Sweet and Secure with CertiK — $CTK joins SYRUP Pool
SYRUP holders, it’s time to get a flavor of your sixth Syrup Pool project: CertiK (CTK).
We’re planning for CTK farming for SYRUP stakers to start very soon. As usual, it needs to be approved via a vote.
Why do we need a vote? To receive the CTK tokens, we will also need to open a CTK-BNB FLIP pool which will launch with 2x CAKE rewards for the first 48 hours, and then reduce to 1x CAKE rewards after that.
Since it dilutes rewards, the chefs want BSC’s greatest community to make the decision themselves.
What is CertiK? What is CTK?
CertiK Chain is a DPoS blockchain built with the Cosmos SDK. Designed from the ground up, CertiK Chain prioritizes high transaction speed, best-in-class security, and full cross-chain compatibility, making it the industry’s best solution to run mission-critical applications, like DeFi, NFTs, and other dApps.
There are four main ingredients to the Certik Chain recipe:
- A Security Oracle — It keeps your on-chain transactions and crypto projects SAFU from attacks.
- CertiKShield — A membership that allows token holders (such as holders of FLIP, CAKE, and SYRUP) to be reimbursed if they lose any crypto from hacks or code issues. Members can provide collateral to collect services fees, as well as reserve Shields to protect their funds.
- DeepSEA — A safe programming language that works with CertiK Chain’s Virtual Machine and more. It received research grants from the Ethereum Foundation, IBM, and Qtum.
- The CertiK Virtual Machine (CVM) — A Virtual Machine that works like Ethereum and Binance Smart Chain. It lets users see, check, and add smart contracts and blockchain security info.
So how did CertiK x PancakeSwap come to be?
One of the first things any project wants (or should do) is to make sure their code is safe, secure, and that no user funds are at risk. How is this achieved? By having your code audited by professionals, and if you’re going to be audited, you want it to be done by the best team possible. Our search for a team we felt matched that description led us to CertiK, who have secured over $8B worth in crypto assets, which is where our initial collaboration began.
After working together with CertiK for about 2 weeks or so, PancakeSwap’s audit was fully completed with the results announced on October 17th.
To make sure things are extra SAFU and give the PancakeSwap users that extra peace of mind, we even went one step further and integrated CertiK’s security oracle with 6 of PancakeSwaps smart contracts.
In our opinion, CertiK teams are the best in the business bar-none; we are super excited to work with them once again to help them distribute their tokens to the community!
To learn more about CertiK, the chefs advise you to visit their official communication channels.
Telegram (English): https://t.me/certikfoundation
How to stake SYRUP to collect CTK rewards?
If you own SYRUP tokens, congratulations! You’re the master of your … pancakes.
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 CTK staking campaign will run for 400,000 BSC blocks from block 1705700 to 2105700 (approximately 13.3 days with a block time of 3 seconds), which means that there will be 0.5 CTK given out to SYRUP holders in each block.
We will allow you to start staking your SYRUP for CTK from 4:30 PM SGT, but note that you won’t receive any CTK until block 1705700 which is around 5PM SGT!
BEP20 CTK will also be circulating and transferable on BSC when we start the SYRUP pool, so you will be able to harvest your CTK tokens and trade on PancakeSwap at any time!
BEWARE OF FOOD POISONING! ⚠️⚠️⚠️💀
The official CTK token contract address on Binance Smart Chain is:
Any other CTK 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 $CTK tokens, they will be rotten tokens (but not the cool kind!), and we advise you to ignore them.
Keep your stack safe!