Bybit Arbitrage is a trading tool that simplifies arbitrage trading by capitalizing on funding rate and price differences.

If you're seeking consistent returns with minimal risk, Bybit Arbitrage is the perfect ally.

 This robust tool empowers you to generate regular profits with minimal risks by capitalizing on price disparities across different markets. Its user-friendly interface lets you easily spot and exploit these differences, so that you can execute flawless arbitrage trading in the crypto market with confidence. Read on to learn how Bybit Arbitrage makes arbitrage trading an effortless way for you to achieve low-risk gains.

 is the buying and selling of the same or similar asset(s) at the same time across different markets to earn from slight price deviations. This act of purchasing an asset at a fixed price — while simultaneously selling it at a higher price — allows a trader to instantly make profits without any risks. 

While arbitrage trading has long been a staple in traditional financial markets, such as stock and forex, the advent of crypto trading has propelled arbitrage trading to new heights — thanks to the heightened volatility of the crypto market. Additionally, unlike traditional stock markets, crypto markets are traded 24/7, offering more opportunities for arbitrage traders to reap profits from the price gaps across exchanges and markets. 

 across exchanges or within a single exchange. Keep in mind that if you opt to arbitrage trade across different platforms, accessing your profits may prove to be complex, due to the need to transfer your assets between the exchanges, which can take up to several days to complete. On the other hand, arbitrage trading on a single platform is more straightforward — but more competitive as well.

There are multiple arbitrage trading strategies, but the most common ones in the crypto market include funding rates arbitrage, spot-futures arbitrage and futures arbitrage. 

Funding rates arbitrage allows traders to profit from variations in funding rates between 

 contracts. In contrast, spot-futures arbitrage enables traders to profit from price disparities between the spot and 

 for the same asset. Meanwhile, futures arbitrage involves profiting from price discrepancies between futures contracts with different expiration dates.

Bybit Arbitrage is a trading tool that helps traders identify arbitrage trading opportunities in two ways: funding rate and spread. 

The user-friendly interface organizes trading pairs based on either funding rates or spreads in different markets, so that traders can easily spot disparities in funding rate or price across the markets at a glance. 

Bybit Arbitrage is exclusively available to 

 mode. It facilitates arbitrage trading for USDT Perpetual, USDC Perpetual and USDC Futures contracts, thereby allowing you to enjoy arbitrage trading opportunities between USDT 

Spot pairs and USDT Perpetual pairs, or USDC Spot pairs and USDC Perpetual/Futures pairs. 

The Funding Rate Arbitrage feature exploits differences in funding rates between the Spot and Perpetual/Futures markets on the Bybit exchange. With the Funding Rate feature, traders can earn funding fees while simultaneously managing their positions in order to minimize potential losses and maximize gains through positive and negative arbitrage strategies.

Funding rates for the different trading pairs are listed in descending order. This helps traders to easily leverage the interest rate differential between Spot and Perpetual/Futures contracts.

The Funding Rate feature also allows you to 

 orders (with the same amount, but in different directions) in both Spot and Perpetual/Futures, which enables you to earn funding fees while mitigating potential losses (with potential gains).

holders in Futures/Perpetual contracts pay short position holders. You can leverage this situation by executing a positive arbitrage, which involves

 buying a Spot pair and taking a short position in 

Perpetual to earn steady funding fees. Alternatively, if the funding fee is negative, short position holders pay long position holders. In this case, you would perform a negative arbitrage by shorting a Spot pair and going long in a 

The Spread Arbitrage feature helps traders capitalize on price discrepancies between different markets for the same cryptocurrency asset. With this feature, you can easily compare the market prices of an asset traded across various trading pairs and contracts. While Spread Arbitrage may be similar to spot-futures arbitrage, it offers more arbitrage opportunities since it covers a broader range of markets, unlike spot-futures arbitrage, which targets specific markets

With Spread Arbitrage, the aim is to profit from the eventual price convergence as you buy the crypto asset at a lower price in one market (e.g., Spot) and sell it at a higher price in another market (e.g., Futures). 

As the futures price will eventually align with the Spot price when the contract expires, you’ll be able to take advantage of the simultaneous price disparity for the same asset.

In order to trade with Bybit Arbitrage, you’ll first need to 

. Currently, Bybit Arbitrage is exclusively accessible via the 

 for the web version, which will be launched soon!

Bybit Arbitrage offers multiple advantages.

Bybit Arbitrage is a powerful tool for traders seeking low-risk gains in the volatile crypto market. With its intuitive interface and exclusive features, traders can effectively leverage funding rate and price differences to maximize profits while minimizing risks. Bybit Arbitrage offers diverse benefits that make arbitrage trading more accessible and profitable than ever before.

Beginner

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How to Use Bybit Arbitrage to Achieve Funding Rate and Price Difference Arbitrage

An Ethereum Spot ETF is an exchange-traded fund that tracks the real-time price of Ether and allows investment through traditional stock markets. Learn more.

Earlier this year, the U.S. Securities and Exchange Commission (SEC) gave the green light to a number of Bitcoin Spot exchange-traded funds (

), sparking optimism that similar approval might be extended to Ethereum Spot ETFs. Adding to the excitement, news of Ethereum Spot ETF approval in Asia’s first region has heightened anticipation for a potential approval and launch in the U.S. However, despite the buzz, some industry observers remain skeptical. This article explores the potential impact of Ethereum Spot ETF approval on the broader crypto market.

An Ethereum Spot ETF is an exchange-traded fund that tracks the real-time price of 

 and allows investment through traditional stock markets. It offers investors a way to invest in Ether without having to actually buy or hold the asset itself.

An Ethereum Spot ETF operates by pooling investor funds to purchase Ether, which is held in reserves by the ETF.

Rather than navigating the complexities of 

 and exchanges, investors buy shares of the ETF through regular brokerage accounts, just as they would with traditional stocks. These shares represent a stake in the Ether held by the ETF, providing a simple and regulated way to own Ethereum indirectly.

In order to create ETF shares, authorized participants — usually financial institutions — purchase Ether in exchange for ETF shares of equal value, which are then sold onto the market. An authorized participant can also redeem shares by buying enough ETF shares and exchanging them for Spot Ether and taking those shares away from the market.

As a result, the price of ETF shares tends to fluctuate in line with Ethereum's Spot market price. If it didn’t, there would be an 

 opportunity to profit from any mispricings in the ETF price. However, it’s still theoretically possible for the ETF to trade at different prices simply because of supply-and-demand factors.

ETFs as securities are regulated by the SEC, so an Ethereum Spot ETF provides a regulated product that investors can purchase. By contrast, Spot Ether is being investigated by the SEC to determine whether it should be classified as a security, and currently lacks regulatory clarity. 

This setup offers numerous benefits for investors. It simplifies the investment process, allowing anyone with a brokerage account to invest in Ethereum without setting up a crypto exchange account or managing storage. This can save time and give some investors greater peace of mind. An ETF structure also provides the regulatory clarity that institutional investors need, which can enhance liquidity and trading volumes.

Security is paramount in the realm of cryptocurrency, and the ETF provider takes it seriously. To safeguard Ether holdings, ETF providers employ a combination of 

 and insured custodial services. As a result, they could potentially minimize the risk of theft or loss that individual crypto investors may encounter.

The Ethereum Spot ETF bridges traditional finance (TradFi) and the exciting (but still growing) cryptocurrency space. It offers the security and ease of trading associated with traditional financial markets while opening up investment opportunities in Ethereum for a broader audience.

Both excitement and regulatory scrutiny characterize the current landscape of Ethereum Spot ETFs. Major financial institutions like 

 and Fidelity have submitted applications for these ETFs to the SEC. Still, decisions have been delayed, with the next 

If applicants begin updating their filings by April, this may indicate they’re incorporating feedback from the regulator, which could be interpreted as a positive sign. However, a lack of updates to filings could indicate that the SEC isn’t maintaining the same level of discussions with issuers that led to its 

Another challenge is that the SEC is still investigating whether Ether should be classified as a security, especially since it transferred its consensus mechanism to 

. Earning rewards through staking could meet criteria that determine whether an asset is a security. Ethereum also provides a foundation for 

 (DeFi), which could add to the complexity of the review. 

Analysts' opinions vary regarding the likelihood of ETH ETF approval. One Bloomberg analyst, for instance, 

 chance of approval by May. However, the SEC's recent silence might hint at a less favorable outcome.

The approval of Ethereum Spot ETFs is eagerly awaited because it could mirror the impact of Bitcoin Spot ETF approval, which led to an influx of capital in the market. It would mark a pivotal milestone, likely to attract increased investment and further validate cryptocurrency. The crypto community is closely monitoring these developments, as the coming months will be crucial in shaping the future of Ethereum investment opportunities.

 was recently given to the first Spot Bitcoin and Ethereum ETFs in one of the Asian regions. This landmark decision positions the city as a trailblazer in the Asian financial landscape, embracing the integration of popular cryptocurrencies into mainstream investment avenues.

This milestone has sparked excitement within the crypto community, indicating a positive reception toward digital assets in that region. Analysts believe this move could set a precedent for other jurisdictions to follow, potentially leading to broader acceptance and recognition of cryptocurrencies as a legitimate asset class.

These newly approved ETFs are expected to attract a wave of fresh investors — both retail and institutional — by offering a regulated and familiar investment option for exposure to cryptocurrencies. This growth of interest could increase stability in the crypto markets, possibly influencing the price movements of Bitcoin and Ethereum in the region.

The timing of this approval is noteworthy, considering that the U.S. could also be on the cusp of approval of an Ethereum Spot ETF. If this proactive approach inspires other financial centers beyond the U.S. to consider similar approvals, it will palpably contribute to the global expansion and maturation of the cryptocurrency market.

Current Impact of Ethereum Spot ETF Applications on the Crypto Market

The buzz surrounding Ethereum Spot ETF applications is noticeably affecting the crypto market, particularly Ethereum's price and overall sentiment. Submission of new ETF applications to the SEC has coincided with an 

, pushing it to around $3,700. This uptick reflects the market's optimism and positive sentiment regarding the potential for easier access to Ethereum. However, the market has exhibited some volatility as well, with Ether dropping over 14% in a week in early April. 

Despite these fluctuations, there's a general expectation that ETF developments would significantly impact Ethereum's price dynamics, similar to what was observed with the recent Bitcoin Spot ETF approvals. Moreover, the recent approval of cryptocurrency ETFs has further fueled optimism and positive expectations for increased investment inflows and a broader recognition of cryptocurrencies.

To sum up, the current impact of Ethereum Spot ETF applications on the crypto market is marked by heightened anticipation along with some volatility. Ethereum's price is responding to changes in the regulatory landscape and the potential for broader adoption of cryptocurrency-based investment products.

What Will It Mean if an Ethereum Spot ETF Application Is Approved?

The approval of an Ethereum Spot ETF application by the SEC would mark a significant milestone for the cryptocurrency market, especially for Ethereum. Following are some of the potential benefits.

Drawing parallels to the earlier Bitcoin Spot ETF approvals, some pundits expect an initial surge in Ethereum's price following the expected announcement, reflecting renewed confidence and interest in Ether as an asset. Over the long term, Ethereum Spot ETFs could contribute to growth and stability, similar to the impact that Bitcoin Spot ETFs have had on BTC’s price.

However, there are key differences to consider. The SEC's cautious stance on Ethereum — notably because of its PoS consensus mechanism — could influence the approval process and subsequent market reactions. In addition, Ethereum's unique ecosystem, including its role in DeFi and 

, could lead to different market responses as compared to those following the Bitcoin Spot ETF approvals.

The potential approval of Ethereum Spot ETFs is a crucial turning point for the crypto market, promising easier access, increased investment and greater legitimacy. Although short-term price fluctuations may occur, the long-term effects could echo the positive growth recently witnessed with Bitcoin Spot ETFs, promoting a more mature investment environment for Ethereum.

Intermediate

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Ethereum Spot ETF Approval: Its Impact on Crypto Markets

Grayscale Investments has filed a registration statement on Form S-3 with the SEC to register shares of its Grayscale Ethereum Trust (ETHE) as part of efforts to uplist the trust to a spot Ethereum ETF on the NYSE Arca.

Daily Top Performer — Automata Network (ATA)

The SPX index is up 0.02%, investor focus on earnings and U.S. interest rates continues. The broader cryptocurrency market is down, with Bitcoin and Ether dropping by 3.78% and 2.41%, respectively in the past 24 hours.

Today’s outperformer is ATA, which jumped 8.9% after Automata launched Multi-Prover AVS on Eigenlayer Holesky Testnet to boost decentralized security.

Automata Network (ATA), founded in 2019, is a Web3 platform providing private web services for decentralized applications, focusing on secure, anonymous transactions and governance. Key features include a private voting system and MEV minimization to enhance user privacy and security. Automata's Multi-Prover AVS, which utilizes TEE Coprocessors to enhance security, is now available on the Eigenlayer Holesky testnet. This system employs the TEE Prover as a secondary security measure in decentralized systems. Operators, restakers, and developers are encouraged to learn more about this advancement on their website.

Check Out the Latest Prices, Charts, and Data of 

Grayscale Investments, the world's largest crypto asset manager, has filed a registration statement on Form S-3 with the SEC to register shares of its Grayscale Ethereum Trust (ETHE) as part of efforts to uplist the trust to a spot Ethereum ETF on the NYSE Arca. This filing follows NYSE Arca’s application and is a crucial step in the regulatory process required for offering shares continuously upon approval. The shares will not be sold until the registration is declared effective, and this offering is subject to the Securities Act of 1933. Grayscale emphasizes that the trust, not registered under the 1940 Act, involves high risk and volatility, is focused solely on Ethereum, and does not offer direct investment in Ethereum.

BlackRock's spot bitcoin ETF, IBIT, has significantly impacted the firm's overall ETF flows, comprising 24% of its total. Eric Balchunas, Bloomberg's Senior ETF Analyst, highlighted the fund's success during a panel on Hong Kong's newly approved spot crypto ETFs. Since its launch in January, IBIT has attracted consistent inflows for over 70 days, accumulating more than $18 billion in assets under management and becoming one of the most successful ETFs in history. The IBIT fund is second only to Grayscale's ETF in terms of assets but has seen remarkable trading volume along with other spot bitcoin ETFs, totaling nearly $230 billion.

Gamium, supported by Parachain Ventures, DAO Maker, and Mr. Beast among others, has its token $GMM listed on major exchanges with a fully diluted valuation of around $43M. The platform is promoting a beta points airdrop to reward early users, where participants can sign up and earn points through various activities like launching an MST, trading, daily logins, and referrals. Details on point earning and distribution are available in a dedicated blog post. However, potential users are cautioned to research due to the inherent risks associated with DeFi protocols and trading.

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Grayscale Files for SEC Registration to Convert Ethereum Trust into a Spot ETF on NYSE Arca

Sharky is a Solana-based lending and borrowing DeFi solution that utilizes NFTs as loan collateral.

Cryptocurrency lending and borrowing has always been a prominent niche of the decentralized finance (

) industry, championed by platforms like Aave (

). A much rarer variant of DeFi borrowing and lending is based on non-fungible tokens (

Sharky.fi, or simply Sharky, is a Solana-based lending and borrowing protocol that uses NFTs as collateral to facilitate the DeFi processes on the network. By putting up NFTs as collateral, users can borrow funds via short-term loans in Solana's native SOL tokens. For lenders, the platform is also a great way to earn high APY rates in just 7 to 14 days, while having their loaned funds protected by the NFTs.

Having established itself as the leader of NFT-based lending and borrowing on Solana, the Sharky project has ambitious plans to integrate two more highly popular crypto asset types — Ordinals and real-world assets (RWAs).

 (SHARK) is a lending and borrowing app on the 

 (SOL) blockchain that lets users provide NFTs as collateral to access short-term loans in SOL tokens.

 Lenders can view NFTs offered as collateral, and make loan offers secured by their preferred NFTs.

Although Sharky's public launch on the Solana mainnet dates back to April 2022, the platform operated without its 

, SHARK, for its first two years in the market. The SHARK token was eventually launched in mid-April 2024.

Using its innovative business concept, Sharky quickly established itself as the leader of NFT lending. According to the project’s team, Sharky has a 90% share of the NFT lending market on Solana and has issued more than 1.4 million NFT loans.

Following the recent launch of its SHARK token, the project aims to integrate additional crypto asset types in the future. These include 

 (RWAs). Another ambitious product type considered for future implementation on the platform is uncollateralized consumer loans.

As a lender on Sharky.fi, you can browse NFTs from a variety of collections offered on the platform and make a loan offer for potential borrowers. The collections available on Sharky include the platform's own 

 collection, Mad Labs, Solana Monkey Business (SMB), Tensorians, Namaste and more. Lenders’ offers are shown to potential borrowers on the platform, who then choose the best offer based on their borrowing needs.

The NFT provided by the borrower is used as collateral, and the lender makes their funds available in SOL tokens. Lenders earn interest on the funds, with the loan duration typically between 7 and 14 days. Interest rates, naturally, will vary depending upon on-platform activity. Usually, 

 for active loans range between 120% and 220%, though they can go up to 360%. As such, Sharky loans are an excellent way for lenders to earn some serious interest quickly. If a borrower fails to repay the loan in full, the NFT used as collateral is transferred to the lender.

For borrowers, the Sharky platform is an excellent opportunity to access SOL funds for short-term needs quickly and flexibly using their NFTs, rather than cryptocurrency, as collateral. The best part of the platform's borrowing mechanism is that you remain in possession of your NFT during the loan period as a borrower. While your NFT is used as collateral, its ownership isn't transferred to the lender while the loan is active. The ownership transfer may only happen at the end of the loan period if you fail to repay the loan in full.

Maintaining the ownership of your NFT allows you to keep using it on various DeFi and other apps for purposes such as staking or satisfying 

 eligibility requirements, among other potential uses.

Sharx is the platform's own NFT collection. One of the most popular collections used in Sharky's lending and borrowing operations, sharx is made up of 10,111 adorable shark characters. Purchasing a sharx NFT not only opens up borrowing opportunities but also entitles you to upgrade or boost your Chowder points, rewards that are used in Sharky's loyalty program. 

As a sharx holder, you're entitled to the airdrop of Sharky.fi’s governance token, SHARK, and you can also stake sharx to earn FISHY tokens.

The newly launched SHARK token is envisioned as the platform's governance asset, with a total supply of 100 million. As of the time of writing in late April 2024, only some specific details on the actual governance processes powered by SHARK are available. Thus, the token's actual use in on-platform governance is expected to be outlined in the future.

SHARK will be airdropped in two phases, with 4.25% set aside for the first phase and 3.5% for the second. Of the former, 70% is allocated to its community, with the remaining 30% is distributed to partner communities. Meanwhile, the second phase is held as a staking pool event with a lockup duration of 30 to 60 days exclusively for OG, new users and sharx holders.

 of Sharky. Unlike the brand-new SHARK token, FISHY was issued back in 2022 at the start of the platform's operations. FISHY can be earned by staking sharx NFTs, accumulating reward points and participating in Sharky's social media campaigns. The token can be used to boost sharx NFTs, which in turn can earn you additional Chowder points. FISHY also gives you access to NFT raffles and auctions held on Sharky.

The SHARK token can be bought on Bybit through a Spot pair with USDT (

). Additionally, you can also take part in Bybit's current campaigns for the token for the chance to grab a share of the 

, which includes a Token Splash event featuring 456,000 SHARK through Apr 30, 2024, 9AM UTC, and a Lucky Draw with 58,000 SHARK in rewards through Apr 30, 2024, 9:59AM UTC.

Lending and borrowing using NFTs as collateral is a novel concept that has earned Sharky leadership positions in this niche. As more platforms adopting this business model emerge, the competition in the field is likely to intensify. However, as of now, Sharky remains the absolute leader of the Solana-based NFT lending and borrowing market. 

As NFTs experience a resurgence in popularity following the post-2021 dip, DeFi solutions that make innovative use of these assets, such as Sharky, stand to benefit. Later in 2024 and beyond, we’ll likely hear more about NFTs being used as legitimate collateral in crypto finance — a new trend helped to no small degree by the Sharky platform.

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Sharky.fi (SHARK): The Decentralized Platform for Instant NFT Loans

Bybit Learn

GameFi

Pancake Games is an intelligent NFT gaming platform that gives users access to a variety of different blockchain games. Find out more about how it works here.

 blockchain games has increased dramatically in recent years. Many of these projects center around the 

 and may venture into the web3 space in the future. Unfortunately, many of them have a similar concept, which is to entertain gamers while providing a way to earn rewards. While 

 is also a play-to-earn game based on NFTs, it stands apart from other major projects in exciting ways. With a closer look at what Pancake Games is and how it works, you may want to play.

Pancake Games is an intelligent NFT gaming platform that gives users access to a variety of different blockchain games. In addition to providing rewards and entertainment, the platform’s unique design teaches its users about blockchain gaming.

Many blockchain games in the cryptosphere usually require the accumulation and use of points, or coins, while Pancake Games uses GCAKE. The token can be exchanged on Pancake Swap and Uniswap, and is listed on numerous popular exchanges including Bybit. With Pancake Games, users can produce a 

 stream through rewards and staking, and can expand their knowledge and skills of gaming strategies and development. Gamers can even reserve NFT games before their release, and organize events. Plus, given the token’s performance abilities, there’s upward pressure on the value of GCAKE, which presents a solid investment opportunity to the platform’s users.

While little is known about the creators of Pancake Games, its purpose is clear: To develop a niche platform in the decentralized gaming world. 

Besides filling the same boxes that other platforms offering blockchain games do, Pancake Games has been focused on turning everyday gamers into professional gamers with its many special features. Since the project officially launched in November 2021, it has received cash infusions from 14 equity investors around the world. They include a private U.S. investor, a Korean gaming company, a Hong Kong crypto NFT capital investor and a Japanese advertising company. Indeed, the platform has received ample attention, which has been partly demonstrated by a 

 project established in South Korea, Pancake Games strives to do what other blockchain games haven’t. Other NFT-based games provide entertainment and allow investors to earn rewards and income in various ways. These platforms depend on gamers continually using them. However, the playtime of many gamers is limited by their need to address important offline responsibilities, such as working to pay the bills. With this in mind, Pancake Games is committed to helping its many users become professional gamers, if they strive to do so, by educating them on the latest and upcoming NFT games and their winning strategies.

Not only does Pancake Games connect users to a variety of games, but it also supports the pre-ordering of new games as an exclusive benefit to its users. This gives Pancake Games users a head start once the latest games become available for general use.

All the features offered on the Pancake Games platform are accessible to GCAKE holders, who can use their tokens to pre-order new games and have first access to exclusive NFTs. GCAKE holders may also see a financial gain in their holdings based on the token’s increased value. While there’s no guarantee the token’s value will increase, Pancake Games uses a powerful 

 mechanism to create deflationary pressure.

Moreover, token holders can qualify to win a range of rewards that vary over time, so pay attention to when rewards are available. Users can also earn rewards when they organize events, attend gaming tournaments or are active in other ways. Rewards are paid in GCAKE.

The incredible design of this new GameFi project is firmly rooted in several key features that provide users with the many benefits and rewards for which Pancake Games is known. Keep in mind that Pancake Games is a relatively new platform, so some of its exciting features are still in development. Here’s what’s cooking on Pancake Games now.

One of the features still in the works is an initial DEX offering — or 

 platform — a relatively recent way for new projects to raise money. An IDO platform is a decentralized crowdfunding platform that supports 

. Through its IDO platform, Pancake Games will support a variety of currencies that are associated with highly rated games. This upcoming feature has the potential to elevate the function of the Pancake Games platform significantly.

Pancake Games has been, and will continue to be, designed with collaboration in mind. Specifically, it has already connected with other NFT game projects to support an interactive user experience. Other collaborations are expected to be announced on an ongoing basis. In addition, various NFT game competitions are planned for the purpose of promoting the platform’s features. By participating in these events, users have the opportunity to earn GCAKE.

Gacha is an interactive feature on the Pancake Games platform that can benefit users. It’s a virtual mechanical feature based on luck. GCAKE holders who spin the virtual gacha may possibly win an item. Some winners will receive a rare and valuable NFT. The Gacha campaign has been specifically designed by the platform’s creators to provide a strong probability of winning the most coveted rewards.

Pancake Games incentivizes GCAKE holders to interact with the platform. The User Ranking Board provides up-to-date stats on each user’s rank, which can be enhanced by attending conferences. Rare NFTs may be available for those who participate. Ranking enhancement is also possible through a daily bonus offered for logging on to the platform. By achieving a higher ranking, users gain access to airdrops. A higher ranking also provides educational materials, such as videos on winning strategies, and lectures by pro gamers against whom users can play, to help participants become professional gamers. A user may level up by reaching milestones in games and completing games.

Many platforms that offer blockchain games are designed to provide business-to-consumer services. Pancake Games, however, is both a business-to-consumer and a business-to-business service platform, in that it can connect developers, creators and others. With its design and focus on developing professional gamers, Pancake Games is positioned to experience extensive growth. The B2B platform is entirely funded by GCAKE tokens, which provide developmental and financial support for the creation of new blockchain games.

As with other blockchain gaming platforms, the 

 of Pancake Games is managed by GCAKE holders. Specifically, GCAKE holders receive priority for IDO activities, vote on proposals, request changes to the platform and suggest new NFT games. Each token holder receives voting rights based on how many tokens they have.

The number of GCAKE tokens available for purchase, 10 trillion, was established in September 2021 shortly before the platform’s launch. Pancake Games will not issue any additional tokens. A burn mechanism is in place that promotes the relatively rapid destruction of GCAKE. This mechanism fosters both short-term and long-term value deflation. While many tokens are created based on inflation, GCAKE’s deflationary mechanism could make it extremely popular on exchanges going forward.

While it’s easy to view Pancake Games as just another play-to-earn blockchain game in use today, the reality is that this new GameFi project stands apart in extraordinary ways. In fact, its unique traits lay the foundation for its exciting advantages. What are those advantages?

One of the key areas where Pancake Games stands apart from other blockchain games is its focus on developing professional gamers. For example, users with a higher ranking have access to educational materials that teach gaming strategies. Furthermore, gamers can receive priority access to some of the upcoming NFT games, and learn more about the games and their strategies before others have the opportunity to do so. Because Pancake Games also offers the ability to gain financially, it can provide essential income to professional gamers.

Pancake Games provides users with several ways to make money. One method is to simply hang on to the GCAKE tokens. While in general the value of tokens fluctuates, there’s deflationary pressure on GCAKE through the platform’s burn mechanism. This means the token value may trend upward over time. 

In addition, several options are built into the platform’s features for users to earn tokens as well as NFTs. These options include staking tokens, using Gacha campaigns and participating in events. NFTs may be traded or sold, and tokens can be swapped on an exchange for other cryptocurrencies or for fiat.

While Pancake Games is live, many of its features are still being developed. When the GCAKE tokens were offered for sale in September 2021, the Uniswap listing became active, and the 

 listing was active as of November 2021. 

In October 2021, Pancake Games announced its 

, a major Japanese gaming studio founded by 

. Through this partnership, Pancake Games aims to organize events and collaborate with professional gamers in the eSports space.

Some of the Pancakes Games features are scheduled to come online soon. They include the IDO platform and the increased functionality of the Gacha campaign. Keep in mind that governance activities take place frequently, allowing for GCAKE holders to regularly make suggestions and vote on the adoption of new measures. With this in mind, and with new collaborations and features in the works, Pancake Games is scheduled to benefit from considerable growth in both the short and long terms.

GCAKE is the native token for Pancake Games. The maximum and total supply of GCAKE tokens is 10 trillion. The market cap is currently approximately $340,000. Its initial price on November 11, 2021 was $0.000001642. The value of a GCAKE token quickly shot up to $0.000002542 by the end of that month. Since then, the value fluctuated rapidly at first, but valuation has become less severe over the last few months. The current price of GCAKE is approximately $0.000000358212.

GCAKE has strong fundamentals and a burn mechanism that supports upward value growth, and it continues to gain traction in the world of crypto tokens. Thus, it may have a stronger potential for growth over a longer period of time. By the end of 2022, 

 believes that GCAKE’s price will increase to $0.00000047, then grow to $0.0000007 by the end of 2023 and $0.00000099 by the end of 2024. 

Looking farther ahead, GCAKE may hit $0.0000032 by the end of 2027 and $0.00001441 by the end of 2031. It’s important to understand that these are projections based on the technical analysis of current data. As the market shifts and other data points change as well, these projections may change. In light of this, it’s always a smart idea to purchase tokens only after careful research and with caution.

To purchase GCAKE tokens, you first convert fiat into one of the main cryptocurrencies. These include ETH, BTC and USDT. Then you can use an exchange platform to make a token swap. 

 is an exchange that supports the purchase of 

 tokens. It has a user-friendly layout and offers a wide range of trading pairs. 

Once you’ve purchased the tokens on Bybit, simply transfer your new GCAKE to your wallet. When you start using them on the Pancake Games platform, they can begin generating benefits and rewards for you.

While Pancake Games has already garnered considerable interest, its token price remains relatively low. This means an investor or user can purchase a large number of tokens for a nominal price. The value of GCAKE may increase over time because of the deflation created by the platform’s burning mechanism. It may also increase as new users come aboard. Pancake Games is actively planning for growth, such as developing new partnerships and raising awareness through special events. As more NFT games are introduced, the GCAKE token value could also increase.

However, because Pancake Games is a new platform with many unfinished features, there’s an element of risk for investors. Besides that, GCAKE and all crypto tokens can experience sharp and sudden changes in pricing, due to whale activity and other factors. With this in mind, it’s important to make investments cautiously.

Pancake Games offers exciting features and capabilities with ample room for future growth. Between the affordable price of its tokens and its ability to help take gamers to a professional level, Pancake Games is a play-to-earn platform that requires a closer look.

Pancake Games (GCAKE): Connecting Blockchain Gamers & Game Creators

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards