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IFO. Similar to the listing of new shares in stocks, IFO in the field of cryptocurrency is the listing of new currency.
IFO (Initial Farm Offerings), which means the first farm offering in Chinese, is a major innovation of BSC on PancakeSwap. The method of participation is to provide CAKE+BNB liquidity on the Pancakeswap platform. After the subscription is started, LPs will be submitted at the designated place on Pancakeswap.
On January 13, PancakeSwap Khaki's first IFO project, a total of 6 orders have been completed so far. The most recent one is Berry, the subscription was 187 times overraised, and the subscription price was $0.5, and it rushed to $6 after the market opened. All those who subscribed were rewarded. The current price of Berry is $20, which is nearly 40 times higher than the issue price.
In fact, the IFO initiated by PancakeSwap has not lost any money so far, which has greatly stimulated the enthusiasm of users to provide liquidity on it. Compared with uniswap, providing liquidity is only a reward for handling fees. On PancakeSwap, there are not only token rewards, but also IFOs that can participate from time to time, and once participation returns are dozens of times, such a wealth effect, capital There is no reason not to come.