$CAKE talks about the stupid operations on cake this year. Also wants to accuse cake of being a garbage IFO
This year, there was an IFO on cake, and basically, most IFOs are profitable, so I didn't think much about it, and it also had a lock-up period of 540 days. So this coin must be pumped up, right? But at that time, I didn't carefully look at the rules; the more cake you deposit, the higher the IFO price. For example, it was priced at 0.6 each, and in the end, it ended at 2.88 each. Furthermore, you have to lock it up for 540 days, releasing a bit each day.
This coin is purely stupid, completely useless, and it broke the issue price within a few days of launch. Can you imagine this is an IFO project promoted by Binance Web3 wallet and PancakeSwap?? And it also has a 540-day lock-up.
Now, my IFO cake price has reached over $3200, while this currently broken coin is at $2.5. Even if it's fully released now, there's still a difference of $1000.
In summary, I used $1 million worth of cake to participate in the new offering. I ended up with a broken coin locked for 540 days at over $20,000.
I seriously accuse PancakeSwap and Binance Wallet of promoting such garbage.