PancakeSwap will launch “branches”, CAKE holders will receive new tokens
PancakeSwap, a decentralized exchange, is preparing to launch an affiliate model that will allow partners to create their own “branches” of the exchange on various blockchains. This means that third-party developers will be able to duplicate the exchange code and launch their own versions of Pancake Swap on different blockchains. This move is expected to expand the reach of Pancake Swap and make it accessible on multiple platforms.
Chef Mochi, the anonymous head of PancakeSwap, revealed to CoinDesk that PancakeSwap will offer incentives and support to development teams involved in creating these “branches” of the exchange. This support is designed to encourage the growth and development of the PancakeSwap ecosystem across different blockchains.
Originally launched on the Binance Smart Chain, Pancake Swap is now available on opBNB, Ethereum, Polygon zkEVM, Aptos, Linea, Era zkSync, Base, and Arbitrum One. This expansion to other blockchains has broadened the accessibility of PancakeSwap, allowing users on different platforms to access its services.
Holders of CAKE, Pancake Swap’s native token, stand to benefit from this expansion. They will receive native tokens from the affiliated exchanges, providing them with additional opportunities for investment and utilization.
Additionally, the new affiliated services will use a portion of their trading fee income to buy and burn CAKE tokens, effectively reducing its total supply. This reduction in supply may lead to an increase in the value of the CAKE token, benefiting its holders.
Looking ahead, Pancake Swap aims to gather ideas and feedback from the community in the coming weeks as it continues to evolve and expand its presence across multiple blockchains. This open dialogue with the community will likely shape the future developments and improvements within the Pancake Swap ecosystem.
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