• 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

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Bitcoin Hyper (HYPER) Introduces Speed to the Original Blockchain

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Bitcoin Hyper (HYPER) is recognized for its Layer2 scaling solution that enhances Bitcoin's transaction speeds.
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Nguyen Van Long

Tech Leaders Unite Against Proposed Wealth Tax in California

Tech Leaders Unite Against Proposed Wealth Tax in California

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A coalition of tech industry leaders opposes a proposed 5% tax on California's wealthiest residents, fearing it could drive them out of the state.
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Tando Nkube

Concerns Over California's Proposed Wealth Tax and Its Economic Impact

Concerns Over California's Proposed Wealth Tax and Its Economic Impact

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Concerns about California's proposed wealth tax and its economic impact have led to discussions among tech leaders regarding potential adjustments to mitigate negative effects.
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Kofi Adjeman

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.