DEX partners with BNB GameFi protocol Mobox to create blockchain tower defense game.
On May 29, the decentralized exchange (DEX) PancakeSwap announced a partnership with BNB GameFi protocol Mobox to launch a new tower defense game GameFi. The game is called "Pancake Protectors" and allows players to take advantage of DEX's native CAKE
Cake Tokens to earn in-game rewards.
The utility of CAKE tokens in Pancake Protectors includes speeding up the upgrade process, purchasing in-game currency, claiming CAKE heroes, staking CAKE to earn resources, and unlocking game levels. There will also be an in-game marketplace for trading CAKE heroes, which can be further enhanced by participating in lotteries that generate non-fungible token (NFT) upgrade rewards. The developers explain the game as follows:
“Adapted from MOBOX’s MOland Defense Game, players take on the role of commander, assembling hero characters from each level to play a tower defense game. CAKE hero characters are the most coveted characters in the game and can be purchased with CAKE tokens.”
Additionally, players combine their NFTs with in-game heroes and display them on their PancakeSwap profiles.
Launched in 2020, PancakeSwap has become one of the most popular DEXs, with a cumulative trading volume of $462 billion and a total locked value of over $2.5 billion.
In April, the DEX passed the Pancakeswap v2.5 tokenomics proposal, reducing its CAKE token inflation rate from over 20% to a target range of 3%–5%. Due to the lower value of the nominal CAKE staking rewards, the price of the CAKE token subsequently plummeted 36% over the past month to $1.73 at the time of publication. Prior to the proposal, PancakeSwap operated a high token emission model to incentivize user adoption.
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