Pancake Games has recently rolled out their very own native token, $GCAKE. Players have the opportunity to earn $GCAKE as a reward for their gaming efforts, or can opt to use it for in-game asset payments. In this article, we’ll delve into the primary functions and potential use cases of $GCAKE.
Overview of $GCAKE
GCAKE, the native token of Pancake Games, a blockchain gaming platform, provides its holders a range of perks. These include early access to NFT sales for new NFT games. In other words, simply holding GCAKE can lead to acquiring AL for new NFT games!
Moreover, Pancake Games strives to establish itself as the go-to platform for diverse blockchain games. This implies that GCAKE could become a practical choice for acquiring and utilizing tokens across a multitude of games, making it possible for gamers to participate in NFT games using just GCAKE.
Use cases of $GCAKE
The details of the use cases of $GCAKE have not been disclosed, but according to the white paper, it seems that it can be used in the following ways:
- Purchase NFTs
- Pay platform fees
- Support pro gamers
- Stake and acquire governance tokens
The white paper states that by staking a certain amount of GCAKE, you can get the governance tokens. Information regarding the governance tokens has not been made available.
Tokenomics of $GCAKE
- Symbol: GCAKE
- Maximum supply: 10 trillion
- Platform: ERC20/BEP20
There will be no further issuance of GCAKE, and the overall supply will remain fixed.
Numerous tokens released in recent years have been structured with an inflationary model that may result in selling pressure both in the short and long run. In this regard, GCAKE distinguishes itself with a unique burn mechanism that aims to promote deflation, a crucial feature.
According to the white paper, the Pancake Games team believes that the demand for tokens created to mitigate selling pressure, similar to Bitcoin and Ethereum, will continue to grow!
How to buy $GCAKE
There are mainly four ways to purchase GCAKE:
＜DEX＞
- SushiSwap (ERC20)
- Pancake Swap (BEP20)
＜CEX＞
- MEXC
- Bybit
When swapping tokens with ERC-20 standards like Ethereum, you should use SushiSwap. In contrast, Pancake Swap should be used for swapping tokens with BEP-20 standards like Binance Coin. Detailed instructions for purchasing can be found in the relevant articles.
If you’re new to swapping tokens, we recommend starting by creating a MetaMask account. For step-by-step instructions, kindly check here.
How to Purchase $GCAKE on DEX: Part 1 – Sushiswap
To purchase $GCAKE on Sushiswap, follow these steps:
- Prepare Ethereum (ETH) on Metamask
- Access SushiSwap
- Import GCAKE to SushiSwap
- Swap ETH for GCAKE
For more detailed instructions, please refer to “How to Purchase $GCAKE on Sushiswap”.
How to Purchase $GCAKE on DEX: Part 2 – Pancake Swap
To purchase $GCAKE on Pancake Swap, follow these steps:
- Add Binance Smart Chain (BSC) to Metamask
- Prepare Binance Coin (BNB) on Metamask
- Access PancakeSwap
- Import GCAKE to PancakeSwap
- Swap BNB for GCAKE
For more detailed instructions, please refer to “How to Purchase $GCAKE on Pancake Swap”.
How to Purchase $GCAKE on CEX: Part 1 – MEXC
To purchase $GCAKE on MEXC, follow these steps:
- Open an account on MEXC
- Purchase with credit card / Buy stablecoins (USDT) and purchase GCAKE
For more detailed instructions:
How to Purchase $GCAKE on CEX: Part 2 – Bybit
To purchase $GCAKE on Bybit, follow these steps:
- Open an account on Bybit
- Purchase with credit card / Buy stablecoins (USDT) and purchase GCAKE
For more detailed instructions:
