$XEND TOKEN JOINS PANCAKESWAP’S SYRUP POOL FOR GREATER LIQUIDITY AND $CAKE REWARDS
There’s a saying that goes, “if you can’t take the heat, get out of the kitchen!” 👨🏻🍳 In these volatile times, it’s important for the companies that are actually building real products to keep their heads down and continue to bring blockchain and crypto incentives to the masses — for this is when the rewards are the greatest. 🙏🏾
We are very excited today to announce, in conjunction with PancakeSwap, that $XEND will be introduced in PancakeSwap’s Syrup Pool! If you don’t know, PancakeSwap is the leading Decentralized Exchange (DEX) on Binance Smart Chain, similar to Uniswap (where you can also find us). As a Binance-backed project, and the first Binance Smart Chain-built company out of Africa, we are excited to further our commitment to the ecosystem with PancakeSwap! 🥳
Here are the details below — from PancakeSwap — on how to stake $CAKE and earn $XEND:
The Syrup Pool:
Stake CAKE tokens to earn XEND tokens!
Total Tokens: 550,000 XEND
Distribution duration: 60 days
Start block: 7595300 (approx. 7am UTC on May 21st)
Finish block: 9323300 (approx. 7am UTC July 20th)
Token rewards per block: 0.31828 XEND
The Farm:
In order to host the XEND Syrup Pool, we will need to provide a XEND-BNB farm that will have 2x CAKE rewards for the first 48 hours and then 1x CAKE rewards after that.
The Vote:
As usual, it needs to be approved via a vote.
Why do we need a vote? Since it dilutes rewards, the chefs want BSC’s greatest community to make the decision themselves.
What is Xend Finance?
Xend Finance provides the tools and platform for a decentralized financial credit union, regardless of geographic location and home country currency. Members can earn multiple levels of interests on their savings by seamlessly exchanging their crypto or fiat currency to stable cryptocurrencies and staking — the process of locking up crypto assets to earn yields — on lending platforms so members can earn compound interest on their money. The Xend Finance platform is the world’s first decentralized finance (DeFi) credit union.
The native token of the Xend Finance ecosystem is the Xend Token ($XEND), which is used to reward users for saving, investing and performing different operations on the network.
$XEND tokens also generate interest for the users — the Xend Finance smart contract periodically invests user savings on DeFi lending protocols, which produces a second level of interest for the users.
To learn more about Xend Finance, the chefs advise you to visit their official communication channels:
Website: https://xend.finance/
Twitter: https://twitter.com/xendfinance
Telegram: https://t.me/xendFinance
Medium: https://medium.com/xendfinance
How do you stake CAKE to earn XEND rewards?
If you own CAKE tokens, congratulations! You’re the master of your … pancakes.
Time to step up your taste buds by learning how to stake CAKE with Syrup Pool.
Visit this webpage: https://pancakeswap.finance/syrup
Click “Approve CAKE” on the XEND Syrup Pool
Click on the stake button.
Confirm the transaction.
BEP20 XEND will also be circulating and transferable on BSC when we start the Syrup pool, so you will be able to harvest your XEND tokens and trade on PancakeSwap at any time!
BEWARE OF FOOD POISONING! ⚠️⚠️⚠️💀
The official XEND token contract address on Binance Smart Chain is:
https://bscscan.com/address/0x4a080377f83D669D7bB83B3184a8A5E61B500608
Any other XEND 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 XEND tokens, they will be rotten tokens (but not the cool kind!), and we advise you to ignore them.
Chef Hops 🐰
🥞 Telegram
We’re excited to be in the kitchen with PancakeSwap, one of the true movers in the industry. 👏🏾
Sincerely,
Kevin Leu
Head of Marketing
