📣Informing about pancakeswap news

📣Informing about pancakeswap news

PancakeSwap, a decentralized exchange on Binance Smart Chain, will move to V2, moving smart contracts to new, enhanced contracts. It added that after the move, it will change the fee structure and increase the benefits of CAKE holders who can go and vote. The questionnaire has the following options:

1) Split – 0.22% trading fee divided as follows:

0.15% for LP Token holders, 0.03% for Treasury, 0.02 percent and 0.02 percent for distribution to LP Token holders.

2) Burn – 0.22% trading fee divided as follows:

0.15% for LP Token holders, 0.03% for Treasury, and 0.04% for CAKE buyback and CAKE burn.

3) Big split – 0.25% trading fee divided as follows

0.17% for LP Token holders, 0.03% for treasury, 0.025 percent for CAKE buyback and burn CAKE, and 0.025 percent for distribution to LP Token holders.

4) Big burn – 0.25% trading fee divided as follows:

0.17% for LP Token holders, 0.03% for Treasury, and 0.05% for buy back CAKE and burn CAKE.

After the data has been migrated Via PancakeSwap Rewards will be stopped with old tokens, so it is necessary to move to a new farm for future rewards. To do this, do the following:

1) Unstake LP Token issued

2) Separate liquidity from old LP Token.

3) Increase liquidity to get new LP Token.

4) stake into a new farm

If the PancakeSwap LP Token is used with other BSC projects, Pancake is now in talks to prepare to migrate to other BSC projects.

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