Recently, new token public offerings have been very profitable, with tokens flying everywhere, and everyone is busy setting up launchpads. As a major ecosystem player on the BNB chain, Pancake has finally launched a new token offering with CAKE token as collateral. Let's first introduce the new token project.

Project Introduction

WhiteBridge is a tool that uses AI robots + decentralized data network (DePIN) to help you mine connections and investigate backgrounds. It scrapes data from publicly available online sources (such as LinkedIn, Twitter, court records, etc.), and AI helps verify authenticity and analyze risks, generating reports.

This project was previously listed in the 10th batch of MVB on BSC, with $3 million in annual revenue and over 100,000 users, making it a project with real revenue.

It has already raised $250,000, with a VC cost of $0.01, and the key point is that the new token offering cost is $0.008. With an $8 million market cap, it has now been listed on Binance Alpha, with an estimated opening market cap of $50 million, expecting a 6x return.

Total token supply is 1 billion, with 19% initially circulating, of which retail investors' initial circulation share is approximately 8%, mainly coming from IDO (4.5%) + Alpha (3%) + airdrop (0.2%).

New Token Offering Returns

The total new token offering is 2% of the tokens, at a price of $0.008. With a $10 million market cap, it raises $160,000, using an oversubscription model, where the more you apply, the more you earn. However, Pancake has now introduced a tax model.

Currently, the circulating market cap of CAKE is $1.1 billion, and the amount of CAKE available for lending on Venus, the main lending platform on the BSC chain, is $50 million, with an annualized interest rate of around 7%, while exchange-based lending has an annualized interest rate of over 10%. Therefore, the total new token offering amount is estimated to be between $50 million and $100 million.

New Token Offering Operation

Loan website: https://venus.io/

Collateral website: https://pancakeswap.finance/cakepad?chain=bsc

Official website:   https://pancakeswap.finance/cakepad

Official Twitter:   https://x.com/PancakeSwap

Note: This article is only for information sharing reference and does not constitute any investment advice. DYOR.

Author: Evan, ChainThink

Editor: Aaron, ChainThink