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  • 30d volume:$303.26B
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CakeTogether

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News

Kevin O'Leary Secures $28 Million Judgment in Defamation Case Against Ben Armstrong

Kevin O'Leary Secures $28 Million Judgment in Defamation Case Against Ben Armstrong

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Businessman Kevin O'Leary has won a $28 million judgment in a defamation case against YouTuber Ben Armstrong after Armstrong failed to respond to the lawsuit regarding false claims about O'Leary's involvement in a fatal boating accident.
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Elias Mukuru

Locked Ethereum Supply Influences Market Dynamics

Locked Ethereum Supply Influences Market Dynamics

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The increase in locked Ethereum supply is impacting market dynamics, reducing selling pressure and altering trading conditions.
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Diego Alvarez

Ethereum Staking Rate Reaches New Heights

Ethereum Staking Rate Reaches New Heights

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The Ethereum staking rate has surged to an all-time high, with over 30% of the total ETH supply now locked in staking contracts.
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Kenji Takahashi

What is CakeTogether?

Since the prize pot comes entirely from the staking rewards, the players never lose their funds!

CakeTogether is based on the no-loss concept (also called prize-linked saving accounts), the way it works is very simple:

  • Players get tickets (tCAKE tokens) by locking CAKE, the tokens are then deposited into PancakeSwap CAKE staking pool to earn staking rewards
  • The CAKE rewards generated by staking are all added to the prize pot
  • Every 7 days, a ticket (tCAKE) holder is randomly picked and wins the entire prize pot!
  • At any time, the players can withdraw ALL of their CAKE tokens by burning their tickets (tCAKE tokens). The only requirement is to hold your tickets for at least the duration of 1 round (7 days).

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.