congratulations! You’ve already learned how to stake CAKE! Time to step up your taste buds by learning how to stake SYRUP with SYRUP Pool.
- Visit this webpage: https://pancakeswap.finance/syrup
- Click on the stake button.
- Confirm the transaction.
The TWT staking campaign will run for 1,000,000 BSC blocks from block 1023050 to 2023050 (approximately 35 days with a block time of 3 seconds), which means that there will be 20 TWT given out to SYRUP holders in each block.
We will allow you to start staking your SYRUP for TWT from 11PM SGT, but note that you wont receive any TWT until block 1023050, which is around midnight SGT!
Unlike XVS, BEP20 TWT is already circulating and transferable on BSC, so you will be able to harvest your TWT tokens at any time!
BEWARE OF FOOD POISONING! ⚠️⚠️⚠️💀
The official TWT token contract address is: https://bscscan.com/token/0x4b0f1812e5df2a09796481ff14017e6005508003
Any other TWT token will be a scam and will result in a financial loss for users. Do not buy tokens from any other token address. Always verify the token address before purchasing tokens. If you receive airdrops from another address for $TWT tokens, they will be rotten tokens and we advise you to ignore them.
Final words
In CAKE we Trust.
Stack’em!
Chef Hops
