BSC Season Coming? PancakeSwap Launches First-Ever IFO, but Crypto All-Stars (STARS) Offers Higher Yields

PancakeSwap is a top BNB Chain DEX, and now it plans to launch its first-ever IFO Eigenpie. Meanwhile, Crypto All-Stars APY outperforms.

BNB Price Trading volume in 24h Last 7d price movement , the native token of the BNB Chain, is down roughly -25% from its all-time high set in June this year.

If anything, the coin has been on a tear in the last 18 months.

( BNBUSDT )

As BNB rises, its ecosystem tokens also benefit.

Not just on price but activity, whose yardstick is the total value locked (TVL).

By mid-September, PancakeSwap, the top DEX by TVL on the BNB Chain, managed over $1.5 billion.

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It only trails Venus, a decentralized money market fund that controls $1.6 billion at press time.

While Venus leads, there is more activity on PancakeSwap.

Like Uniswap on other platforms, including the BNB Chain, PancakeSwap helps drive liquidity, permitting seamless and low-fee swapping of tokens.

While multiple projects conduct their IDO and list on DEXes, including PancakeSwap, for immediate liquidity, the platform is now innovating.

The Eigenpie IFO On PancakeSwap: Details

In a recent press release, PancakeSwap announced that it will  launch the first Initial Farm Offering (IFO) on Arbitrum, an Ethereum layer 2.

The IFO will allow investors to seek exposure in Eigenpie, a liquid restaking protocol on EigenLayer .

The platform wants to change how liquid staking is down. As such, it will allow users to restake their ETH or liquid staking tokens without losing liquidity.

The Eigenpie IFO will start on September 24 and last two days until September 26.

Through this crowdfund, the objective is to raise $60,000.

Accordingly, the protocol will offer 100,000 EGP, Eigenpie’s native token, to investors, each at $0.60.

However, PancakeSwap has been categorical that EGP tokens won’t be available for trading.

What’s more? EGP tokens bought will be released through a linear vesting lasting 18 months.

Those who want to participate can commit their CAKE tokens via a basic IPO.

Meanwhile, veCAKE holders can invest through a public IFO.

The move is massive for PancakeSwap.

It marks yet another dive into their ventures, which comprise yield farming, perps trading, and prediction markets.

Crypto All-Stars On Focus: Will STARS Outperform EGP?

While eyes are on the Eigenpie IFO, Crypto All-Stars is on focus.

The Crypto All-Stars presale is ongoing, raising over $1.39 million.

What’s unique about the project is its innovative staking platform, MemeVault, which is coded according to the ERC-1155 standard.

Through this solution, users can cheaply and conveniently stake their favorite meme coins, such as Dogecoin and Shiba Inu, without juggling between protocols.

As they lock up their meme coins, they earn STARS, the Crypto All-Stars native tokens.

Those who buy STARS for just $0.0014477 and stake them receive a four-digit yield of 1,077%.

But note this: staking APY will reduce as more STARS are locked in–so investors are urged to act fast.

Staking rewards will be from the 25% allocation of the total supply.

Security confidence is high since SolidProof and Coinsult have confirmed that Crypto All-Stars’ codes are fault-free.

STARS investors believe it will outperform EGP once the token lists on several DEXes after the end of the presale.

 

The launch of the MemeVault platform, which taps both meme coin culture and DeFi, will likely boost gains and reward early investors.

VISIT CRYPTO ALL-STARS HERE

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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.