Just info for all of you : "Stake BNB to Earn Free Tokens!"

[Warkop]

Binance Launches $120,000 BNB Reward Pool on PancakeSwap - Stake BNB to Earn Free Tokens!

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

You can directly open the link from the source to see more info and how to participate.

 

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.

[MCobian]

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.

[MandatoryOption]

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.

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.

[Vishnu.Reang]

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.

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.

[totoy4741]

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.

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.

[kapalmabur]

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.

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

[nomenclatur]

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.

[tabas]

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.

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.

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.

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.

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.

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.

[zhea]

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.

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.

[fvb]

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.