CAKE holders, today we are super happy to be able to offer you a new τDOGE Syrup Pool from Bitcoin Standard Hashrate Token, a native Binance Smart Chain project that brings hashrate assets to DeFi.
Stake CAKE tokens to earn τDOGE tokens!
Total Tokens: 1,500,000 τDOGE
Distribution duration: 60 days
Start block: 7484000 (approx. 9am UTC on May 17th)
Finish block: 9212000 (approx. 9am UTC on July 16th)
Token rewards per block: 0.868 τDOGE
In order to host the τDOGE Syrup Pool, we will need to provide a τDOGE-BNB farm that will have 2x CAKE rewards for the first 48 hours and then 1x CAKE rewards after that.
As usual, it needs to be approved via a vote.
Why do we need a vote? Since it dilutes rewards, the chefs want BSC’s greatest community to make the decision themselves.
τDOGE is a synthetic Dogecoin that is derived from Bitcoin mining power in the form of BTCST. The price of τDOGE is pegged 1:1 to that of Dogecoin in accordance with the price pegging mechanism of the Tau Protocol and BTCST’s STP 8: Restorative Rebase. The underlying collateral backing τDOGE is provided by institutional miners representing 12% of the entire Bitcoin hashrate. τDOGE will enable a variety of DeFi use cases and can currently be mined with BTCST.
To learn more about BTCST, the chefs advise you to visit their official communication channels:
If you own CAKE tokens, congratulations! You’re the master of your … pancakes.
Time to step up your taste buds by learning how to stake CAKE with Syrup Pool.
BEP20 τDOGE will also be circulating and transferable on BSC when we start the Syrup pool, so you will be able to harvest your τDOGE tokens and trade on PancakeSwap at any time!
The official τDOGE token contract address on Binance Smart Chain is:
Any other τDOGE tokens will be a scam and will result in a financial loss for users. Do not buy tokens from any other token address. Always verify the token address before purchasing tokens. If you receive airdrops from another address for τDOGE tokens, they will be rotten tokens (but not the cool kind!), and we advise you to ignore them.
Chef Hops 🐰