Tuna Chain is a modular Layer 2 solution that functions on Bitcoin while also integrating with Ethereum. Learn more about how it works in this article.

 is rightfully known for its security through its use of 

 offers greater versatility. Until recently, blockchain projects had to choose between the two. Now, however, a hybrid solution is available that blends the benefits of both of these leading blockchains and takes a bold leap into the future.

 that functions on Bitcoin while also integrating with Ethereum.

) is strongly rooted in elevating the user experience (UX). Bitcoin is the most trusted cryptocurrency, largely due to the recognized strength of its security protocols. However, while it excels in security, it lacks the versatility that ultimately fosters innovation. In this regard, Ethereum is viewed as a superior blockchain. 

Tuna Chain’s modular Layer 2 solution works on Bitcoin through a 

 hybrid layer while offering Ethereum functionality. It uses 

-powered modularity to minimize transaction costs. At the same time, this modularity improves both trust and efficiency. Tuna Chain currently supports Solana, Ethereum and Bitcoin transactions. It works with Bybit, Phantom, MetaMask, UniSat Wallet and OKX Wallet.

Tuna Chain is a new project that was established by three unknown individuals, known under the names of Tuna Nigiri, Tuna Sushi and Tuna Sashimi. Each team member brings their unique experiences and knowledge with blockchain, cryptography and 

 to move Tuna Chain forward. Tuna Chain is financially supported by BSC News, Normie Capital, Serafund, ArkStream Capital, Cogitent Ventures, MH Ventures and other angel investors. After its Ocean Festival and Ocean Trio, Tuna Chain now has over 1.3 million wallets connected on the Tuna Chain Testnet, with a total 

The purpose of Tuna Chain is to bridge the gap between Bitcoin and Ethereum. Although Bitcoin’s chain boasts superlative security, it lacks the versatility that Ethereum’s 

 provides. As a hybrid Layer 2 solution, Tuna Chain’s primary goal is to blend the two. By doing so, its founders want to push the envelope on the future of blockchains and provide a better UX.

Tuna Chain’s functionality is based on three core features: the Toro native 

, Celestia-powered modularity and a hybrid ZK-OP layer. With the Toro stablecoin, users can purchase new digital assets through the overcollateralization of their BTC supply. Meanwhile, Celestia-powered modularity improves data availability, and the ZK-OP hybrid layer executes smart contracts with fast, secure transactions.

Rollup Solutions and Operational Mechanism of Bitcoin Layer 2

Layer 2 solutions similar to those found on Ethereum enhance Bitcoin's scalability, using technologies such as 

 (ZK). Tuna Chain enhances Bitcoin's transaction capacity by integrating optimistic rollup technology into its Layer 2 framework.

Securing Native Assets on Bitcoin: Leveraging Taproot's Upgrade

 upgrade into the Bitcoin network marks a significant advancement in the security of its native assets. This update incorporates advanced cryptographic techniques, such as Schnorr Signatures, MAST and Tapscript. To further secure these assets, Tuna Chain has implemented a multisignature security model and is exploring the addition of external validators to its network security protocols.

Tuna Chain processes transactions through a detailed system that begins with the precise arrangement and execution of transactions. These are then reliably recorded on 

's data availability layer and conclusively verified on the Bitcoin blockchain. Verifiers are essential to the chain's integrity, quickly producing fraudproofs to address any transaction discrepancies and ensure the network remains secure and reliable.

Tuna Chain is a next-level Layer 2 solution that moves blockchain into the future. Each of its core features provides unique benefits to support a superior UX. 

Tuna Chain uses Celestia-powered modularity to optimize its Layer 2 functionality. Specifically, this modularity is supported by Layer 2 data management that enhances trust, improves efficiency and reduces transaction fees.

The ZK-OP Layer is Tuna Chain’s hybrid Layer 2. This layer utilizes a dual-phase architecture that integrates Ethereum’s benefits with those of Bitcoin. By doing so, it empowers smart contracts and accelerates secure transactions.

 is a grand opening event celebrating Tuna Chain’s launch. During this grand opening, the first round of TUN tokens will be distributed. Distribution cap for this initial release is based on 

 growth driven by the community, and could range between 2% and 21%. The token supply increases by 2% as each new milestone is achieved.

, the setup experience for new community members, consists of Calm Waters, Whimsical Tides and Majestic Depths. With Calm Waters, new users can receive 60 points for following Tuna Chain on social media and linking their wallet. Additional points are available by referring friends to Tuna Chain. Whimsical Tides, the testnet phase, is still in development along with Majestic Depths.

In the first quarter of 2024, Tuna Chain successfully completed several milestones, including the launch of the Tuna Testnet — Alpha, Ocean Trio Points campaign, Ocean Festival (which highlights the TVL) and the rollout of the TunaChain Explorer. 

Moving into Q2 2024, progress is ongoing with significant developments. Tuna Chain’s team is currently deploying an optimistic rollup (OP)-based Mainnet, establishing a native bridge from Bitcoin to the Tuna Mainnet, launching a Mainnet decentralized exchange (

), and developing a modular data availability (DA) layer.

Tuna Chain functions with three primary tokens: TORO, TUNA and WOOG. Each serves a different and integral role.

TORO, Tuna Chain’s native stablecoin, helps users transform their BTC into their choice of high-yield digital assets. This is accomplished seamlessly and with full transactional stability. The user doesn’t need to liquidate the BTC to complete the transaction.

 of Tuna Chain, is used for various purposes, such as revenue generation, funding builders and contributors, benefiting token holders, incentivizing users and community members, and promoting community engagement within the Tuna Chain ecosystem.

TUNA has a total token supply of 210,000,000.

 token that acts as the primary ticket into the Tuna Chain ecosystem. Only 200 of 1,000 available WOOG tokens were distributed at the BRC-20 Launchpad event. The remaining WOOG will be distributed only when they’re activated by external forces.

Looking to get your hands on the TUNA token? Bybit will soon offer it via our 

In the meantime, you can also purchase TUNA through 

WOOG tokens grant access to the Tuna Chain ecosystem. Of the total supply of 1,000 tokens, only 200 are currently scheduled to be released. These tokens are exclusively available through the 

. There’s a purchase limit of one WOOG token. While 800 WOOG tokens will remain, they’re sealed, and their release isn’t scheduled. You must have an active Bybit account with a funded wallet to participate in the event. 

TUNA tokens play a fundamental role in governance of the Tuna Chain’s unique hybrid Layer 2 chain, designed to deliver the benefits offered by both Bitcoin and Ethereum. Tuna Chain is presented as the future of blockchain, and is poised to change the blockchain landscape in exciting ways, which could place a premium on TUNA tokens. 

As an investment, TUNA should be purchased conscientiously because the value of the tokens will decrease when additional tokens are released, even for a short period of time. In addition, all cryptocurrencies are speculative in nature, with a risk of partial or complete loss. Therefore, 

 cryptocurrencies before making an investment.

Tuna Chain is a hybrid Layer 2 solution that provides a much-needed service in the blockchain world. By bridging the gap between Bitcoin and Ethereum, it allows users to enjoy the best of both worlds. In doing so, it has the potential to move the dial forward significantly in blockchain technology. Moving forward, Tuna Chain is a platform worthy of attention.

Intermediate

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Tuna Chain (TUNA): Reinventing Bitcoin With a ZK-OP Approach

Notable Ethereum Spot ETF applications have come from high-profile issuers that received approval for Bitcoin Spot ETFs earlier this year. Learn more here.

The cryptocurrency landscape could be on the brink of a major shake-up as several Ethereum spot exchange-traded fund (

) applications await regulatory approval. These financial instruments promise to bridge the gap between traditional investment markets and the fast-growing world of digital assets, offering investors a regulated and accessible means for gaining exposure to 

This article explores the top pending Ethereum Spot ETF applications, exploring their significance, potential impact on the market and implications for the broader adoption of cryptocurrencies.

What Is an Ethereum Spot ETF Application?

An Ethereum Spot ETF application is a filing submitted to regulatory bodies, such as the U.S. Securities and Exchange Commission (SEC), to list an exchange-traded fund that tracks the price of Ether (ETH), allowing investors to gain exposure to the cryptocurrency without directly holding it.

How Does an Ethereum Spot ETF Application Work?

An Ethereum Spot ETF application is a formal request by a financial institution to gain regulatory approval to offer a financial product that tracks the price of Ether (ETH), the second-largest cryptocurrency and the token of the Ethereum network, in real time. 

Investors can participate in the ETF by purchasing shares through their brokerage accounts. This way, they can gain exposure to Ether's price movements without the complexities associated with directly buying or holding the cryptocurrency. The ETF provider assumes responsibility for securely holding the Ether, managing the fund's day-to-day operations and ensuring ongoing compliance with regulatory requirements.

Current Ethereum Spot ETF Application Landscape

, Fidelity, VanEck and ARK 21Shares have all thrown their hats into the ring by submitting applications to the SEC for approval. These particular issuers have previously applied to run Bitcoin Spot ETFs that are currently approved and trading.

However, the SEC has pushed back on the recent Ethereum Spot ETF applications, prolonging the decision-making process. They've also sought public feedback in order to gauge whether the arguments supporting the approval of Bitcoin Spot ETFs are applicable to Ethereum Spot ETFs as well.

Anticipation has continued to build with the approach of the final deadlines for the SEC's decisions, set for between May 23 and Jul 5, 2024 for various applicants. The SEC's review process involves assessing factors such as the potential for market manipulation and the resemblance between Ethereum spot and futures exchange-traded products.

The outcome of these applications holds significant weight, as it could shape the future landscape of cryptocurrency investment vehicles and play an important role in driving broader adoption of Ethereum within traditional financial markets. Investors and observers alike are closely monitoring these developments, recognizing their potential to influence the trajectory of both Ethereum and the wider crypto market.

Top High-Profile Ethereum Spot ETF Applications

Several high-profile financial institutions have applied for Ethereum Spot ETFs, reflecting a growing interest in cryptocurrency investment products. Following is a list of some notable contenders.

BlackRock, a global investment giant and the world’s largest asset manager, submitted its 

 Ethereum Trust, in November 2023. However, the SEC postponed its decision to late January 2024 and again to March. The SEC is currently seeking public comment on the application, particularly concerning Ethereum’s susceptibility to fraud, and has delayed its decision until Jun 11, 2024.

Franklin Templeton, another major player in the investment world, 

 for an Ethereum Spot ETF in February 2024, making it the latest contender to join several other firms in the race. The SEC has delayed the deadline to June 2024 to rule on the firm’s application. If approved, the fund will be listed on the Chicago Board Options Exchange as Franklin Ethereum ETF.

Known for its ETFs and mutual funds, investment management firm VanEck has expressed doubts about the SEC's approval of its Ethereum Spot ETF application, 

 in July 2021. Although the SEC’s decision is expected in May 2024, VanEck’s CEO has voiced his skepticism of approval by the May 23, 2024 deadline, citing the regulators' ominous silence. Notably, VanEck holds the distinction of being the first investment management firm to file an ETH Spot ETF application in the United States.

21Shares specializes in cryptocurrency exchange-traded products (

), while ARK Invest focuses on thematic investing. The two firms 

 for the ARK 21Shares Ethereum ETF in September 2023, with the SEC expected to decide by May 24, 2024. The application has been 

 to include a cash-creation model, and has proposed plans to stake a portion of the ETF’s Ether for generating additional income.

A global asset manager focused on cryptocurrencies, Hashdex 

 with the SEC in September 2023 to list and trade shares of the 

 its decision on the application, with a verdict expected by late May 2024.

Grayscale is the world’s largest digital currency asset manager, with a range of investment products that provides exposure to cryptocurrencies and the digital currency asset class. The firm 

 its Grayscale Ethereum Trust into an Ether Spot ETF in October 2023. The SEC extended the review period, setting a new deadline for June 2024. 

Invesco, an investment management firm, has partnered with Galaxy Digital, a diversified financial services firm, to create a 

 for an Ethereum Spot ETF to be named the Invesco Galaxy Ethereum ETF. The SEC's decision, expected in December 2023, has been 

Fidelity Investments is a major financial services corporation with a global presence and millions of customers. Fidelity first filed for an Ethereum Spot ETF in November 2023. It later 

 its application in March 2024 to include ETH staking, which would allow investors to earn additional income from staking rewards. The SEC has set a deadline of May 23, 2024 to approve or deny the application.

What Could Happen If an Ethereum Spot ETF Application Is Approved?

The approval of an Ethereum Spot ETF application holds significant implications for the cryptocurrency market.

Approval of an Ethereum Spot ETF could mark a significant milestone for the crypto market. It would greatly improve Ethereum's accessibility, bolster market confidence and potentially drive up Ether’s price. In addition, such an approval would represent a new milestone in cryptocurrency adoption, providing investors with a regulated and easy avenue for investing in Ethereum. Nevertheless, regulatory hurdles and market volatility are variables that could influence the timing and magnitude of the approval of the pending applications.

ethereum spot etf applications featured image

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An Overview of the Top Pending Ethereum Spot ETF Applications

Stripe is reentering the cryptocurrency market by allowing merchants to accept payments in USD Coin (USDC) on Ethereum, Solana, and Polygon networks

The SPX index is down 0.46%, influenced by disappointing economic data indicating a slowdown and persistent inflation, along with poor earnings from companies such as Meta Platforms and IBM. The broader cryptocurrency market is up, with Bitcoin and Ether rising by 1.12% and 1.45%, respectively in the past 24 hours.

Today’s outperformer is W, which jumped 16.1% after Wormhole launches Native Token Transfers for seamless W token interoperability across blockchains.

Wormhole (W), launched in 2020, is a cross-chain protocol that facilitates communication and token transfers across over 30 blockchain networks. Originally a crypto bridge between Solana and Ethereum, it has expanded to include features like the Portal token bridge and messaging protocols, serving as a comprehensive platform for cross-chain interactions. Wormhole has launched Native Token Transfers (NTT) to enable seamless transfers of the W token across blockchains like Solana and Ethereum without needing liquidity pools. This innovation supports Wormhole's introduction of a multichain governance system and W staking, enhancing the token's functionality and security across diverse ecosystems. NTT marks a key step in Wormhole's roadmap, advancing its commitment to interoperability and decentralized, flexible token usage.

Check Out the Latest Prices, Charts, and Data of 

Stripe is reentering the cryptocurrency market by allowing merchants to accept payments in USD Coin (USDC) on Ethereum, Solana, and Polygon networks starting this summer. Originally, Stripe accepted Bitcoin in 2014 but discontinued this option in 2018 due to increasing costs. The new initiative will support USDC transactions that are automatically converted to fiat currency for merchants, aiming to enhance global payment accessibility, particularly for those without traditional banking facilities. This marks Stripe's continued interest in the evolving potential of cryptocurrencies.

Bitcoin's price showed volatility near $64,000, influenced by reduced ETF inflows and a market tug-of-war. U.S. inflows slowed, ending a streak for BlackRock’s iShares Bitcoin Trust. Meanwhile, Morgan Stanley may soon enable direct broker recommendations for Bitcoin ETFs, potentially increasing demand. In contrast to U.S. regulatory hesitations, Hong Kong is launching three spot BTC ETFs. Despite these fluctuations, Fidelity Digital Assets remains optimistic, citing an increase in smaller Bitcoin wallets as a positive indicator of broader adoption.

The Aethir Cloud Drop campaign features an airdrop that is accessible through various activities, including purchasing Aethir Checker nodes, engaging on social media, participating in quizzes, referring friends, and being part of certain NFT/token communities. Eligibility for the airdrop is determined by a badge and quest system. More details are provided on their website and Twitter page.

Beginner

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Stripe Reintroduces Crypto Payments with USDC Support on Multiple Blockchain Networks

Merlin Starter (MSTAR) is an IDO launchpad and accelerator dedicated to supporting Layer 2 projects for Bitcoin native asset applications.

Over the last couple of years, projects aiming to develop the wider Bitcoin (

) crypto ecosystem have been gaining more attention in the crypto industry, taking some focus away from 

-based initiatives. With the arrival of projects such as 

, one might even say that the Bitcoin ecosystem is experiencing a kind of innovative development that characterized Ethereum's heyday between 2015 and 2020.

Among the projects driving this phenomenon are Merlin Chain (MERL) and its integral Merlin Starter (MSTAR). Merlin Chain is a Bitcoin Layer 2 (L2) platform committed to supporting utilization and enhanced liquidity for Bitcoin native assets, while Merlin Starter, a Bitcoin-focused 

 and L2 project accelerator, is a core part of the wider Merlin ecosystem,

 (MSTAR) is an IDO launchpad and Layer 2 accelerator dedicated to supporting promising Bitcoin-focused decentralized projects.

 It's an integral part of the L2 Merlin Chain (MERL), designed to facilitate a seamless flow of Bitcoin native assets across various protocols in the Bitcoin ecosystem. Merlin Starter aims to support projects dedicated to enhancing the circulation and liquidity of Bitcoin native assets, both on Merlin Chain and across a variety of Bitcoin-focused protocols and networks.

Founded in 2023, the Merlin project launched its operations in early 2024, with Merlin Starter's native MSTAR token debuting in mid-April 2024.

Merlin Starter is made up of two main components — an 

 launchpad and a Bitcoin Layer 2 project accelerator. Additionally, the 

 NFT collection is a critical element within the project's ecosystem.

The IDO launchpad on Merlin Starter facilitates the launch of projects dedicated to native asset issuance, enhanced 

 and free asset circulation for the Bitcoin ecosystem. It's the first native launchpad of the Merlin platform. The launchpad also supports new projects that explore cross-chain functionality and focus on enabling Bitcoin native assets across different platforms.

As of late April 2024, the launchpad is still in the early stages of its operation, but already lists a couple of initial projects that it’s helped to launch. The most recent of these is Sparkle (FCFS), a gamified astrology app.

The Merlin Starter launchpad offers a number of different token launch modes, including 

, oversubscription lotteries and allocations based on preset weightings. A variety of token standards are supported, including the highly popular 

 and ERC-20 as well as the less common BRC-420, ERC-404 and Atomicals (ARC-20). Standards supporting cross-chain assets may also be available. 

Merlin Starter’s IDO launchpad also features an insurance protocol that helps protect investors from either 7-day or 14-day loss.

While the Merlin Starter IDO launchpad is dedicated to facilitating the launch of new tokens, its accelerator is an initiative aimed at providing consultancy and support to L2 apps and protocols at the pre-launch stage, as well as in the critical post-launch period.

Via the accelerator, the Merlin Starter team offers multidisciplinary consultancy services in areas such as technical support, marketing strategies and initiatives, human resources and 

Merlin's Spellbook is an NFT collection issued by Merlin Starter. Spellbook NFTs grant holders eligibility for a 20,000,000 MSTAR token airdrop, should they choose to stake the NFT. Staking a Spellbook NFT in exchange for MSTAR locks the NFT, and the NFT is subsequently burned. As an NFT staker, you may also qualify (depending upon random selection) for IDO whitelist entries.

At the center of the wider Merlin ecosystem, Merlin Chain is an L2 platform dedicated to enabling cross-chain applications utilizing Bitcoin native assets. Although it operates as a dedicated Bitcoin L2 network, Merlin Chain also offers 

 (EVM) compatibility in order to better support cross-chain use cases.

 network, which allows it to achieve significant scalability and cost efficiencies. The average block time on the chain is less than one second, while the average transaction fee is measured in tiny fractions of a cent.

Merlin Starter's native crypto, MSTAR, is a recently launched token (April 2024) that’s used for the following functions on the IDO launchpad:

The token's maximum and total supply is 1 billion. Supply allocation shares for MSTAR are shown in the chart below.

You can buy the MSTAR token on Bybit through a Spot pair with USDT (

). Additionally, you can join Bybit's MSTAR campaigns to grab a share of the 

The first campaign, MSTAR Community Airdrop Quest, runs through May 10, 2024, 8AM UTC. It’s offering a total prize pool of 8,900,000 MSTAR, featuring a 7,000,000 MSTAR community airdrop, a 1,000,000 MSTAR referral prize pool and an exclusive affiliate referral event with a 900,000 MSTAR prize pool. The second campaign, Token Splash, is being held through Apr 30, 2024, 9AM UTC, with a 2,800,000 MSTAR prize pool.

As a plethora of projects such as Merlin Starter look to extend Bitcoin's functionality, its blockchain is steadily moving away from a passive state of use that’s reserved for asset transfers and storage. Merlin Starter is contributing a great deal to putting Bitcoin native assets to use in various apps and protocols.

While Merlin Chain is doing the critical job of enabling the actual utilization of assets via its Layer 2 network, Merlin Starter is a pivotal endeavor aimed at supporting numerous new projects looking to make Bitcoin a more active crypto environment. The more of these projects we see, the more likely it is that Bitcoin will develop into a thriving ecosystem that could rival Ethereum’s. To achieve such a goal, Merlin Starter is exactly the catalyst the industry needs.

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Merlin Starter (MSTAR): Empowering Startups and Innovation

Bybit Learn

GameFi

Pancake Games is an intelligent NFT gaming platform that gives users access to a variety of different blockchain games. Find out more about how it works here.

 blockchain games has increased dramatically in recent years. Many of these projects center around the 

 and may venture into the web3 space in the future. Unfortunately, many of them have a similar concept, which is to entertain gamers while providing a way to earn rewards. While 

 is also a play-to-earn game based on NFTs, it stands apart from other major projects in exciting ways. With a closer look at what Pancake Games is and how it works, you may want to play.

Pancake Games is an intelligent NFT gaming platform that gives users access to a variety of different blockchain games. In addition to providing rewards and entertainment, the platform’s unique design teaches its users about blockchain gaming.

Many blockchain games in the cryptosphere usually require the accumulation and use of points, or coins, while Pancake Games uses GCAKE. The token can be exchanged on Pancake Swap and Uniswap, and is listed on numerous popular exchanges including Bybit. With Pancake Games, users can produce a 

 stream through rewards and staking, and can expand their knowledge and skills of gaming strategies and development. Gamers can even reserve NFT games before their release, and organize events. Plus, given the token’s performance abilities, there’s upward pressure on the value of GCAKE, which presents a solid investment opportunity to the platform’s users.

While little is known about the creators of Pancake Games, its purpose is clear: To develop a niche platform in the decentralized gaming world. 

Besides filling the same boxes that other platforms offering blockchain games do, Pancake Games has been focused on turning everyday gamers into professional gamers with its many special features. Since the project officially launched in November 2021, it has received cash infusions from 14 equity investors around the world. They include a private U.S. investor, a Korean gaming company, a Hong Kong crypto NFT capital investor and a Japanese advertising company. Indeed, the platform has received ample attention, which has been partly demonstrated by a 

 project established in South Korea, Pancake Games strives to do what other blockchain games haven’t. Other NFT-based games provide entertainment and allow investors to earn rewards and income in various ways. These platforms depend on gamers continually using them. However, the playtime of many gamers is limited by their need to address important offline responsibilities, such as working to pay the bills. With this in mind, Pancake Games is committed to helping its many users become professional gamers, if they strive to do so, by educating them on the latest and upcoming NFT games and their winning strategies.

Not only does Pancake Games connect users to a variety of games, but it also supports the pre-ordering of new games as an exclusive benefit to its users. This gives Pancake Games users a head start once the latest games become available for general use.

All the features offered on the Pancake Games platform are accessible to GCAKE holders, who can use their tokens to pre-order new games and have first access to exclusive NFTs. GCAKE holders may also see a financial gain in their holdings based on the token’s increased value. While there’s no guarantee the token’s value will increase, Pancake Games uses a powerful 

 mechanism to create deflationary pressure.

Moreover, token holders can qualify to win a range of rewards that vary over time, so pay attention to when rewards are available. Users can also earn rewards when they organize events, attend gaming tournaments or are active in other ways. Rewards are paid in GCAKE.

The incredible design of this new GameFi project is firmly rooted in several key features that provide users with the many benefits and rewards for which Pancake Games is known. Keep in mind that Pancake Games is a relatively new platform, so some of its exciting features are still in development. Here’s what’s cooking on Pancake Games now.

One of the features still in the works is an initial DEX offering — or 

 platform — a relatively recent way for new projects to raise money. An IDO platform is a decentralized crowdfunding platform that supports 

. Through its IDO platform, Pancake Games will support a variety of currencies that are associated with highly rated games. This upcoming feature has the potential to elevate the function of the Pancake Games platform significantly.

Pancake Games has been, and will continue to be, designed with collaboration in mind. Specifically, it has already connected with other NFT game projects to support an interactive user experience. Other collaborations are expected to be announced on an ongoing basis. In addition, various NFT game competitions are planned for the purpose of promoting the platform’s features. By participating in these events, users have the opportunity to earn GCAKE.

Gacha is an interactive feature on the Pancake Games platform that can benefit users. It’s a virtual mechanical feature based on luck. GCAKE holders who spin the virtual gacha may possibly win an item. Some winners will receive a rare and valuable NFT. The Gacha campaign has been specifically designed by the platform’s creators to provide a strong probability of winning the most coveted rewards.

Pancake Games incentivizes GCAKE holders to interact with the platform. The User Ranking Board provides up-to-date stats on each user’s rank, which can be enhanced by attending conferences. Rare NFTs may be available for those who participate. Ranking enhancement is also possible through a daily bonus offered for logging on to the platform. By achieving a higher ranking, users gain access to airdrops. A higher ranking also provides educational materials, such as videos on winning strategies, and lectures by pro gamers against whom users can play, to help participants become professional gamers. A user may level up by reaching milestones in games and completing games.

Many platforms that offer blockchain games are designed to provide business-to-consumer services. Pancake Games, however, is both a business-to-consumer and a business-to-business service platform, in that it can connect developers, creators and others. With its design and focus on developing professional gamers, Pancake Games is positioned to experience extensive growth. The B2B platform is entirely funded by GCAKE tokens, which provide developmental and financial support for the creation of new blockchain games.

As with other blockchain gaming platforms, the 

 of Pancake Games is managed by GCAKE holders. Specifically, GCAKE holders receive priority for IDO activities, vote on proposals, request changes to the platform and suggest new NFT games. Each token holder receives voting rights based on how many tokens they have.

The number of GCAKE tokens available for purchase, 10 trillion, was established in September 2021 shortly before the platform’s launch. Pancake Games will not issue any additional tokens. A burn mechanism is in place that promotes the relatively rapid destruction of GCAKE. This mechanism fosters both short-term and long-term value deflation. While many tokens are created based on inflation, GCAKE’s deflationary mechanism could make it extremely popular on exchanges going forward.

While it’s easy to view Pancake Games as just another play-to-earn blockchain game in use today, the reality is that this new GameFi project stands apart in extraordinary ways. In fact, its unique traits lay the foundation for its exciting advantages. What are those advantages?

One of the key areas where Pancake Games stands apart from other blockchain games is its focus on developing professional gamers. For example, users with a higher ranking have access to educational materials that teach gaming strategies. Furthermore, gamers can receive priority access to some of the upcoming NFT games, and learn more about the games and their strategies before others have the opportunity to do so. Because Pancake Games also offers the ability to gain financially, it can provide essential income to professional gamers.

Pancake Games provides users with several ways to make money. One method is to simply hang on to the GCAKE tokens. While in general the value of tokens fluctuates, there’s deflationary pressure on GCAKE through the platform’s burn mechanism. This means the token value may trend upward over time. 

In addition, several options are built into the platform’s features for users to earn tokens as well as NFTs. These options include staking tokens, using Gacha campaigns and participating in events. NFTs may be traded or sold, and tokens can be swapped on an exchange for other cryptocurrencies or for fiat.

While Pancake Games is live, many of its features are still being developed. When the GCAKE tokens were offered for sale in September 2021, the Uniswap listing became active, and the 

 listing was active as of November 2021. 

In October 2021, Pancake Games announced its 

, a major Japanese gaming studio founded by 

. Through this partnership, Pancake Games aims to organize events and collaborate with professional gamers in the eSports space.

Some of the Pancakes Games features are scheduled to come online soon. They include the IDO platform and the increased functionality of the Gacha campaign. Keep in mind that governance activities take place frequently, allowing for GCAKE holders to regularly make suggestions and vote on the adoption of new measures. With this in mind, and with new collaborations and features in the works, Pancake Games is scheduled to benefit from considerable growth in both the short and long terms.

GCAKE is the native token for Pancake Games. The maximum and total supply of GCAKE tokens is 10 trillion. The market cap is currently approximately $340,000. Its initial price on November 11, 2021 was $0.000001642. The value of a GCAKE token quickly shot up to $0.000002542 by the end of that month. Since then, the value fluctuated rapidly at first, but valuation has become less severe over the last few months. The current price of GCAKE is approximately $0.000000358212.

GCAKE has strong fundamentals and a burn mechanism that supports upward value growth, and it continues to gain traction in the world of crypto tokens. Thus, it may have a stronger potential for growth over a longer period of time. By the end of 2022, 

 believes that GCAKE’s price will increase to $0.00000047, then grow to $0.0000007 by the end of 2023 and $0.00000099 by the end of 2024. 

Looking farther ahead, GCAKE may hit $0.0000032 by the end of 2027 and $0.00001441 by the end of 2031. It’s important to understand that these are projections based on the technical analysis of current data. As the market shifts and other data points change as well, these projections may change. In light of this, it’s always a smart idea to purchase tokens only after careful research and with caution.

To purchase GCAKE tokens, you first convert fiat into one of the main cryptocurrencies. These include ETH, BTC and USDT. Then you can use an exchange platform to make a token swap. 

 is an exchange that supports the purchase of 

 tokens. It has a user-friendly layout and offers a wide range of trading pairs. 

Once you’ve purchased the tokens on Bybit, simply transfer your new GCAKE to your wallet. When you start using them on the Pancake Games platform, they can begin generating benefits and rewards for you.

While Pancake Games has already garnered considerable interest, its token price remains relatively low. This means an investor or user can purchase a large number of tokens for a nominal price. The value of GCAKE may increase over time because of the deflation created by the platform’s burning mechanism. It may also increase as new users come aboard. Pancake Games is actively planning for growth, such as developing new partnerships and raising awareness through special events. As more NFT games are introduced, the GCAKE token value could also increase.

However, because Pancake Games is a new platform with many unfinished features, there’s an element of risk for investors. Besides that, GCAKE and all crypto tokens can experience sharp and sudden changes in pricing, due to whale activity and other factors. With this in mind, it’s important to make investments cautiously.

Pancake Games offers exciting features and capabilities with ample room for future growth. Between the affordable price of its tokens and its ability to help take gamers to a professional level, Pancake Games is a play-to-earn platform that requires a closer look.

Pancake Games (GCAKE): Connecting Blockchain Gamers & Game Creators

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards