Blockchain Press Releases

PancakeSwap V4 Unveils $3M CAKE Airdrop with Platform Enhancement

Published

10 months ago

March 12, 2024

pancakeswap-v4-unveils-$3m-cake-airdrop-with-platform-enhancement

PancakeSwap, a pioneering decentralized cryptocurrency exchange, is proud to unveil PancakeSwap V4, marking a significant leap forward in DeFi innovation. With PancakeSwap V4, users can expect a host of groundbreaking features designed to enhance efficiency, reduce costs, and streamline the trading experience, along with the introduction of a groundbreaking $3M CAKE Airdrop campaign.

NEW YORK, March 12, 2024 /PRNewswire/ — In celebration of the V4 launch, PancakeSwap is conducting a $3 Million Airdrop in $CAKE tokens, demonstrating its commitment to community growth and engagement. This airdrop is designed to incentivize both current users and newcomers to explore the benefits of the upgraded platform. Participants are encouraged to act swiftly, as the airdrop is available on a first-come, first-served basis.

The $3 million CAKE airdrop serves as a testament to PancakeSwap’s dedication to rewarding its community and fostering widespread adoption of its innovative platform. By offering users the opportunity to participate in this exciting campaign, PancakeSwap aims to drive increased engagement and activity on its platform, further solidifying its position as a leading decentralized exchange in the DeFi ecosystem.

Furthermore, PancakeSwap V4 introduces a plethora of technical advancements and features aimed at revolutionizing the trading experience for users. One of the standout features of PancakeSwap V4 is the implementation of a new contract architecture for pools. Unlike previous versions where each pool was held in a separate contract, PancakeSwap V4 consolidated all pools into a single singleton contract. This innovative approach not only simplifies pool creation but also delivers substantial gas savings, with early estimates suggesting a remarkable 99% reduction in pool creation gas costs.

Complementing the singleton architecture is the introduction of a revolutionary “flash accounting” system. Unlike traditional methods that involve transferring assets in and out of pools after every swap, the flash accounting system in PancakeSwap V4 operates on net balances, resulting in a more efficient and cost-effective process. By minimizing unnecessary token transfers, PancakeSwap V4 significantly reduces gas consumption, leading to tangible benefits for users.

PancakeSwap is committed to embracing cutting-edge technologies to drive continuous improvement and optimization. With the imminent Ethereum Cancun hard fork on the horizon, PancakeSwap is actively considering the adoption of EIP-1153, which introduces “transient storage” and promises even greater gas improvements and cleaner contract designs. By staying at the forefront of blockchain innovation, PancakeSwap aims to deliver unparalleled value and efficiency to its users.

Furthermore, PancakeSwap V4 introduces enhanced fee tier flexibility, empowering pool creators to customize fee structures according to their specific needs. Whether setting competitive fee tiers or implementing dynamic fee hooks, PancakeSwap V4 offers unparalleled flexibility and customization options. Additionally, the reintroduction of native ETH support further enhances gas savings, providing users with a seamless and cost-effective trading experience.

PancakeSwap V4 represents a pivotal moment in the evolution of decentralized finance, ushering in a new era of efficiency, flexibility, and user empowerment. By leveraging groundbreaking technologies and embracing a commitment to innovation, PancakeSwap continues to redefine the possibilities of DeFi, driving positive change and inspiring the next generation of decentralized exchanges.

About PancakeSwap
PancakeSwap is at the vanguard of the DeFi movement, providing an open and accessible financial ecosystem through its decentralized protocol. Founded in September 2020 by anonymous developers, PancakeSwap has quickly risen to prominence as one of the leading decentralized exchanges in the crypto space. Built on the BNB Chain, PancakeSwap offers users unparalleled access to a wide range of digital assets and innovative features, all while maintaining the principles of decentralization and user ownership. With a steadfast commitment to driving innovation and fostering community engagement, PancakeSwap continues to push the boundaries of what is possible in the realm of decentralized finance.

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Blockchain Press Releases

Compass Mining Scales Texas Operations with 25 MW Bitcoin Mining Facility, Plans Further Expansion

Published

3 days ago

December 20, 2024

CISION (PR Newswire)

compass-mining-scales-texas-operations-with-25-mw-bitcoin-mining-facility,-plans-further-expansion

Energizes Over 50 MW in 2024 Across Six States, with 35 MW Coming Online by January 2025

WILMINGTON, Del., Dec. 20, 2024 /PRNewswire/ — Compass Mining (“Compass” or the “Company”), a leading provider of Bitcoin mining hardware, hosting, and operational solutions, proudly announces the addition of a new 25 megawatts (MW) Bitcoin mining facility in Texas to its growing network of North American operations. The facility is already fully built out and will be operational with an initial 5 MW of capacity by year’s end, scaling to 25 MW in early January 2025. Compass also plans to expand the facility’s capacity to 60 MW by Q3 2025.

The new Texas facility will house a mix of relocated machines from Compass’s existing sites, as well as newly deployed units, ensuring continuity for current customers while offering new clients a seamless and turnkey Bitcoin mining experience. By January 2025, new customers purchasing machines through Compass’s platform will have the option to deploy them at the “Texas 6″ site.

“Our new Texas facility represents another milestone in our mission to make bitcoin mining more accessible for everyone,” said Paul Gosker, CEO of Compass Mining. “We bring a wealth of experience from successfully operating at multiple locations across Texas, navigating the unique grid dynamics and leveraging local resources. For this site, we will provide our support and expertise, including assisting our site partner in hiring expert technicians who meet Compass’s high standards. This ensures high uptime and reliability, delivering the quality our customers expect.”

Compass’s strategy combines vertical integration through proprietary facilities, such as the new Iowa 4 site, with partnerships at third-party facilities renowned for high uptime and reliability. This dual approach allows the company to maintain operational flexibility while delivering reliable hosting solutions. The company has energized a total of approximately 50 MW of power capacity across mining facilities in Indiana, Iowa, Ohio, Kentucky, Nebraska, and Texas in 2024, with plans to add another 35 MW by January 2025.

About Compass Mining

Compass Mining is a customer-first company that provides a platform for individuals and businesses to purchase Bitcoin mining hardware, host machines, build and manage mining facilities, and access a range of ancillary services. With a commitment to exceptional customer support and transparency, Compass Mining sets the benchmark for bitcoin mining hosting. Its mission is to make Bitcoin mining accessible to everyone. To learn more about Compass Mining or to start mining today, visit compassmining.io.

Media Contact

BlocksBridge Consulting
[email protected]

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Blockchain Press Releases

Surprises Guaranteed: Bybit Card Dishes Out Rewards in Holiday Giveaway

Published

3 days ago

December 20, 2024

CISION (PR Newswire)

DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be extending the festive fun with lavish virtual gifts for Bybit Card holders. From Dec. 20, 2024 to Jan. 31, 2025, with every swipe of their Bybit Card, users may get a chance to unwrap mystery gift boxes, including 1,000 in USDT and other exciting airdrops from DOGE to BTC—all rewards, no catches.

For each 100 USDT spent in eligible purchases with the Bybit Card, users will receive a lucky draw ticket to redeem a gift box on Bybit. Each gift box promises a crypto reward—from Christmas baubles in DOGE, SOL, ETH, XRP and BTC airdrops, all the way up to the grand prize of 1,000 in USDT. Registration is required and the special Holiday Giveaway ends at the end of Jan. 2025.

For users looking for a convenient way to utilize their crypto assets for daily spendings and debit payments, it is not too late to apply for the Bybit Card. The application and verification process takes minutes, and a virtual card will be issued as soon as the card is approved, enabling seamless digital payment on Apple and Android devices in applicable regions.

“The Bybit Card takes the hassle out of crypto off-ramp for regular users and weaves rewards and benefits into daily spendings. On top of regular cashbacks, we are introducing extra perks as our token of thanks to wrap up an eventful year in crypto,” said Joan Han, Sales and Marketing Director at Bybit.

The Bybit Card made expansive global footprints 2024 as crypto adoption continues to rise in the past year. Trusted and frictionless crypto payment solutions are in demand in various parts of the world, and Bybit is one of the natural habitats of crypto native consumers. Spanning from Buenos Aires to Amsterdam, the Bybit Card community is growing and so are the perks:

Up to 10% cashback in USDT, BTC and ETH on eligible purchases
Zero fees for instant virtual card issuance
Zero annual or hidden fees
Up to 8% APY

Enjoy this festive season in all its splendor. Eligible Bybit Card holders from all regions are welcome; terms and conditions apply: Bybit Card Holiday Giveaway: Swipe, Spend & Sparkle!

#Bybit / #TheCryptoArk #theBybitCard

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media

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Blockchain Press Releases

Bybit P2P Unlocks 20,000 USDT Prize Pools for Select Users in South Asia and Africa

Published

3 days ago

December 20, 2024

CISION (PR Newswire)

bybit-p2p-unlocks-20,000-usdt-prize-pools-for-select-users-in-south-asia-and-africa

DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be concluding 2024 with lucky spins all around for eligible users on Bybit P2P. With a chance at two grand bonus pools of 10,000 USDT each, select users in parts of South Asia and Africa stand to make the most of their P2P trades at Bybit.

From now to Dec. 31, 2024, eligible users may create their own P2P trading bonus at Bybit and unlock 100% chance of winning:

South Asia: Eligible users in South Asia may sign up for the Grand Spin Extravaganza
Africa: Eligible users may register to enter the P2P Prize Spinner

Successful participants may complete one or more referral, deposit, or trading tasks to earn up to 10 Lucky Draw Tickets. Tasks start at beginner level including a first-time deposit of 10 USDT. With a Ticket, users get to spin the wheel of fortune for a guaranteed airdrop from the 10,000 USDT Prize Pool.

As communities in the Global South start to build and diversify their wealth, millions are in dire need of modernized and inclusive financial infrastructures. The digital asset class offers an alternative for grassroot investors in emerging markets, demonstrating transformative power to shape the future of growth.

Bybit’s peer-to-peer trading platform provides user-friendly and trusted tools for P2P merchants and buyers. Users can compare and execute trades at an optimal price agreed upon by both parties, carried out on Bybit’s ultra smooth trading platform at zero fees. Supporting over 60 fiat currencies and over 300 payment methods, Bybit P2P contributes to democratizing access to the digital economy.

Users who have completed Bybit Identity Verification Level 1 may log in to confirm their eligibility. Terms and conditions apply.

#Bybit / #TheCryptoArk

About Bybit

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media

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