TRON Foundation’s TRX is back on PancakeSwap’s Syrup Pool, users can start earning TRX by simply staking CAKE tokens on the new TRX Syrup Pool that has $1 Million worth of rewards available and it is the simplest way to earn free tokens on PancakeSwap.
📢Great news for all #TRONICS!
— Justin Sun 🅣🌞 (@justinsuntron) July 18, 2021
Asides from earning TRX, users may also stake TRX-BNB to earn CAKE through the PancakeSwap farm, which is an alternative way to earn rewards on the said exchange.
What is PancakeSwap?
PancakeSwap is an automated market maker and a decentralized exchange launched last September 2020 that’s been created under the Binance Smart Chain and it allows users to exchange tokens, providing liquidity via farming and earning fees in return.
Such as the Syrup Pools where PancakeSwap users can stake CAKE to earn free tokens easily or they can go with the Yield Farms where they only need to do is start staking LP tokens to earn CAKE tokens.
The new @Tronfoundation Syrup Pool is live now!
🚀 TRX-BNB has also been boosted to 2x rewards for the next 7 days
— PancakeSwap 🥞 #BSC (@PancakeSwap) July 16, 2021
Aside from Syrup Pools and Yield Farms, users may also do swapping or trading without the need to go through a Centralized Exchange. They also provide Initial Farm Offerings (IFOs), which is an even that allows users to buy into a limited-time offer to purchase new tokens.
PancakeSwap also has a deflationary lottery held for users that have 10 or more CAKE tokens to participate and they also have NFT’s where users have the chance to win special non-fungible tokens created by the exchange plus they can trade it immediately for the CAKE value it represents.
Lastly, PancakeSwap has its own platform native token called CAKE tokens, which users get for staking their funds on the platform.
What is TRON?
TRON is a blockchain-based decentralized platform that was founded by Justin Sun. TRON aims to create a free, global digital content entertainment system with distributed storage technology and allows easy and cost-effective sharing of digital content. TRON is dedicated to building the infrastructure for a truly decentralized Internet.
After their announcement the other day, expect a lot of PancakeSwap users who would surely start staking their CAKE tokens to earn TRX and stake TRX-BNB to earn CAKE tokens in the following days.
For more news and updates, see Tron Spark.