PancakeSwap DEX launches CakePad to provide early access to new token listings.

PancakeSwap, the largest decentralized exchange on BNB Chain, has launched CakePad, a platform that provides early access to new tokens without the need for staking, locking funds, or listing on the exchange beforehand. Replacing Initial Farm Offerings (IFO), CakePad allows any wallet to "commit CAKE" during the sale and then receive new tokens.

Unlike other early access platforms, CakePad focuses on permissionless, unlimited participation and burning fees when sales exceed thresholds. PancakeSwap confirms that 100% of participation fees will be permanently burned, supporting a deflationary token mechanism. Tiered taxation will apply when sales exceed thresholds, decreasing as demand increases. This is part of CAKE Tokenomics 3.0, aimed at increasing token utility and reducing supply, with a goal of 4% reduction per year and 20% by 2030. Previously, PancakeSwap led the DeFi trading volume and reached $79.8 billion.