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🧑⚖ Farm Auctions

Introduction

What are Farm Auctions?

  1. Farm Auctions are a highly effective way for project teams to boost token liquidity, increase trading volume, and draw in organic traffic/users
  2. As long as a project bids with sufficient CAKE tokens, they can earn an incentivized Community Farm on PancakeSwap
  3. The marketing coverage also benefits projects in terms of awareness and reach
  4. The CAKE tokens submitted as bids by the winning project teams will be burned, accruing value to all other CAKE holders

You may refer to this one-pager summary of our Farm Auctions product

{% file src="../.gitbook/assets/Farm Auctions One Pager.pdf" %}

Mechanics

This is the main site of our Farm Auctions product; it is where:

  1. Auctions are held, with the running leaderboard displayed during Auction periods
  2. Past bidders and winners are archived
  3. A running list of whitelisted project teams can be found

We typically hold Farm Auctions every three weeks. These are the steps for a project team to participate in a Farm Auction:

  1. Projects have to apply here to be whitelisted for Auction bidding
  2. We will add whitelisted project teams to a Telegram Announcement group
  3. There will be a pre-announced 1-hour window for project teams to bid using their whitelisted wallet address
  4. Participating project teams must submit a bid that is equal to or higher than the minimum initial bid
  5. At the end of the 1-hour window, the top 3 bidders will earn an incentivized Community Farm within 48 hours of the Farm Auction ending
  6. The top bidder will earn an AMA spot on PancakeSwap’s Telegram channel (minimum 10,000 CAKE bid required)
  7. All CAKE bids from the 3 winning projects will be burned. Winning projects’ tokens will be added to and stay on PancakeSwap’s “Extended” token list
  8. For projects that did not win, your CAKE bids will be returned, and you can try again in the next Farm Auction

Parameters

Parameters

These are the key parameters for our Farm Auctions product, which may be subject to changes approved by governance.

Minimum initial bid 7,000 CAKE
Number of winning project teams 3
Farm Multiplier for highest bidder 6x
Farm Multiplier for 2nd highest bidder 2x
Farm Multiplier for 3rd highest bidder 1x
Perks for highest bidder (Min 10K CAKE) AMA on PancakeSwap’s Telegram Channel
Duration of Community Farm 10 days
Specifics of Community Farm V3 Farm, 0.25% fee tier
Auction duration 1 hour

Are you interested in joining our Farm Auctions?

If you are a project team interested in participating, please apply here so we can find out more about your project. We will reach out to you if your project is a right fit.