• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
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CakeTogether

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News

World Liberty Financial Introduces Super Nodes for Token Holders

World Liberty Financial Introduces Super Nodes for Token Holders

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World Liberty Financial has launched Super Nodes, allowing token holders to gain voting rights and access to WLFI team members by locking 5 million tokens for six months.
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Gustavo Mendoza

Bonkfun Crypto Platform Hacked, Users Exposed to Wallet Draining Exploit

Bonkfun Crypto Platform Hacked, Users Exposed to Wallet Draining Exploit

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Bonkfun crypto platform confirmed a hack exposing users to a wallet draining exploit.
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Rajesh Kumar

Surge in XRP Withdrawals from Binance Indicates Long-Term Holding

Surge in XRP Withdrawals from Binance Indicates Long-Term Holding

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Surge in XRP withdrawals from Binance indicates long-term holding as investors move coins off trading platforms.
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Arif Mukhtar

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.