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In collaboration with PancakeSwap, Binance will launch a $120,000 BNB rewards pool to further support the growth of Binance Smart Chain.
Activity Period: 2020/11/27 1:00 PM - 2020/12/27 1:00 PM (UTC）

*$100,000 in BNB to be farmed on PancakeSwap via Binance Smart Chain
Binance will provide $100,000 in BNB to be farmed on PancakeSwap’s Syrup Pool during the activity period using CAKE tokens.

Binance Smart Chain users will also be able to stake BNB to earn CAKE tokens from a $120,000 rewards pool.

*Additional $20,000 BNB Participation Airdrop
There will also be an additional prize pool of $20,000 BNB that will be equally split between the Binance Smart Chain wallets of all users that stake BNB to earn CAKE tokens within the activity period.

source : https://www.binance.com/en/blog/421499824684901288/Binance-Launches-$120000-BNB-Reward-Pool-on-PancakeSwap--Stake-BNB-to-Earn-Free-Tokens (https://www.binance.com/en/blog/421499824684901288/Binance-Launches-$120000-BNB-Reward-Pool-on-PancakeSwap--Stake-BNB-to-Earn-Free-Tokens)

 Will CAKE guarantee its value when people participate in this staking event? :-\
There have been quite a few Binance Staking events but most of the token's price only hype for a certain period of time and then a sharp drop leaving many investors unprofitable. Can you give me a reason to join? Currently I have nearly $ 900 idle and want to earn passive income even when I sleep.

It is unlikely that someone will give any guarantee in such a case. At this point, you have to think yourself whether it is worth getting involved with such an action or whether it is better to stay away. Although the offer looks very attractive.

One of the good facts about Binance platform is that, the team always try their best to support any of their features such that more activities can be realised on it, that is, ever since they launched their smart chain, they have been putting things in place to attract more users, at least this can be seen as a good example.
Nevertheless, I don't know much about this CAKE token and if it is worth staking your BNB for it. I mean, BNB is very valuable, but staking it for a token like CAKE, will the reward gotten be valuable and worthy of the time and effort invested? The reason for my thoughts is that, most times, most projects just use the Binance platform to create hype and nothing more, and once the aim has been achieved, one will realize that the token will find it hard growing. Therefore, I think one need to compare a lot of things to ascertain if the staking event is worthwhile at the long run.

The winners here are those people that own a lot of BNB. Last time, I was just reading an article from them on how to earn without trading.
And this one feature is part of it. This makes their coin valuable and worth it for the sake of other projects.

Despite it's a huge money $120,000 BNB Reward Pool to be distributed, i think the number of BNB holders is much more large so don't expect to get a big share unless someone is staking millions of dollars.


I agree with your point. It's quite clear that Binance keep supporting their token chain by lunching staking offers from time to time.
However, we don't see this support for other chains created by binance. We all know that binance has a list of its own tokens developped to be used within the different binance dapps like the USDC stable coin.

Are you sure about that? So what if you staking 1000 BNB and then the price of CAKE and BNB both go down? Then you cannot sell BNB because you have staking and CAKE is low value, then you only lose more and it takes a lot of time for your money to return.
Staking is also an investment, so I hope you will analyze carefully about CAKE as well as the market in the near future before making such a hasty decision.

I dont hope for bitcoin to crash again but if that happens anytime in the future, I will make sure I stack bnb.
I have also noticed recently that bnb doesn't dump much when there is negative reaction in the market, this is because most bnb in circulation are been stake and the quarterly burn.

If you are a whale, reconsider diversifying your portfolio with bnb, CZ never sleep  ;D ;D ;D

Honestly.

Do not buy and hold (or stake) a coin just because you may get some other random ones if you do.

Those CAKE tokens are worthless... You will probably get better returns just holding BTC.

If you want to hold more than just BTC try to make an smart portfolio, with good altcoins (ethereum for example). Do not buy any coins to receive airdrops.

BNB might be a good option, but do not buy it because you will get some 0.0001USD of CAKE coin.

well, I totally agree with what you say but you must know that it doesn't matter if you get a cake token because it's free and you only need to hold BNB, no need to trade and make BNB a long-term investment.

Just another way or strategy for pumping the price of BNB i think. It is good if the value of BNB is not that high because we can bought some for staking.

Only the whales will benefit from this kind of scheme as they are the ones holding so many BNBs.

I also thought the same way as you said when I saw OP.
Maybe Yes. but i don't think whales will take any special interest in this, They are already very rich and do not have much faith in such a scheme if they get this token as a bonus, then perhaps they will be happy

Those BNB holders can participate without spending anything to earn free tokens. So yeah, if you are a holder, why not stake your BNB and get free tokens, which may or may not be valuable in the market? Anyway, the limit per user is only 10 BNB. So it means, a lot can afford to join this activity. Either way, you will not lose anything.

Binance has been promoting different ways to increase the BNB marketcap. I had a few BNB worth $50 lying idle in my exchange wallets which I did not have any intention to sell or transfer to my personal wallet. I placed that sum of BNB in Binance flexible saving plan and I have been earning some interest and at the same time, I am also getting airdrop a few different tokens every day and every month. I plan to keep those BNB in their flexible saving plan for a year to see how much I earn and then I will surely create a topic on this board about it.

Indeed Very Attractive and Tempting But like what the First Post says In binance the Tokens will valuable in period of time and then will sharply fall and Investors will Remain earning Nothing and since this is staking same scenario i will expect.
I respect Binance exchange for their on Going Popularization and being active here and there but They have a Past Issue in regards of Pumping the Newly listed coins/token and then Dumping for a while.
So we can't blame people as they have Fear and questions that must be Answered and assured .

You must read the article again and you can see the reward will be on BNB and it will not use a new coin as the reward pool. You should not need to worry about the reward will be decreased or not.
It was using the major coin as the pool reward. That must be the main reason why you must join in the staking. You can try to earn both cake or BNB

That's what they are targeting for having that promotion attracting more whales so the price of BNB will push the price app. More supporters is good for the chain they are created they need it so that eth will not overtake them so much when ETH 2.0 is released.if there are more ways to make money with BNB more people will choose to hold it than to stake in ETH. but it still depends on the return that ETH will provide when the pos is running.

Such attractive reward for staking but seeing how much BNB holders out there and how active they are following such events people with small amount of BNB will definitely get peanuts so don't expect much.
Still an attractive offer and BNB have the tendencies of being stable and rather bullish not to mention this reward offered. Well, business always reward their customer who gives them the most profit. That's only natural.

Yeah right, it's intended to bring whales to ride with them, the more investment coming from this bag holders the better the value of the coin will be push, BNB team are well aware that with emotional traders this offer will be much easier. They can simply get the attention and the movement will surely take place.

You need to be ready and if you are going to take this investment make sure that you know how to ride and you are using
money that you can afford to lose.

I honestly don't have a lot of BNB in my personal wallet, but hearing CZ's plans to work with PencakeSwap seemed like a way to attract more market hype. especially for BNB holders in large numbers it is very feasible to bet the coins, maybe I will try my luck to get this free token.

I haven't traded on Binace for a long time and recently I have seen many new innovations released from the Binance exchange, for example as I see now, maybe I will try to trade on the Binance exchange again to make good use of this opportunity. Thank you for providing this information here, as I don't really know and don't follow any developments or information about the Binance exchange at the moment.

This is one of the reasons why Binance exchange is so popular with many people, because Binance often holds stake events.
Thank you for sharing this information, but the problem is that free tokens will be given whether the value is good or not.
This is sometimes like gambling when staking, because there is no certainty that Cake tokens will be profitable in the future.
It is possible that Cake tokens obtained from BNB stakes are another shitcoins.

As far as I know you can only stake a maximum of 10 BNB per address. So I don't think that this will have any impact on the price of BNB at all. It's been more a reason for a CAKE-pump because you also can stake cake and earn BNB.

This one is not going to be any different from the previous ones. In all probability, once the initial hype settles in, the prices are going to nosedive. So in real worth, you may end up with negative returns to your investment. I have noticed this with most of the staking offers. If you believe that this one is going to be different, then you are free to make your investment. After all, it is your money.

The price has not change or made any significant changes
Bif you really want to earn from pancakeswap you wait for second IFO, where you have to put Cake/BNB liquidity pool in order to earn certain amount of token that is having an IFO. The first one (BLINK) was successful raising over a million while giving out millions of BLK token to those who participated in cake/bnb LP during the IFO.

If you enter the Binance exchange, it is clear that Cake token has a good prospect,
so don't miss the free token for BNB holders, especially now that BNB has a low price on the BTC pair

I have been disappointed that following the staking program at Binance Smart Chain, I have experienced a loss of 0.7 binance coins due to the staking system at bscwap so I am quite hesitant to invest in Binance Smart Chain, I hope there is no more dumping price when I get this coin cake because some coins are on Binance Smart The chain has dumped the price several times, making investors somewhat hesitant to return to investing in quite a large risk because it is not certain that all projects will keep the price better, on the contrary, the price will continue to fall, the average of new projects in Binance Smart Chain.

It's how they make their own token to have a continuous flow in the market. This is their use case and other token projects are also being helped by them. For Binance that's a win, for their tied up projects, a win as well but in the long run we don't know.
What I'm saying are those BNB holders. I haven't explained that they can take advantage of whatever Binance is up to. This cake staking is just one feature that they have and I think there will be other projects like this that they'll be advertising and supporting soon.

For me this is some sort of a pump and dump scheme so be aware if you want to be in this scheme. No matter how they said it, only those whales that holds a lot BNB would be on the profit on this kind of strategy and we will be on the loss if we don't have that much money.

Interesting offer.  Only recently added the network to metamask.  I decided to use and study Pancake swap more.  Binance does not stand still and constantly comes up with something new.  This really got me interested.  We will study everything thoroughly.