PancakeSwap Launches Tower Defense Game—With CAKE Token Rewards

Let the CAKE games begin!

Pancake Protectors, an immersive tower defense game, has been launched by the decentralized cryptocurrency exchange (DEX) Pancake Swap. 

The beta version emerged last week, but today marks the official launch on Mobox, a player versus player (PvP) Gamefi platform on Binance chain.

According to the DEX’s official blog, today’s big news is the integration of the platform's native token, CAKE. Pancake Protectors will allow players to earn the asset while playing. 

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Decentralized cryptocurrency exchange PancakeSwap announced Saturday that a new version of its application is rolling out to users next month on BNB Smart Chain. “The new features we're introducing will offer our users an even better experience and help make DeFi accessible to more people than ever before," said Mochi, the pseudonymous head chef of PancakeSwap. The launch of PancakeSwap V3 is slated for the first week of April and will be accompanied by a suite of upgrades to the service, such a...

There are a number of benefits and utilities players will be able to access when using CAKE in Pancake Protectors: claiming game heroes, recharging certain in-game resources, unlocking new levels that will in turn deliver extra rewards, and staking the token to earn additional in-game assets.

Pancake Swap allows for cryptocurrencies to be traded without a centralized authority, allowing for self-custody at all times. It runs on Binance’s Smart Chain, although it also allows for interoperability with assets on other chains.

Pseudonymous head chef of Pancake Swap, Mochi, did clarify on Twitter that this game is not play-to-earn, due to the platform avoiding the use of inflationary models to drive the game’s growth. 

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PancakeSwap’s native token has been flattened this past week. CAKE token has plummeted roughly 24.4% over the past seven days, per CoinGecko, as a proposed change to the project’s tokenomics looms large. PancakeSwap is a decentralized exchange (DEX) built on the BNB Chain. The project recently forked Uniswap V3’s code and launched its version on Ethereum and Aptos. The core team introduced the proposal to reduce the token’s inflation rate to 3-5% from the current rates above 20%. In plain Englis...

We are “proud to collaborate with Mobox to deliver a fun and exceptional game experience.” Mochi tweeted, noting that the integration and subsequent launch of Pancake Protectors is "experimental.” He added that they will be closely watching the community’s reaction to see if games are a good fit. 

The platform was in the news earlier this month thanks to their latest upgrade, Pancake Swap Version3, which promised more competitive trading fees and improved liquidity provisions, according to a press release. 

A DEX launching its own tower defense game may be unexpected, but it is bringing a new facet of Web3 to the large swaths of users that are already using Pancake Swap.