Decentralized exchange PancakeSwap moves into GameFi

On May 29, decentralized exchange (DEX) PancakeSwap announced that it had actually released a new tower-defense GameFi video game in combination with BNB GameFi procedure Mobox. Dubbed “Pancake Protectors,” the video game enables gamers to utilize the DEXs native CAKE tokens to make in-game rewards.Utilities for CAKE tokens within Pancake Protectors include accelerating the level-up procedure, acquiring in-game currency, claiming CAKE heroes, staking CAKE to earn resources, and unlocking game levels. There will also be an in-game marketplace for trading CAKE heroes, which can be even more boosted by getting involved in lottery games yielding nonfungible token (NFT) upgrade rewards. Developers discussed the game as follows:” Adapted from MOBOXs MOland Defense Game, players presume the role of a commander to assemble hero characters across numerous levels and take part in a tower defense video game. CAKE hero characters are the most desirable characters in-game and can be acquired with CAKE tokens.In addition, gamers integrate their NFT with the in-game heroes and display it on their PancakeSwap profile. Pancake Protectors GameplayLaunched in 2020, PancakeSwap has become one of the most popular DEXs, with $462 billion in cumulative trading volume and over $2.5 billion in overall worth locked.In April, the DEX passed the Pancakeswap v2.5 tokenomics proposal to reduce its CAKE token inflation rate from over 20% to a target range of 3% to 5%. The cost of CAKE tokens subsequently plunged 36% in the previous month to $1.73 at the time of publication due to the lower worth of nominal CAKE staking rewards. Prior to the proposition, PancakeSwap ran a high-token-emission design to incentivize user adoption.Magazine: Huobi workers revolt, GameFi lives, Antminer on steroids