Pancakeswap is one of my best DEX platforms. It’s on the Binance SmartChain and am sure it’s one of the most used defi platforms on the Binance smartchain. Pancakeswap is looking forward to expanding their use case and utility by jumping on the NFT train. As we all know, NFT is the trending money making opportunity right now. We saw the price of CAKE token skyrocket from its initial release to $40 when people started embracing Defi. What do you think will happen to the price after they launch their NFT market place.
Pancakeswap announced it on the 8th of September 2021 that we should expect the NFT market place and NFT launch on the 22nd of September. The use case of the cake token has increased because minters will need Cake token to mint these NFTs. Lots of people have set a reminder and alarm to mint their NFTs during this launch. 22nd Of September is just close by, if you are a fan of NFTs, you can consider minting some.source
Not Financial Advise
The anticipation is high from their users. I’m among the users that is interested in minting. I will like to mint some NFTs also, although details on how to mint is not out yet(none that I know of). The price of cake token is expected to have a big boost because all the fees that will be generated from the market place is expected to be used to buy back and burn the Cake token. source
I’m feeling really grateful for staking my cake token on the cubdefi and earning some extra cake token in the kingdom vault.
These are some of the NFTs.