PancakeSwap’s first CAKE.PAD event closes with $221 million in commitments

first cake pad Early access event underway pancake swapFeaturing White Bridge Network ($WBAI)has officially ended. This event attracted many participants, 67,074,200 CAKE tokens— the value of Approximately $221 million– Committed by user.

Participants are now Request a refund of $WBAI tokens and unallocated CAKEAccording to an announcement from PancakeSwap. trading $WBAI It also went live on PancakeSwap, officially starting post-event market activity for the token.

The event started with October 14, 2025, 11:00 AM UTC to October 15, 2025, 11:00 AM UTCIt was hosted on . BNB chain. This was the first project launched under PancakeSwap’s new project. CAKE.PAD Platformwhich replaces the previous Initial Farm Offering (IFO) system.

What is CAKE.PAD?

CAKE.PAD is PancakeSwap’s new initial token access platform. cake holder. This allows the user to commit CAKE to future token launches in front These tokens will be listed on exchanges.

Unlike the old IFO model, CAKE.PAD removes barriers such as staking, lockups, and eligibility requirements. Anyone who has a cake can participate. Non-custodial wallet Such as MetaMask and Trust Wallet.

To participate, users simply commit CAKE during an active event, and once the event ends, they will claim new tokens in proportion to their contributions. Unallocated CAKE from oversubscribed events will be automatically refunded (minus tiered subscription tax).

All participation fees are burnt foreverwhich directly connects event activity to CAKE’s defletokenomics.

From IFO to CAKE.PAD

Before CAKE.PAD, PancakeSwap was used Initial Farm Offering (IFO) To host a token sale. IFO required users to stake CAKE or LP tokens, participate in a pool, and meet complex eligibility rules. These steps limited access to small or casual participants.

CAKE.PAD simplifies this.

• No staking required
• No lockups or pools
• No whitelisting or eligibility checks

This shift is CAKE Tokenomics 3.0focuses on usability, deflation, and ecosystem expansion. PancakeSwap described CAKE.PAD as a way to: broaden participation Even while baking cakes to maintain supply discipline.

WhiteBridge Network: CAKE.PAD’s first project

of white bridge network is The first project to debut on CAKE.PAD. It describes itself as Decentralized trust layer for people’s datain combination AI, blockchain, and real-world information To confirm and protect human identity.

In a digital world increasingly filled with synthetic and AI-generated IDs, WhiteBridge Network focuses on verifying real human users, reputation, and trustworthiness.

Key metrics:

• Over 3.7 million searches powered
• Access to 3.59 billion profiles
• Over 100,000 active users
• Annual recurring revenue of $3 million

This project is supported by ChainGPT Lab, MVB 10 (BNB Chain, YZi Labs, and CMC Labs)powered by native tokens. $WBAI.

CAKE.PAD event details

• Event period: October 14-15, 2025
• Accepted token: cake
• chain: BNB chain
• Token name: White Bridge Network ($WBAI)
• Total supply: 1 billion WBAI
• Available on CAKE.PAD: 20,000,000 WBAI (2% of total supply)
• Target price increase: $160,000 (CAKE equivalent)
• Token price: $0.008 USD
• Vesting: None (100% trade possible immediately after the event)

The event structure enabled proportional allocation of tokens to all participants based on the amount of CAKE committed.

The event was canceled because the total commitments significantly exceeded the fundraising goal. oversubscribedtriggers PancakeSwap Tiered subscription tax systemdynamically adjust rates based on demand.

How to participate in future CAKE.PAD events

Joining is easy:

1. have cake Non-custodial wallet (e.g. MetaMask, Trust Wallet).
2. Please visit. CAKE.PAD Dashboard On PancakeSwap during an active event.
3. Commit CAKE to your project’s subscription pool.
4. After the event ends, Request assigned token and any cake refund (in case of oversubscription).

There are no staking pools or lockup requirements. This design makes CAKE.PAD accessible to a wide range of users and aligns with PancakeSwap’s objective of simplifying initial token participation.

Main features of CAKE.PAD

1. Early access to new tokens

CAKE holders get early exposure to new projects before they go public. This allows users to access tokens that may trade at different valuations after the market opens.

2. 100% of the participation fee will be burned.

All CAKE used for participation fee burnt foreverremoved from circulation. This results in Mechanism of deflation It strengthens CAKE’s long-term tokenomics.

3. Flexible commitment

There is no upper limit to the number of participants. Users can commit any amount of CAKE, making it suitable for both small and large holders.

4. Tiered subscription tax

For events that are flooded with reservations, stage tax The system will be applied automatically. The higher the oversubscription, the lower the tax rate, promoting fair participation and reducing excessive overcommitment.

Project launch opportunity

Any project you want to launch through CAKE.PAD can be applied to PancakeSwap. business development team. The team reviews applications to ensure project credibility and long-term viability before approving event slots.

Once approved, the project will set raising goals, define token allocation, and invite CAKE holders to subscribe.

This approach balances: Accessibility and quality controlThis allows PancakeSwap to support innovation while maintaining user trust.

PancakeSwap’s broader ecosystem

PancakeSwap remains one of the most widely used Decentralized exchange (DEX) In the world. As of 2025, Cumulative trading volume is $2.5 trillion,over 143 million users and Total Value Locked (TVL) is $2.3 billion.

The platform is currently operational in various regions. 10 major blockchainsOfferings:

• Spot trading and derivative trading
• yield agriculture
• Permanent certificate of real-world assets such as stocks
• Multi-chain liquidity management

The introduction of CAKE.PAD reflects PancakeSwap’s continued focus on product maturity, risk management, and ecosystem growth. 5th anniversary this year.

conclusion

The launch of the WhiteBridge Network comes after PancakeSwap’s first CAKE.PAD event concluded successfully, with over 67 million CAKEs (valued at approximately $221 million) committed by participants.

The results highlight the efficiency and accessibility of the new CAKE.PAD system. This simplifies initial token access by CAKE holders, ties CAKE’s utility directly to the write mechanism, and fosters fair and flexible participation. CAKE.PAD currently serves as a key part of PancakeSwap’s ecosystem, combining deflationary tokenomics with user engagement and transparent access to early-stage crypto projects.

resource:

1. Announcing CAKE.PAD by PancakeSwap: https://blog.pancakeswap.finance/articles/cake-pad

2. PancakeSwap 5th Anniversary Press Release: https://blog.pancakeswap.finance/articles/5-years-of-pancakeswap

3. Announcement of the first CAKE.PAD event at PancakeSwap: https://blog.pancakeswap.finance/articles/cakepad-whitebridge-network

4. Pancakeswap X platform: https://x.com/PancakeSwap