PancakeSwap Proposal For BitTorrent ($BTT) To Add in Syrup Pool And Farm
PancakeSwap proud to announce a new Syrup Pool with BitTorrent. BitTorrent Chain is the first scalable cross-chain interoperability protocol on TRON, BSC and Ethereum.
The Syrup Pool:
Stake CAKE tokens to earn $BTT tokens!
Total Tokens: 272,730,000,000 BTT
Distribution duration: 60 days
Start time: Approx. 11AM UTC on February 12th 2022
Finish time: Approx. 11AM UTC on April 13th 2022
Token rewards per block: 157,829 BTT
Max Stake per Wallet:
100 CAKE for the first 57,600 blocks (approx. 48 hours) after the Syrup Pool is launched, then unlimited CAKE staking after that.
The cap is to give everyone an equal opportunity to farm rewards at a high APY at the start of the farm.
The Farm:
In order to host the $BTT Syrup Pool, we’ll need to provide an BTT-BUSD farm. The farm will have 1x CAKE rewards for the first 48 hours, then 0.5x rewards after that.
About $BTT
From the team: “BitTorrent Chain (BTTC) supports smart contract extension through sidechains and is compatible with Ethereum-based smart contracts. Together with many other functions it boasts, it enables developers to migrate and develop DApps on the chain without a hitch.
BTT can be brought onto BitTorrent Chain via BitTorrent Bridge and then be used to pay for gas fees and participate in projects as a native token. Any participant on BTTC can vote and receive voting rewards.
BTT token plays a crucial role in the following functions of BitTorrent:
- BTTC: Multi-chain layer 2 solution bridging BSC, ETH and TRON.
- BTFS: Decentralized storage protocol
- BitTorrent Speed: Decentralized Web 3 file sharing protocol
- Dlive: Decentralized live streaming”
How do you stake CAKE to earn $BTT rewards?
Follow this guide to staking in Syrup Pools:
https://docs.pancakeswap.finance/products/syrup-pool/syrup-pool-guide
Please note that this Syrup Pool and Farm are for the new BTT tokens which were swapped from the old BTT tokens at a ratio of 1 BTT (Old) = 1,000 BTT (New).
Vote Here:
https://pancakeswap.finance/voting/proposal/QmZHK9SaVdQnJALZLznCNxygTUydNescvPnGWBvEtPTnGU
