The Polkamon (PMON) token officially joins the PancakeSwap platform today. PancakeSwap has launched a PMON-BUSD farm and PMON staking pool as of 5AM UTC. The new token pool and farm was voted on and successfully passed by the community. Users can provide PMON-BUSD pairs to fund the liquidity farm, allowing users to exchange the token. CAKE token holders looking to take advantage of staking for the token can add CAKE to the provided staking pool. Starting May 17, the farm will have 1x CAKE rewards for the first 48 hours, then 0.5x CAKE rewards starting May 19.
The PMON staking pool will be active until July 16, distributing a total of 21,800 PMON tokens via staking. Users can take advantage of the farm and staking pool by either purchasing PMON-BUSD LP, or by staking CAKE to the PMON staking pool.
To access the new pool and farm, visit the PancakeSwap website. MetaMask and the Binance Chain Wallet are both recommended for connecting funds to the website, and can be installed to most major web browsers.
The day prior to the listing, the PMON token traded at $11.85 per token. The 24-hour period beforehand had the token up by over 27%, while the token remains down 10% for the last 7 days. The token price is expected to continue its increase from the PancakeSwap listing.
