Affiliates from various blockchains and layer-2 networks can host PancakeSwap versions where the exchange isn’t officially available. In exchange, they’ll receive incentives and technical assistance from PancakeSwap.
By Bhushan Akolkar
Edited by Julia Sakovich
Updated
3 mins read
Decentralized exchange PancakeSwap is gearing up to introduce an affiliate model, allowing developers to duplicate its code and introduce their own versions of the platform on different blockchains. Chef Mochi, the head developer, revealed this plan on Telegram.
In exchange for developers creating their own versions of PancakeSwap, these affiliates will receive support and incentives from PancakeSwap. This initiative also benefits the holders of CAKE, the native token of PancakeSwap. The CAKE holders also gain from the success of these affiliate versions as they will receive tokens from these platforms. Besides, they also get a portion of trading fee revenue to burn CAKE tokens, thereby reducing the overall supply. Speaking to CoinDesk, Chef Mochi said:
“With the increasing number of blockchains and the growing interest in DeFi, the affiliate initiative aims to leverage PancakeSwap’s user-friendly interface and multichain capabilities to facilitate broader access and opportunity within the DeFi ecosystem. By open-sourcing the PancakeSwap DEX, developers and protocols can leverage its technical foundation to build their own DEX effortlessly, accelerating innovation without starting from scratch.”
PancakeSwap will initiate a discussion about its DAO later today, followed by a formal proposal in the upcoming weeks. The goal is to gather community feedback and insights on this concept.
As of today, PancakeSwap is accessible on multiple platforms including BNB Chain, Ethereum, Aptos, Polygon zkEVM, Linea, zkSync Era, Base, Arbitrum One, and opBNB. Since its launch in 2020, it has accumulated a trading volume of $640 billion and boasts over $1.5 billion in total locked liquidity.
In another development, Nemesis Downfall, the latest addition to the PancakeSwap Gaming Marketplace, will launch in open beta next week on February 28th. This play-to-earn first-person shooter offers two primary game modes: free-to-play and paid tournaments. Additionally, the game introduces its native token, ND, on the BNB Chain.
In Nemesis Downfall, players can utilize ND or PancakeSwap’s CAKE token to purchase characters, weapon skins, and various in-game items. Moreover, participants have the opportunity to earn ND by emerging victorious in paid tournaments.
Upon launch, players can engage in these tournaments to climb leaderboards and challenge opponents of comparable skill levels. The tournaments encompass diverse game modes, including deathmatch and “one in the chamber”.
Nemesis Downfall marks the third game to debut on the PancakeSwap Gaming Marketplace since its inception in November. Joining the ranks of Pancake Protectors and Pancake Mayor, Nemesis Downfall enriches the gaming experience with potential token rewards and engaging gameplay.
🔫The Nemesis Downfall BETA is launching on the PancakeSwap Gaming Marketplace on Feb 28th at 9am UTC!
🥞Use CAKE tokens for in-game assets & unlock exclusive PancakeSwap-themed collectibles
⚡️Sign up now for BETA access https://t.co/dYMNws2ZKu
📚 Read more… pic.twitter.com/o8rrFttaUv
— PancakeSwap v4🥞 (@PancakeSwap) February 21, 2024
PancakeSwap initially gained prominence as a cross-chain decentralized exchange (DEX) operating on the BNB Chain. However, it has since broadened its reach to include blockchains like Ethereum and its scaling solutions such as Polygon, Arbitrum, and Base.
The introduction of the gaming marketplace aims to facilitate the launch of games centered around CAKE and the PancakeSwap ecosystem. With a reported user base of 1.5 million, PancakeSwap intends to introduce its extensive community to play-to-earn games while utilizing the exchange.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
