Recently, CAKE's market performance has begun to show a unique trend, which has aroused widespread curiosity and discussion. It is worth noting that while leading decentralized exchanges such as uni have not significantly moved the market, CAKE has steadily climbed. After many inquiries, we finally discovered the reason behind it: CAKE is about to launch an Initial Farm Offering (IFO). This major event will start on September 24, 2024.
It is worth mentioning that unlike previous IFOs that required locking CAKE for a long time to obtain more shares, this CAKE IFO does not require participants to lock positions for a long time. However, newly issued tokens will use an eighteen-month linear unlocking mechanism.
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