Dear CAKE holders, we’re proud to announce a new Syrup Pool with STEPN! STEPN is a Web3 lifestyle app with Social-Fi and Game-Fi elements. Users, equipped with NFT Sneakers, walk, jog or run outdoors to earn Green Metaverse Tokens (GMT) and Green Satoshi Tokens (GST) via the protocol’s dual-token system.
Players can choose to lease or sell their NFT Sneakers from the in-app marketplace, with users’ earnings stored in the in-app wallet, which has a built-in Swap function.
Stake CAKE tokens to earn $GMT tokens!
100 CAKE for the first 57,600 blocks (approx. 48 hours) after the Syrup Pool is launched, then unlimited CAKE staking after that.
The cap is to give everyone an equal opportunity to farm rewards at a high APY at the start of the farm.
In order to host the $GMT Syrup Pool, we’ll need to provide a GMT-USDC farm. The farm will have 2x CAKE rewards for the first 48 hours, then 1x rewards after that.
Please note that the farm is subject to multiplier adjustments during or after the farm period if it underperforms its peers via metrics like average daily volume, 14-day volume, unique token holders on BNB Chain, fundamental token issues, etc.
From the team: “GMT is the native governance token of STEPN with a total supply of 6 billion tokens and has the following use cases:
Governance: Stake to participate in governance, the longer the locking period, the higher the voting power.
Profit distribution: GMT holders own the treasury and can vote to decide the distribution of net profit.
Accrual of protocol revenue: GMT is burned to access in-app features, such as sneaker upgrades and minting.”
Follow this guide to staking in Syrup Pools:
https://docs.pancakeswap.finance/products/syrup-pool/syrup-pool-guide
The official $GMT token contract address on BNB Chain is:
https://bscscan.com/token/0x3019BF2a2eF8040C242C9a4c5c4BD4C81678b2A1
Any other $GMT token will be a scam. Always verify the token address before buying tokens. If you receive a $GMT token airdrop from another address, it’s probably a scam, and we advise you to ignore it.