Decentralized exchange PancakeSwap moves into GameFi

On May 29, decentralized speech (DEX) PancakeSwap announced that it had launched a caller tower-defense GameFi crippled successful conjunction with BNB GameFi protocol Mobox. Dubbed "Pancake Protectors," the crippled allows players to utilize the DEX's autochthonal CAKE tokens to gain in-game rewards.

Utilities for CAKE tokens wrong Pancake Protectors see accelerating the level-up process, purchasing in-game currency, claiming CAKE heroes, staking CAKE to gain resources, and unlocking crippled levels. There volition besides beryllium an in-game marketplace for trading CAKE heroes, which tin beryllium further enhanced by participating successful lotteries yielding nonfungible token (NFT) upgrade rewards. Developers explained the crippled arsenic follows:

"Adapted from MOBOX's MOland Defense Game, players presume the relation of a commandant to assemble leader characters crossed assorted levels and prosecute successful a operation defence game. CAKE leader characters are the astir coveted characters in-game and tin beryllium purchased with CAKE tokens.

In addition, players integrate their NFT with the in-game heroes and show it connected their PancakeSwap profile. 

Pancake Protectors Gameplay

Launched successful 2020, PancakeSwap has go 1 of the astir fashionable DEXs, with $462 cardinal successful cumulative trading measurement and implicit $2.5 cardinal successful full worth locked.

In April, the DEX passed the Pancakeswap v2.5 tokenomics proposal to little its CAKE token ostentation complaint from implicit 20% to a people scope of 3% to 5%. The terms of CAKE tokens subsequently plunged 36% successful the past period to $1.73 astatine the clip of work owed to the little worth of nominal CAKE staking rewards. Before the proposal, PancakeSwap operated a high-token-emission exemplary to incentivize idiosyncratic adoption.

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