Discussion for Proposal to Official Launch Mancake as a PCS Affiliate on Mantle Network

Aims of the Proposal:

  • To officially deploy ‘Mancake’, based on PCS’s core contracts, on Mantle Network in resonance with PCS’s multichain expansion strategy; the “PancakeSwap Affiliates” initiative.
  • To assist the PCS protocol in being up-to-date with the crypto industry’s developments & provide values accrual to PancakeSwap and CAKE token holders
  • To successfully scale the growth of Mancake, as a PCS affiliate fork, through the recognition and support from the PCS ecosystem.

MancakeSwap Overview

MancakeSwap; or ‘Mancake’ - is an affiliate fork of PancakeSwap (a comprehensive decentralized exchange) on Mantle Network. Officially supported by both PCS and Mantle Network, Mancake provides users with an all-in-one service to trade, earn, and own various cryptocurrencies in a trustworthy environment with a user-friendly interface. By focusing on DEX service offerings on Mantle Network, Mancake stands out as the best go-to platform that provides deep liquidity and top-class execution for native tokens on the chain. Furthermore, Mancake allows protocols to build deep liquidity in a capital-efficient manner by directing token emissions to their pools.

Key Features of Mancake Include:

Swapping/Trading
Mancake lets users trade without the need to go through a Centralized Exchange — all transactions are routed directly through your wallet; all are decentralized!

Liquidity Pools
Providing liquidity on Mancake will get you LP Tokens, earning you rewards in the form of trading fees.

Yield Farming
Yield farming lets liquidity providers earn rewards by locking their LP tokens into a smart contract, to balance the risk of impermanent loss.

Permissionless Pools, Gauges, and Incentives
Introducing veToken system. Voters can vote on token emissions and receive incentives and fees generated, allowing them to build liquidity at a low cost.

Main Rewards for PCS + Community:

  • Mancake allocates 3% of its supply to PCS
  • Mancake allocates 3% of its supply to veCAKE stakers
  • Mancake will pay PCS 60% of all deployed product revenues (e.g. ongoing LP fee revenues) monthly to PancakeSwap

What Mancake Needs from PCS:

  • Include Mancake as part of the PancakeSwap affiliate/extended network with a link to the DEX under our supported networks, and provide co-marketing support on a selective basis.

  • Provide tech support as required, such as the full set of PCS-developed products without reliance on external partners (i.e. swap, liquidity, farm, upcoming PCSv4, staking, trading reward, Syrup pools, lottery, NFT, info, IFO) with tech support to help get Mancake up and running.

  • At a future time, if Mancake also acts as a filler when PCSX is established, we will integrate such DEX into PCSX And preferentially execute trades via Mancake if the execution of the relevant token price is <1% worse than the best option available on that chain.

Timeline of Deployment / Roadmap

  • 26 March to 28 March: Community Feedback and Discussion
  • 29 March: Posting of Governance Proposal on PCS
  • The first week of April 2024: Launch of social media accounts, landing page and the start of the marketing campaign
  • Last week of April 2024: MancakeSwap DEX Deployment; the official launch
  • Q2 2024: TGE
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JelloMancake, can you give any details about the team behind this initiative? I am not asking for dox unless you want. Just to know how many people, roles and connections.

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If you can’t work that out…Who is going to run a DEX with such tokenomics, when it isn’t the current team in place?

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[quote=“cryptocollies, post:4, topic:511, full:true”]
This is an EXCELLENT proposal for affiliate program. Mantle is top tier network/blockchain, & the Mancake DEX will be very profitable with high success probablitiy.
veCAKE holders should be rewarded a 50-50 allocation of the 60% of deployed product revenues with the PCS kitchen. That would be fair & a good incentive for both the PCS community & kitchen.
And 4% of MC supply should be given to veCAKE holders & 2% of the PCS kitchen.
(from what i see veCAKE holders are NOT being incentivised enough at the current rates & slight adjustments like example above would be much appreciated by veCAKE holders)

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And 4% of MC supply should be given to veCAKE holders & 2% to the PCS kitchen.

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I agree with the no less important question… Who is behind this initiative or project? How many people are there and what roles do they play? Anonymity is understood, although sometimes it is difficult to assimilate this, when we also talk about funds and money that is ultimately tangible to each of us who believe in Pancakeswap and Cake. I have been supporting Pancakeswap for several years, however when new characters appear in this story, they make me think a lot.

It is good to mention that whether the team is known or not, in both cases there have historically been problems so I also think there is not too much difference. One of the many examples can be the “rug pulling” of projects with anonymous teams and in known teams there are blockfi, celsius, among others that also failed. But it would be quite good to know how you can mitigate the probability that this or any other partner could bring risks to the Pancakeswap ecosystem, which despite anything over time has proven to be a great project and always goes for more. It is one thing to support Pancakeswap and another to support other projects or initiatives, basically what is the criterion. What is the filter?

Not to sound rude, but a few pretty, bunny-like images from Pancakeswap just don’t seem like enough to me.

Greetings and congratulations as always to the team of Chefs. I have no doubt about the excellent work they are doing.

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Wheres the proposal?

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Was this proposal forgotten? What happens with this initiative? The initial presentation looked promising, but they seemed to stop responding. I want to remind the presenter of this initiative and without sounding rude to the Chefs team that Cake together with Pancakeswap are a community and since the forum is part of it, it would be in quite bad taste for this type of initiative to be “in closed-door conversations” and then be “imposed” on the community, which in reality is precisely the opposite, decentralization, and act as a DEX. Due to this fact, I also agree to increase the percentage of MC that would go to Cake holders, understanding that in recent years it has not had a performance as many of us expected. Always being a faithful follower and believer of Pancakeswap, I hope it can emerge in a good way and form, and in time to be able to see it in the top 10 cryptocurrencies according to capitalization, number of users, and finally as a successful project. Greetings and blessings.

1 Like

Hi @TikiTiki

We apologize for the delay on the proposal to be published and would like to send our appreciation for your valuable suggestions. From the community feedbacks, it turns out that we need more time to finalize some details of the tokenomics and to add more team info to the proposal. The proposal will be ready within few days time.

Please stay tuned and thanks in advance for your patience and understanding.

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Hi @Dan2425

We apologize for the delay on the proposal. It turns out that we need more time to finalize some details of the tokenomics and to add more team info to the proposal. The proposal will be ready within few days time.

Thanks in advance for your patience and understanding.

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Mancake Additional Information for PCS Community

GM PCS Community,

First of all, we apologize for the delay in publishing the proposal and would like to express our appreciation for all of your valuable suggestions. Based on community feedback, we have taken additional time to fine-tune certain aspects of the tokenomics to ensure it optimally benefits the Mancake and Pancake ecosystem. Rest assured, the proposal will be published within the next few days.

In the meantime, we are eager to share more information about the team, as well as the tokenomics of $MCAKE.

TEAM BACKGROUND:

The development team of MancakeSwap comprises 5 core members with expertise in full stack development, business & marketing, and tokenomics design. With extensive experience in digital product design, we collaborate closely with the PCS core team to deliver the best results for the PCS community and Mancake users. Additionally, for business development and advisory support, Mancake team is backed by two key parties: Impossible Finance (an experienced multi-chain incubator and launchpad) and Cleverse Ventures (early stage incubator & investment fund) to ensure a successful product launch.

Peppa Mancake (Project Lead)
As the strategic head and project lead, Peppa brought together invaluable connections such as Impossible Finance, and Cleverse Ventures to the project. Leveraging these strategic partnerships with his product development experience, he enhances the project’s visibility, fosters collaboration, and explores growth opportunities within the blockchain ecosystem. Peppa boasts over 5 years of full-time experience in the blockchain industry, providing invaluable insights and leadership to drive the project forward.

Oppa Mancake (Full-time Dev Dad)
A former Ex-Google Developer Expert (GDE), Oppa holds a Master’s degree in Robotics and Intelligence Science. With over 10 years of experience in full-stack development and 4 years of expertise in Solidity, Oppa is now deeply passionate about blockchain technology and its potential to revolutionize various industries. Now he’s doing a double-job as a full-time toddler dad.

Mappa Mancake (Bulking Dev)
Mappa is a Solidity developer and a smart contract security specialist. As a seasoned blockchain engineer, Mappa brings 3 years of expertise in Solidity and smart contract security to the project. His meticulous approach ensures that the project’s smart contracts are not only functional but also robust and secure against potential vulnerabilities, contributing to the project’s success and credibility.

Boba Mancake (Not Quite Healthy Dev)
As a blockchain researcher and developer, Boba is a skilled smart contract engineer with over 5 years of experience. He has been a core contributor in numerous open-source web3 industry projects and is responsible for developing the project’s front end, showcasing his expertise in research and development within the blockchain space.

Jello Mancake (Leaning BD Bunny)
The Chief-of-Staff of Mancake. She does everything that needs to be done.

TOKENOMICS:


*Note: Mancake edited the table due to a number mistake at ‘Minting & Community Amount’ from 550,000,000 to 450,000,000.

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So can you actually link to core teams profiles or can you provide insight to prior roles, if not can safely assume your team is simply Pancakeswap under new alias as it seems odd to detail such specific industry backgrounds without providing actual project history.

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hi @cryptocollies and @TikiTiki

The Kitchen will retweak the token allocation to pass on more tokens to veCAKE stakers in the upcoming voting proposal.

thanks for the feedback

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hi @Nectar

The Mancake team is not part of the Kitchen. PCS has always expanded to new chains under the main PCS brand (see for example, our very recent Twitter/X announcement on the upcoming deployment on Monad).

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When is the proposal coming?

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You are lying, it’s very obvious. The fact there is no proof of identity/history with the proposed team makes that quite clear it is an extension of current operations but you are taking a different approach here for funding.

Coming soon next Monday :slight_smile:

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A post was split to a new topic: About v4 and Roadmap Q2

That sounds great. Thank you very much ChefMochi however a 4 year waiting period for veCAKE holders is incorrect incentive & veCAKE holders need to be able to trade freely by FEB 2025. please amend to unlcok 10% ea month for next 10 months upon launch so 100% of airdrop sis freely tradable within 10 months of launch for veCAKE incentives to be farly distributed thank you
Mancake tokens are better in the hands of long term holders who wish to hold for 4 years & letting short term holders leave appropriately
We dont want weak hands holding Mancake for 4 years this would detrimental to the repect of the airdrop too as the best airdrops are the ones that are tradable straight away with great unlocking shedule within first 12 motnhs of launch thank you for your time
Also veCAKE holders wish to use their tokens to add liquidity & use the entirerity of the new DEX functions without waiting 4 years for tokens to unlock. Thanks again

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Awesome thank you very much however a 4 year waiting period for veCAKE holders is incorrect incentive & veCAKE holders need to be able to trade freely by FEB 2025. please amend to unlcok 10% ea month for next 10 months upon launch so 100% of airdrop sis freely tradable within 10 months of launch for veCAKE incentives to be farly distributed thank you
Mancake tokens are better in the hands of long term holders who wish to hold for 4 years & letting short term holders leave appropriately
We dont want weak hands holding Mancake for 4 years this would detrimental to the repect of the airdrop too as the best airdrops are the ones that are tradable straight away with great unlocking shedule within first 12 motnhs of launch thank you for your time
Also veCAKE holders wish to use their tokens to add liquidity & use the entirerity of the new DEX functions without waiting 4 years for tokens to unlock. Most veCAKE holders want to at the forfront of the new DEX on Mantle chain immidiately without waiting 4 years for our airdrops to unlcok…by allowing veCAKE token holders to use Mancake tokens ASAP this will unsure user engagerment straight away on the new DEX Thanks again

2 Likes