Decentralized cryptocurrency exchange PancakeSwap announced “PancakeSwap V3” which will be accessible on BNB Smart Chain and is scheduled to launch in the first week of April.
🚀PancakeSwap V3 launches in the 1st week of April!
🎁Early backers will receive an exclusive NFT and a share of the $135,000 airdrop
⏰Don’t miss this opportunity and join us now by adding liquidity on BSC PancakeSwap
📕 Full details here: https://t.co/5QjGWOxd3g pic.twitter.com/2dpFKZwcms
— PancakeSwap 🥞 #Multichain (@PancakeSwap) March 4, 2023
According to PancakeSwap Executive Chef Mochi, “PancakeSwap V3 will come with a host of exciting features including competitive trading fees, trading incentives, enhanced liquidity provisioning and yield farming experience.”
They started the PancakeSwap V3 Early Supporter campaign. The campaign consists of two parts that include exclusive PancakeSwap V3 NFTs and CAKE token airdrops.
In part one, the $105,000 CAKE airdrop is open to existing users with at least $500 liquidity who are in BUSD/WBNB, USDT/WBNB, BTCB/WBNB, or ETH/WBNB liquidity pools on Masterchef v2 are invested by PancakeSwap.
Users who placed liquidity on selected PancakeSwap Masterchef v2 liquidity pools before March 5, 2023 13:00 UTC and maintained that liquidity until April 3, 2023 12:00 UTC are eligible for CAKE Airdrop; otherwise they lose their eligibility.
To participate in Part 2 of this campaign and qualify for a portion of the $30,000 CAKE airdrop, users must add an additional $500-$20,000 in liquidity to BUSD/WBNB, USDT/WBNB, BTCB/WBNB. or ETH/WBNB liquidity pools on PancakeSwap’s Masterchef v2 platform.
All of this must be done before March 18, 2023 at 12:00 UTC and kept until April 3, 2023 at 12:00 UTC. It is important to remember that customers need to add more liquidity using the same wallet they used in Part 1.
To be eligible for a portion of the $30,000 CAKE airdrop, “new users” must deposit at least $500-$20,000 in BUSD/WBNB-, USDT/WBNB-, BTCB/ Add WBNB or ETH/WBNB liquidity pools on v2 :00 UTC and March 18 at 12:00 UTC and will be maintained until April 3 at 12:00 UTC.
The PancakeSwap team will take a snapshot on March 5th at 13:00 UTC and March 18th at 12:00 UTC to calculate the value of added liquidity for the Part 1 and Part 2 campaigns respectively.
“The airdrop pool is shared and distributed among all qualified users in the different tiers,” the team noted.
As a token of loyalty and support for PancakeSwap, if the user qualifies for Part 1 or Part 2 of this campaign, they will receive an exclusive PancakeSwap V3 Legend NFT or Early Supporter NFT, respectively, in addition to the airdrop. These NFTs are non-transferable and are for the campaign only and cannot be sold or moved to another wallet.
Within 30 days of the campaign closing, PancakeSwap will announce the winners and distribution strategy. It reserves the right to revoke the campaign at any time or to change its mechanics or rules.
Also read: The Aave V3 protocol goes live on Ethereum
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