PancakeSwap Launches Pancake Protectors, Sparks CAKE Value Surge

• PancakeSwap, the main DEX on Binance Good Chain, releases its personal crypto recreation, Pancake Protectors.
• Pancake Protectors permits gamers to make the most of CAKE and earn rewards whereas enjoying.
• CAKE’s value elevated by greater than 16% following the announcement.

PancakeSwap, the main decentralized trade on Binance Good Chain (BSC), has made a groundbreaking transfer by releasing its personal crypto recreation, Pancake Protectors. The profitable launch of the primary DEX-backed GameFi platform has resulted in a surge within the value of CAKE.

On Could 29, PancakeSwap launched Pancake Protectors, integrating the trade platform’s native token, CAKE, into the gameplay. In accordance with the official weblog, the combination of their token within the recreation permits gamers to make the most of CAKE and earn rewards whereas enjoying.

After PancakeSwap’s GameFi platform announcement, CAKE’s value quickly surged inside just a few hours. In accordance with CoinMarketCap, the token skilled a major improve of over 16%, propelling its value from $1.55 to a 24-hour excessive of $1.80. Nonetheless, CAKE has skilled a slight pullback and is presently buying and selling at $1.73.

This recreation launch marks a turning level for CAKE, because it renews optimism following a number of months of losses. Notably, CAKE has endured a major influence throughout the crypto winter, experiencing a staggering decline of over 96% from its all-time excessive of $44.18 in April 2021.

Pancake Protectors combines gameplay designed by MOLand Protection and recreation expertise powered by the PvP GameFi protocol, Mobox. It falls throughout the tower protection (TD) subgenre of technique video games, the place gamers strategically place defensive constructions on assigned maps to safeguard territories and possessions.

Whereas some have categorized Pancake Protectors as a play-to-earn (P2E) recreation, the pseudonymous head chef of PancakeSwap, often known as Mochi on Twitter, clarifies that this recreation doesn’t comply with the play-to-earn mannequin. Mochi states, “Our bigger objective of reaching ultrasound CAKE signifies that we’re not utilizing inflationary fashions that improve CAKE emissions to drive the sport’s progress.”

Previous to the official launch on the mainnet, PancakeSwap launched a beta model of Pancake Protectors on Could 19. This allowed gamers to familiarize themselves with the gameplay mechanics and options in preparation for the extremely anticipated debut.