iCAKE is NOT a new token, it is a numerical metric being used by the PancakeSwap IFO system.
The number of iCAKE you have is based on the number of CAKE staked in the fixed-term CAKE staking pool and the total staking duration of your current fixed-term staking position.
🐣🥞 what is iCAKE for?
Once you have a profile and iCAKE, you will also need to prepare some CAKE tokens in your wallet. These will be used to buy the tokens being offered in the IFO.
iCAKE will determine the maximum CAKE commit limit in the PancakeSwap IFO public sales.
For example, if you have 200 iCAKE, you will be able to commit 200 CAKE in any upcoming IFO public sales.
➡️ What is iCAKE https://docs.pancakeswap.finance/products/ifo-initial-farm-offering/icake
➡️ Learn how to participate in an IFO https://docs.pancakeswap.finance/products/ifo-initial-farm-offering/ifo-guide
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