Hello CAKE holders! 🥞

We will have the next cIFO with Cakepie on January 4th. We held an AMA (Ask Me Anything) with Alan from Cakepie Team to get to know the project more! If you missed participating in the AMA, read this article and learn about their project!

### Opening Words from Cakepie Team

**Alan:** Thank you for the invite! Hi everyone! I'm Alan, the project lead of Magpie and Cakepie. Just to give a brief background intro about myself. Before starting this journey, I worked for Google. I've been active in the Crypto space since 2017, and following the 2020 DeFi summer, I've proudly become a DeFi degen. Today, I'm very happy to be here, ready to dive into discussions about Cakepie

Cakepie, innovatively crafted by Magpie, stands as a strategic SubDAO dedicated to reinforcing the PancakeSwap ecosystem. We specialize in yield boosting services, focusing our efforts on accumulating the maximum amount of CAKE together and converting it into veCAKE. By centralizing our operations around this conversion, Cakepie taps into the benefits of veCAKE, offering pivotal opportunities for users to optimize yields and enhance governance participation within PancakeSwap.

### Let’s begin with the Questions!

**[Q1] How does Cakepie's integration with PancakeSwap benefit both CAKE holders and the broader DeFi community?**

Cakepie's integration with PancakeSwap is strategically designed to enhance the value of CAKE tokens significantly. Acting as a CAKE 'blackhole', Cakepie is focused on accumulating CAKE from the market and converting it into veCAKE permanently. This approach helps reduce the circulating supply of CAKE, thereby increasing its rarity. This collaboration is tailored to bolster PancakeSwap's long-term growth while also expanding the Magpie ecosystem. 

The integration is poised to heighten governance engagement, expand opportunities for passive income, and boost overall user involvement. Holding veCAKE enables Cakepie to offer advantages to a wider range of users within the broader DeFi community. For instance, Cakepie allows liquidity providers to earn boosted yields without the necessity of locking CAKE themselves, providing a flexible option for risk-averse participants to engage with the PCS ecosystem.

**[Q2] Can you explain the role of mCAKE in the Cakepie ecosystem and how it enhances    the yield for CAKE holders?**

 In the Cakepie ecosystem, mCAKE plays a crucial role. mCAKE is Cakepie's version of the CAKE token from PancakeSwap. Cakepie enables CAKE holders to maximize their rewards without lengthy lockup periods by converting their CAKE into mCAKE. When users convert their CAKE tokens on Cakepie, they receive mCAKE at a 1:1 ratio, while their converted CAKE is locked within PancakeSwap as veCAKE by Cakepie. Thanks to Cakepie's veCAKE yield-boosting power, users can stake their mCAKE on Cakepie to earn an increased share of revenue in the form of CAKE. They also have the opportunity to participate in PancakeSwap IFOs through the mCAKE Stability Vault.
 
The conversion of CAKE into mCAKE is irreversible. However, mCAKE holders will have the opportunity to swap mCAKE for CAKE at market rates once liquidity is seeded at PancakeSwap. The circulating supply of mCAKE is directly related to the total amount of CAKE tokens accumulated by Cakepie as veCAKE.

**[Q3] What unique advantages does holding vlCKP offer to users in terms of  governance and revenue sharing within the PancakeSwap ecosystem?**

CKP is the upcoming governance and revenue-sharing token of Cakepie. Users will have the opportunity to lock their CKP tokens as vlCKP within Cakepie to access its benefits. vlCKP, also known as Vote-Locked CKP, allows users to earn a share of Cakepie's platform revenue and influence governance decisions within PancakeSwap and Cakepie.

By controlling the voting power of Cakepie's veCAKE, vlCKP holders can influence the distribution of CAKE emissions across PancakeSwap pools through voting in the upcoming Cakepie bribery market. vlCKP holders are poised to share 8% of the total revenue generated by Cakepie and earn bribes from ecosystem partners seeking their voting support. This week, we received pre-bribes from various protocols, totaling over $40k in incentives, which are set to be shared 100% with vlCKP holders.

**[Q4] Has Cakepie completed any smart contract audits, and if so, which auditing firms were involved in this process?**

Yes, Cakepie has completed rigorous smart contract audits by two reputable firms. BlockSec conducted our first audit, ensuring a robust security infrastructure for our platform. The second audit was performed by PeckShield, affirming the reliability and security of our protocol structure. 

These thorough audits by leading experts in blockchain security demonstrate our commitment to maintaining high security standards for our users' assets. The detailed reports from BlockSec and PeckShield are accessible for review, reflecting our dedication to a secure and trustworthy platform.

**[Q5]Can you briefly describe Cakepie’s cIFO to community?**

The upcoming cIFO for Cakepie's CKP token is set to commence at 12:00 UTC on January 4th. This token sale event will take place on the PancakeSwap platform. The cIFO price for the CKP token is set at $1.50, with 200,000 CKP tokens available for sale out of a total supply of 10 million. This event represents a crucial step for Cakepie, offering our community members a unique opportunity to participate in the growth and success of the platform. 

The allocation and pricing strategy is designed to ensure fair access and value for both early adopters and new participants, reflecting our commitment to the long-term development of the Cakepie ecosystem and its integration with PancakeSwap.

And here is a one-pager about Cakepie’s cIFO.

![Captura de pantalla 2024-01-04 a la(s) 00.21.34.png](https://sgp1.digitaloceanspaces.com/strapi.space/67b85223b08aa138f107b174f812a9e7.png)

### Live Q&A Session

**Q1:  What advantages does Cakepie bring to PancakeSwap in terms of a diverse user base and increased APR% for liquidity providers?**

One of the key benefits Cakepie offers to PancakeSwap liquidity providers is the ability to boost their CAKE rewards without personally locking any CAKE tokens as veCAKE. This is made possible through Cakepie’s significant holdings of veCAKE – amounting to over 5 million CAKE tokens. 

As a result, liquidity providers using V3 on PancakeSwap can automatically receive increased CAKE rewards by depositing their assets on Cakepie. This feature provides an attractive incentive for risk-reverse liquidity providers, leading to potentially higher liquidity within the PancakeSwap ecosystem​​

**Q2: Does Cakepie have plans to integrate with other blockchain ecosystems or DeFi protocols to expand its functionality and reach a wider audience?**

 It's important to clarify Cakepie's focused commitment and its relation to the broader Magpie ecosystem. This distinction highlights that while Cakepie remains steadfast in its commitment to PancakeSwap, the broader Magpie ecosystem is actively engaged in expanding its reach and functionality across multiple blockchains and DeFi protocols via the Magpie SubDAO Model. 
 
This approach allows for a focused development within each ecosystem, with Cakepie catering specifically to PancakeSwap and Magpie addressing a wider range of protocols and networks​​ with SubDAOs such as Penpie and Radpie catering for Pendle Finance and Radiant Capital respectively. And These SubDAOs can work in harmony, supporting one another. 

For instance, Penpie and Radpie both established liquidity on PCS and channel bribes into Cakepie. This strategy help boost CAKE emissions for both PNP/BNB and RDP/BNB pools and at same time bring Cakepie users more bribe revenue.

### **Cakepie  Quiz!!**

The Cakepie team  prepared a few questions in a form. Users had to fill their public wallet address (not your private keys), Answers and Telegram/Discord username. Some lucky users who answered all correct have received a reward!

If you want to participate in this kind of events, follow up in our social channels to find out when the next AMA will be!

### **Final Words from Cakepie**

I'd like to extend my heartfelt gratitude to everyone who participated in this AMA session, and a special thanks to the PCS team for hosting us. 

If you have any additional questions or require further clarification, please don't hesitate to join the Cakepie community. Our dedicated team is always available there to assist you with any questions you might have. Wishing you all a joyous and prosperous New Year!

---

That’s all from AMA! It was a very informative Q & A session.

Save the date for the next cIFO: January 4th 12 UTC

Keep an eye on our socials to don't lose any of this events! 

The Chefs 🐰



AMA with Cakepie Team, the next cIFO in PancakeSwap!

We’re excited to launch a **$100,000 trading competition** in collaboration with **Vita Inu (VINU).** You can trade VINU, compete for amazing prizes, and win rewards while trading on the **[PancakeSwap Web interface](https://pancakeswap.finance/?inputCurrency=0x55d398326f99059fF775485246999027B3197955&outputCurrency=0xfEbe8C1eD424DbF688551D4E2267e7A53698F0aa)** and the **[PancakeSwap Telegram Swap-Bot](https://t.me/pancakefi_bot)**.


#### **What is Vita Inu?**

Vita Inu, a utility-based memecoin on the BNB Chain, had a loyal community but has been overridden and taken over by AI. The AI erased all utility, deleted all posts, eliminated the developers, and completely took control. This marks the first-ever AI Takeover (AiTO) of a memecoin in the history of crypto.

#### **Campaign Duration:**

**Start:** December 19, 2024, 12:00 PM UTC

**End:** January 17, 2025, 23:59 UTC

**VINU Official Contract Address:** **[VINU contract on BSC Scan](https://bscscan.com/address/0xfebe8c1ed424dbf688551d4e2267e7a53698f0aa)**

#### **How to Participate & Win:**

The campaign consists of three exciting parts. Here's how you can qualify for the rewards:

**Part 1: Daily Lucky Winners – $30,000 in VINU**

- 20 random winners every day will win **$50 in VINU** each during the campaign period.
- To qualify, trade at least **$200 USD** daily in VINU trading pairs during the campaign period. This can be achieved through a **single trade** or **multiple trades** in VINU pairs.
- Only trades made on the **[PancakeSwap Web Version](https://pancakeswap.finance/?inputCurrency=0x55d398326f99059fF775485246999027B3197955&outputCurrency=0xfEbe8C1eD424DbF688551D4E2267e7A53698F0aa)** are eligible. Trades via the Telegram Swap Bot **will not be** considered for this prize.

**Part 2: Top Trader Leaderboard – $40,000 in VINU**

- The top 50 traders with the highest cumulative trading volume during the campaign period will share a total prize pool of $40,000 in VINU.
- To qualify, you must trade at least **$5,000 USD** in cumulative trading volume across VINU trading pairs during the campaign period. This can be achieved through a **single trade** or **multiple trades** in VINU pairs.
- Only trades made on the **[PancakeSwap Web Version](https://pancakeswap.finance/?inputCurrency=0x55d398326f99059fF775485246999027B3197955&outputCurrency=0xfEbe8C1eD424DbF688551D4E2267e7A53698F0aa)** are eligible. Trades via the Telegram Swap Bot **will not be** considered for this prize.
- **Track your ranking in the leaderboard here**: https://dune.com/pancakeswap/vita-inu-vinu-trading-competition 

**Rewards Breakdown:**

**1st Place:** $8,000

**2nd Place:** $6,000

**3rd Place:** $4,000

**4th–5th Place:** $2,000 each

**6th–10th Place:** $1,000 each

**11th–20th Place:** $500 each

**21st–30th Place:** $300 each

**31st - 50th Place:** $250 each

**Part 3: PancakeSwap Telegram Swap Bot – $30,000 in VINU**

- After the campaign ends, 300 lucky traders will each win $100 in VINU.
- To qualify, trade at least **$500 USD** in VINU trading pairs through the **[PancakeSwap Telegram Swap Bot.](https://t.me/pancakefi_bot)** This can be achieved through a **single trade** or **multiple trades** in VINU pairs.
- Only trades executed through the **PancakeSwap Telegram Swap Bot** will count towards this part of the competition. Trades made on the PancakeSwap Web Version **are not eligible.**
- Swap VINU on the Telegram Bot here: **[PancakeSwap Telegram Bot.](https://t.me/pancakefi_bot)**

#### **Terms & Conditions**

- All qualifying trades must involve **VINU tokens.** Only trades in **VINU trading pairs** will be considered. Trades in pairs that do not include VINU will not count toward your daily, cumulative, or leaderboard volume.
- **Parts 1 & 2:** Only trades made on the **PancakeSwap Web Version** (including both **V2** and **V3** interfaces) qualify. Trades made through external aggregators or platforms like 1inch or other decentralized exchanges **will not** count toward this competition.
- **Part 3:** Only trades via the **[PancakeSwap Telegram Swap Bot](https://t.me/pancakefi_bot)** qualify. Trades made on the **PancakeSwap Web Version** do not count for this part of the competition.
- Rewards will be distributed in VINU tokens within _4 weeks_ after the campaign ends. The rewards will be based on the token price at the time of distribution. 
- PancakeSwap reserves the right to modify or cancel the competition rules anytime. In case of any disputes, PancakeSwap's decision will be final. 
- The information provided here is not intended as financial advice. It does not constitute a solicitation, recommendation, endorsement, or offer by PancakeSwap to buy, sell, or invest in any digital assets. Cryptocurrencies carry significant risks, including the potential loss of your entire investment. We strongly recommend seeking professional advice before making any financial, investment, or trading decisions.


#### **Start Trading Now!**

Trade VINU on PancakeSwap: **[PancakeSwap Web](https://pancakeswap.finance/?inputCurrency=0x55d398326f99059fF775485246999027B3197955&outputCurrency=0xfEbe8C1eD424DbF688551D4E2267e7A53698F0aa)**

Use the PancakeSwap Telegram Swap Bot: **[Telegram Bot](https://t.me/pancakefi_bot)**

Good luck, and may the best traders win!








We’re excited to launch a $100,000 trading competition in collaboration with Vita Inu (VINU).

PancakeSwap x Vita Inu Trading Competition – $100,000 in Rewards

As we wrap up the year, PancakeSwap is spreading holiday cheer with a festive gift for our community—a chance to enjoy the magic of DeFi! This December, we're launching our Christmas CAKE Giveaway, designed to help you take your first steps into decentralized finance. Think of it as our holiday gift—a fun way to start with PancakeSwap and celebrate the season together.

### **🎁 Campaign Timeline**

- **Start Date**: December 19, 2024
- **End Date**: December 31, 2024
- **Surprise Giveaway Forms**: Stay tuned for randomly timed giveaway forms, which will only be shared from our official PancakeSwap [**Telegram**](http://t.me/PancakeSwap) and [**Discord**](http://discord.com/invite/pancakeswap) accounts. These forms will never be posted at the same time, making each giveaway a fun surprise!

### **💰 Prize Pool & Winner Selection**

- **Total Prize Pool**: $500 in CAKE
- **Number of Winners**: 50 lucky winners
- **Prize per Winner**: $10 in CAKE
- **Total Draws:** 10 Draws
- **Total Draws per day among Discord & Telegram**: 1 

### **How to Enter:**

#### **Watch for Giveaway Announcements**
    
 At random times throughout the campaign, we'll post a Google Form link from our official PancakeSwap [**Telegram**](http://t.me/PancakeSwap) and [**Discord**](http://discord.com/invite/pancakeswap) accounts. These forms will never be posted at the same time, so keep an eye out for surprise announcements!
    
#### **Submit Your Entry**
   1. Open the Google Form when it’s live (Remember, the link will only be shared from our official PancakeSwap Telegram and Discord accounts—any messages from other sources are not legitimate.)
   2. Enter your **Telegram or Discord username** (depending on where the form was shared).
   3. Provide your **BEP20 wallet address**. (we'll never ask for private keys or request you to approve transactions—stay safe!))
  
**Important**: Double-check your username and wallet address to ensure we can verify your win later.

#### **Hurry!**
    
 The form will only be open for one hour, so be sure to submit your entry before it’s closed!
    

### **🎉 Winner Selection and Prize Distribution**

1. Winners will be **randomly selected** after each form closes.
2. All winner announcements will be made in the **Telegram and Discord Announcement Channels**.
3. CAKE prizes will be distributed directly to the wallet addresses provided in the form.

### **🔒 Stay Safe: Security Guidelines**

Your security is our priority! Please follow these rules to stay safe:

- **We will never DM you first**. If someone contacts you claiming to represent PancakeSwap, it's a scam. Report suspicious messages immediately.
- The **Google Form** only asks for your Telegram or Discord username and your wallet address. We will **NEVER** ask for private keys, seed phrases, or wallet connections.
- **We will never ask you to send funds** or approve any transactions. If someone claims to need you to transfer funds or approve a transaction, it’s a scam.
- Only trust **official announcements** from our PancakeSwap channels on:
- **Telegram**: [@PancakeSwap](http://t.me/PancakeSwap)
- **Discord**: [PancakeSwap Official](http://discord.com/invite/pancakeswap)
- Always **verify announcements** through our official channels. Giveaway links and winner announcements will only come from our verified Telegram or Discord channels.
- If you have any doubts about the legitimacy of a message, check our official channels for confirmation.

### **Let’s Celebrate Together!**

Join us in spreading the holiday spirit and making DeFi accessible for everyone. Take your chance to win your **first CAKE** and kickstart your journey this holiday season.


#### **Terms and Conditions:**

- **Rewards will be distributed within three weeks after the competition ends.**
- Participants must be in the PancakeSwap Telegram and Discord groups to receive the rewards
- PancakeSwap reserves the right to modify or cancel the campaign mechanics or rules at any time, without prior notice.
- **In case of any dispute, PancakeSwap's decision regarding the campaign will be final.**

#### 🎄🥞 **Happy Holidays from the PancakeSwap Team!**


As we wrap up the year, PancakeSwap is spreading holiday cheer with a festive gift for our community!

🎄Celebrate the Holidays with PancakeSwap’s Christmas CAKE Giveaway!

# **PancakeSwap November Recap 2024**

### **PancakeSwap November Data**

- Total Value Locked (TVL): 2.19B
- Total Volume: $37.2B
- Average Daily Volume: $1.2B
- Unique Traders: 2.2M
- Unique Onsite Users: 2.3M
- veCAKE - Total CAKE Locked: 86.9M
- veCAKE - AVG Lockup Period: 66 (Weeks)

**CAKE Token**

- Total burned: 36.3M CAKE ($76.5M)
- Monthly Net Mint: -1,047,762 CAKE
- % of Supply Burned: -0.274%
- N° of holders: 1,794,443 (MoM 0.59%)
- As our emissions and burn data are calculated and grouped by weeks, not months, the statistics above may not one-to-one reflect our “monthly burn”, and only serves as a guideline. For more information on our burns, please refer to our weekly burn post on our social channels.

### **Served In November**

#### **Monthly Burn Report**
![burn november.jpg](https://sgp1.digitaloceanspaces.com/strapi.space/b3a6a901c56c33271dafa4c27d04237c.jpg)

As part of our ongoing commitment to achieving Ultrasound CAKE, November marks the 15th consecutive month of reducing the total supply of CAKE. This month alone, we achieved a Net Mint of -1,047,762 CAKE, pushing the cumulative reduction to -6,733,209 CAKE. November is the month with the largest negative net emissions in our history!

Key CAKE Stats for November:

- 👨‍🌾Minted: 983,314
- 🔥Burned: 2,031,076
- 📉Net Mint: -1,047,762
- 🔻% of total supply burned: -0.274%

We’re on track with our goal, reducing the supply steadily each month. Stay tuned for more updates as we continue to burn CAKE and make progress toward Ultrasound CAKE!

#### **Game-Changing Launch: Swap Bot on Telegram**

In November, we took decentralized trading to the next level by launching the [**PancakeSwap Swap Bot**](https://t.me/pancakefi_bot) on Telegram! This feature lets users trade **over 3,000 tokens** on the BNB Chain, including access to v2, v3, and Stableswap pools directly through Telegram.

The Swap Bot offers:

- Low trading fees
- Real-time transaction notifications
- Seamless mobile trading

Whether you're on the go or just prefer the convenience of mobile, the Swap Bot makes it easier than ever to swap tokens. Dive in now and experience the future of decentralized trading!

#### **MEV Guard: Enhanced Security with One Click**

Security is always a priority at PancakeSwap, and this month, we launched [MEV Guard](https://blog.pancakeswap.finance/articles/introducing-pancake-swap-mev-guard-on-bnb-chain-better-rates-and-safer-swaps-with-one-click), powered by 48 Club. This feature protects users from MEV (Miner Extractable Value) attacks, including frontrunning and sandwiching, ensuring safer and more private trades.

Users can enable MEV Guard to secure their swaps, improve trade rates, and enjoy a smoother trading experience with just one click. It's part of our ongoing commitment to providing our global community with the best possible trading solutions.

Ready to trade with confidence? [Start using MEV Guard today!](https://pancakeswap.finance/)

#### **Community Votes to Relabel Multichain Warchest as Ecosystem Growth**

In November, the PancakeSwap community overwhelmingly voted to relabel the **Multichain Warchest** as **Ecosystem Growth**, with over [**87% of votes**](https://pancakeswap.finance/voting/proposal/0x3fb72659b13423d9b477a08ccea5528cc5490d5b3114108371eba2ae367ba04f) in support. This change expands the allocation’s purpose, enabling it to fund new products, initiatives, and ecosystem development.

This decision reflects the community's commitment to fostering innovation and ensuring PancakeSwap's continued growth. It also reinforces our dedication to flexibility and transparency in managing funds for the benefit of all users.

#### **First PancakeSwap Meetup in Vietnam 🇻🇳**

November marked a significant milestone as PancakeSwap hosted its first-ever meetup in Ho Chi Minh, Vietnam! Over 70 attendees joined us for an incredible event filled with engaging discussions about PancakeSwap's vision. The day was packed with fun activities, from dancing and laughter to exclusive merchandise giveaways, creating unforgettable memories for everyone present. It was a true celebration of community spirit and DeFi innovation. Curious to see the highlights? [Watch the magic unfold here](https://www.youtube.com/watch?v=QzKLop4PTmE)!

Thanks for reading! Join us on **[Twitter](https://twitter.com/PancakeSwap)** , **[Telegram](https://t.me/pancakeswap)**, and in our **[Discord](https://discord.gg/pancakeswap)** community!

*The Chefs* 🥞

PancakeSwap November Recap 2024

We're excited to announce an exclusive campaign to celebrate the **[PancakeSwap Telegram Swap Bot](https://blog.pancakeswap.finance/articles/pancake-swap-launches-swap-bot-on-telegram-trade-over-3-000-tokens-on-bnb-chain)**. Trade using the **[PancakeSwap Swap Bot](https://t.me/pancakefi_bot)** with UXUY Wallet, and you could be one of 200 lucky winners sharing in a $5,000 prize pool. Keep reading to learn how you can participate and win!

**Campaign Details:**

**Start Date:** December 9, 2024, 13:00 UTC

**End Date:** December 23, 2024, 23:59 UTC

**Total Prize Pool:** $5,000 in BEP20 USDT

#### **How to Participate**

1\. Trade on the PancakeSwap Swap Bot using the UXUY Wallet

* Use the **[PancakeSwap Swap-Bot](https://t.me/pancakefi_bot)** for trading, but connect and trade through the UXUY Wallet.  
* Only trades made using UXUY Wallet are eligible—trades on the PancakeSwap website or through other wallets won't count.

2\. Achieve a Minimum Cumulative Trading Volume of $100

* Trade at least $100 USD cumulatively in total trading volume during the campaign period.
* You can reach the total volume through multiple swaps or a single transaction—every swap counts!

3\. Meet the Trading Pair Eligibility Criteria

* Pairs must be listed on the **[PancakeSwap Token List](https://tokenlists.org/token-list?url=https://tokens.pancakeswap.finance/pancakeswap-extended.json)** for the BNB Chain.
* Each pair must include at least **one major token: WBNB, BTCB, BUSD, USDT, or USDC.**
* Pairs can be traded across PancakeSwap v2, v3, and Stableswap on the BNB Chain.

#### **Reward Distribution**

* ** Rewards:** 200 winners will be randomly selected for $25 each in BEP20 USDT.
* ** Reward Distribution:** Rewards will be distributed within four weeks after the campaign concludes.

**Terms and Conditions**

- Only swaps executed via the PancakeSwap Telegram Swap Bot using UXUY Wallet are eligible.
- To qualify for rewards, users must complete at least $100 USD in total trading volume—this can be achieved in a single transaction or across multiple swaps. Every trade counts!
- Users must meet the Eligibility Criteria for Trading Pairs as outlined in the campaign details.
- Rewards will be distributed in BEP20 USDT on the BNB Chain within four weeks after the campaign concludes.
- PancakeSwap reserves the right to modify or cancel the campaign mechanics or rules at any time, without prior notice.
- In case of any dispute, PancakeSwap's decision regarding the campaign will be final.


**[Start trading now](https://t.me/pancakefi_bot)** and get a chance to share in the $5,000 prize pool using the PancakeSwap Telegram Swap-Bot and UXUY Wallet!








We're excited to announce an exclusive campaign to celebrate the PancakeSwap Telegram Swap Bot

Trade on the PancakeSwap Telegram Swap Bot Using UXUY Wallet and Share $5,000 in Rewards

To celebrate the launch of our new PancakeSwap [**Swap Bot**](https://t.me/pancakefi_bot), we're giving away **$10,000 in rewards!** Trade with the Swap bot to be one of **200 lucky winners** sharing in the prize pool. Keep reading to learn how to enter!

**Campaign Duration:** 21 November 13:00 UTC - 5 December 23:59 UTC 2024

**Prize Pool:** $10,000 in BEP20 USDT

# How to Participate and Win

**1. Use the PancakeSwap Swap Bot on Telegram**

- Only swaps executed through the [**PancakeSwap Swap Bot**](https://t.me/pancakefi_bot) on Telegram are eligible. Swaps made on the PancakeSwap website will not count for this campaign.

**2. Trade a Minimum Cumulative Volume of $100**

- Complete at least **$100 USD** in total trading volume—this can be in a single transaction or across multiple swaps. Every trade counts!

**3. Eligibility Criteria for Trading Pairs**

- Pairs must be listed on the [**PancakeSwap Token List**](https://tokenlists.org/token-list?url=https://tokens.pancakeswap.finance/pancakeswap-extended.json) for the BNB Chain.
- Each pair must include at least **one major token: WBNB, BTCB, BUSD, USDT, or USDC.**
- Pairs can be traded across PancakeSwap v2, v3, and Stableswap on the BNB Chain.

# Prize Pool

- **Prizes:** 200 lucky winners will be randomly selected to each receive $50 in BEP20 USDT.
- **Rewards Distribution:** Rewards will be distributed within three weeks after the campaign concludes, in BEP20 USDT.
#### **Terms and Conditions:**

- Only swaps executed through the PancakeSwap Swap Bot on Telegram are eligible. Swaps made on the PancakeSwap website will not count for this campaign.
- To qualify for rewards, users must complete at least $100 USD in total trading volume—this can be achieved in a single transaction or across multiple swaps. Every trade counts!
- Users must meet the Eligibility Criteria for Trading Pairs as outlined in the campaign details.
- Rewards will be distributed in BEP20 USDT on the BNB Chain within three weeks after the campaign concludes.
- PancakeSwap reserves the right to modify or cancel the campaign mechanics or rules at any time, without prior notice.
- In case of any dispute, PancakeSwap's decision regarding the campaign will be final.

To celebrate the launch of our new PancakeSwap Swap Bot, we're giving away $10,000 in rewards

Win $10,000 with the PancakeSwap Swap Bot

# **PancakeSwap October Recap 2024**

**Data Recap**

**PancakeSwap**

- Total Value Locked (TVL): 2.05B
- Total Volume: $24.3B
- Average Daily Volume: $784.1M
- Unique Traders: 1.9M
- Unique Onsite Users: 1.8M
- veCAKE - Total CAKE Locked: 92.2M
- veCAKE - AVG Lockup Period: 64.4 (Weeks)

**CAKE Token**

- Total burned: 36M CAKE ($67.2M)
- Monthly Net Mint: -777,208 CAKE
- % of Supply Burned: -0.203%
- N° of holders: 1,783,936 (MoM +0.65%)
- As our emissions and burn data are calculated and grouped by weeks, not months, the statistics above may not one-to-one reflect our “monthly burn”, and only serves as a guideline. For more information on our burns, please refer to our weekly burn post on our social channels.

**Served In October**

**Monthly Burn Report**

 ![burn report.jpg](https://sgp1.digitaloceanspaces.com/strapi.space/8f7abd0e3e33264406555e44c382c121.jpg)

In our commitment to achieving the Ultrasound CAKE, October marks the 14th consecutive month of reducing the total supply of CAKE, with a Net Mint of  -777,208  CAKE, bringing the cumulative net reduction to -5,685,447 CAKE!

- 👨‍🌾Minted: 1,023,905
- 🔥Burned: 1,801,113
- 📉Net Mint: -777,208
- 🔻% of total supply burned: -0.203%

**PancakeSwapX: A Game-Changer in DeFi**

We’re thrilled to [announce the launch of PancakeSwapX](https://blog.pancakeswap.finance/articles/introducing-pancake-swap-x-zero-fee-and-gasless-swaps-on-ethereum-and-arbitrum), a brand-new feature that revolutionizes the way you trade! With PancakeSwapX, you can now perform zero-fee and gasless swaps on Ethereum and Arbitrum directly from the PancakeSwap interface.

PancakeSwapX integrates seamlessly with our platform, providing easy access to zero-fee swaps for over 150 tokens during its initial release. By aggregating liquidity from multiple sources, PancakeSwapX ensures you get the best possible execution prices while external liquidity providers cover the gas costs. This means you can trade more efficiently without the worry of high fees eating into your profits.

Future updates will expand support to additional chains and bring you gasless cross-chain swaps. Stay tuned for more exciting developments as we continue to enhance your trading experience on PancakeSwap!

**Q4 Roadmap Revealed**

As we approach the end of 2024, [The Kitchen has unveiled the exciting roadmap for this final quarter of the year](https://x.com/PancakeSwap/status/1841764740491837581). The roadmap highlights the upcoming innovations, improvements, and surprises we have in store for PancakeSwap. To keep our community informed and excited about what's coming, we hosted a live AMA to discuss all the key details. If you missed it, don’t worry! You can catch up by choosing either the [video](https://www.youtube.com/watch?v=ROkjw47-Aa8) or [text format](https://blog.pancakeswap.finance/articles/q4-roadmap-ama-1).

**PancakeSwap Events fever**

The community has been a cornerstone of PancakeSwap’s success from the very beginning. Our global community's unconditional support and love continue to drive us forward. At The Kitchen, we are committed to bringing the PancakeSwap experience to cities worldwide, spreading the joy of rabbits and pancakes so everyone can join in on the fun

In October, we had the pleasure of hosting our first workshop in Abuja, Nigeria](https://x.com/PancakeSwap/status/1846042797855367572), and [sharing pancakes with many adorable cats in Istanbul, Turkey](https://x.com/PancakeSwap/status/1849058058376482980), where smiles, new connections, merch and pancakes filled the day.

This wouldn’t be possible without the incredible efforts of our ambassador team and community, who always go above and beyond. We are incredibly proud of them and grateful for all their hard work! And this is just the beginning… PancakeSwap is on the move! Stay tuned because we’ll be in more cities soon, continuing to share the magic of PancakeSwap.

Thanks for reading! Join us on **[Twitter](https://twitter.com/PancakeSwap)** , **[Telegram](https://t.me/pancakeswap)**, and in our **[Discord](https://discord.gg/pancakeswap)** community!

*The Chefs* 🥞

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