As more and more cryptocurrencies are being introduced into the market, the digital assets sector is becoming more competitive. Every protocol tries hard to attract more users through new features and more use-cases. PancakeSwap is one such crypto protocol that is becoming more popular with every passing day. It is trying to grab the attention of consumers by offering them new products and features.
In a recent development, PancakeSwap has announced that it will be offering a new Syrup Pool from Highstreet to CAKE token holders. With the hype and popularity of the metaverse, Highstreet has gained more relevance in the crypto space. The Highstreet ecosystem offers gaming, NFTs, and shopping features to its users. It operates as a massive multiplayer online role-playing game (MMORPG).
Being a decentralized metaverse, Highstreet enables traditional and crypto brands to build their name in the ecosystem. It integrates a number of such brands. The platform has a native coin by the name of $HIGH. It supports the gaming network of the ecosystem and is used to distribute rewards and complete payments on the network.
Details of the new pool of PancakeSwap
The HIGH-BUSD Farm will offer increased rewards through the boosted project. It will turn into a 1x multiple for the first 48 hours and then after that, it will be at 0.5x. However, the multiplier can be adjusted during or after the boosted period time frame. The amendments depend on the performance of its peers, the average daily volume, two weeks volume, token issue, and so on.
In addition to this, there will also be a HIGH Syrup Pool. This pool will contain 168,600 HIGH tokens that could be earned by CAKE stakers. The distribution will take place over a duration of 60 days. It will start from February 25 till April 26. Stakers will be rewarded 0.09756 HIGH tokens per block.
Every staker will be allowed to stake a maximum of 100 CAKE tokens for the first 48 hours. Then after the launch of the Syrup Pool, unlimited CAKE tokens could be staked. This distribution is meant to give an equal opportunity to the CAKE community members so they can earn benefits from the high APY of the pool.
Further details are provided on the PancakeSwap website. The platform also warns its community members against phishing attacks and malicious airdrops that could lead them to financial losses. The website mentions the official $HIGH token address on BSC for the convenience of users.
