• PancakeSwap, a number one DEX on Binance Good Chain, has launched its personal crypto recreation, Pancake Protectors.
• Pancake Protectors permit gamers to make the most of CAKE and earn rewards whereas taking part in.
• Following the announcement, the worth of CAKE elevated by greater than 16%.

PancakeSwap, the main decentralized change on Binance Good Chain (BSC), has made a breakthrough transfer by releasing its personal crypto recreation, Pancake Protectors. The profitable launch of the primary DEX-backed GameFi platform has despatched the worth of CAKE skyrocketing.

On Might twenty ninth, PancakeSwap launched Pancake Protectors, integrating CAKE, the change platform’s native token, into gameplay. In response to the official weblog, the mixing of tokens into the sport will permit gamers to redeem his CAKE and earn rewards whereas taking part in.

After the announcement of PancakeSwap’s GameFi platform, the worth of CAKE skyrocketed inside hours. In response to CoinMarketCap, the token skilled an enormous achieve of greater than 16%, with the worth rising from $1.55 to its 24-hour excessive of $1.80. Nevertheless, CAKE skilled a slight pullback and is at the moment buying and selling at $1.73.

The sport’s launch marks a turning level for CAKE because it renews its optimism after months of losses. Particularly, CAKE was hit exhausting through the cryptocurrency winter, experiencing an astounding drop of over 96% from its all-time excessive of $44.18 in April 2021.

Pancake Protectors combines gameplay designed by MOLand Protection with gaming expertise powered by Mobox, the PvP GameFi protocol. It falls into the Tower Protection (TD) subgenre of technique video games, the place gamers defend their territory and possessions by strategically inserting defensive buildings on an assigned map.

Whereas some classify Pancake Protectors as a Play-to-Earn (P2E) recreation, PancakeSwap’s pseudonymous head chef, often called Mochi on Twitter, stated: To make clear This recreation doesn’t comply with the play-to-earn mannequin. “Our large purpose of reaching Ultrasonic CAKE means he’s not utilizing an inflationary mannequin that will increase CAKE emissions to drive development within the recreation,” Mochi stated. says.

PancakeSwap launched a beta model of Pancake Protectors on Might nineteenth, forward of the official launch on the mainnet. This allowed gamers to familiarize themselves with gameplay mechanics and options in preparation for the long-awaited debut.