As per the latest reports, DeFiDrop has made a huge announcement for its users as well as the users of PancakeSwap. The firm has announced that after such a long amount of time and effort, it has managed to get its native token enlisted on PancakeSwap.
As the name suggests, DeFiDrop is a platform, known for providing incubator and specialized launchpad services to the users in the decentralized finance sector. Although the project is new in the decentralized finance (DeFi) industry, yet it has gained a decent amount of adoption and user base.
The firm is observing that many users are joining the project because of its unique nature. The services offered by the platform are the very reason why even many startup projects are being attracted to the platform.
The firm has announced to the entire crypto-community that its native token “DROPs” is now listed on the PancakeSwap protocol. PancakeSwap is one of the largest and most prominent cryptocurrency exchanges in the entire world.
DeFiDrop had reportedly made the official announcement around the listing of its native token on PancakeSwap on April 11, 2021. The firm had reportedly done it through the Twitter platform, which is one of the largest social media interaction platforms in the entire world.
At the time of the announcement, the teams at DeFiDrop had announced that 15% of the DROPS users who join the PancakeSwap exchange within the first 24 hours of the launch would receive one DROPS coin free.
The firm had announced that the token would be given to the users as a rewarding system for being loyal and dedicated users to the DROPS protocol.
The PancakeSwap exchange has also gained a lot of name and recognition for being one of the supportive platforms in the entire crypto-verse. Even if the digital asset is new and is yet to gain much recognition, all the firm does is check its aim and goes on to enlist it through its platform.
The exchange is also known for being very cooperative and easy to understand and operate among its users/investors. Similar to some of the largest names in the crypto-verse such as Binance, Coinbase, and KuCoin, etc. PancakeSwap has also gained much recognition as a crypto exchange.
PancakeSwap also has its own native token that is known as CAKE, and it has a huge user following.
At the time of writing, the market capitalization of CAKE is around $4.10 billion, making it’s the 35th largest cryptocurrency by market capitalization.
On the other hand, DeFiDrops is also determined to introduce new products to its users in the coming weeks. The protocol was seen making promises to its users for the introduction of new products through its Telegram channel.