Blocto’s BLT Launch in Aptos Network and Syrup Pool with Pancake Swap

03/06/2023 04:55 • Tech Ticker • 130 views

According to the official news, Blocto, a cross-chain smart wallet, announced that its native Token BLT has been launched on Aptos network, and cooperated with Pancake Swap to launch a syrup pool. Users can earn BLT income by pledging CAKE. According to the official introduction, there is currently no official BLTToken bridging or transmission service for Blocto, and the relevant information will be released at least 5 days before the release; The BLT originally sent to Aptos network will be used for liquidity provision and Blocto ecological fund on Aptos.

Blocto native Token BLT launched Aptos network and launched syrup pool in cooperation with PancakeSwap

Interpret the above information:

Blocto, a cross-chain smart wallet, recently announced the launch of its native token BLT on the Aptos network. Furthermore, in September 2021, Blocto announced that it has partnered with Pancake Swap, a decentralized exchange on Binance Smart Chain. The two companies have also launched a syrup pool where users can earn BLT income by pledging CAKE.

According to the official announcement, there is currently no official BLTToken bridging or transmission service for Blocto, and the relevant information will be released at least five days before the release. This announcement clarifies that users cannot currently transfer BLT from Blocto to Aptos or vice versa. The company also mentioned that the BLT originally sent to Aptos network will be used for liquidity provision and Blocto ecological fund on Aptos.

Blocto’s decision to launch its native token BLT on Aptos network is a significant move in the blockchain industry, as both Aptos and Pancake Swap have been gaining popularity among blockchain enthusiasts. Aptos is a decentralized blockchain that is expanding, and it is aiming to build an open, fair, and secure financial ecosystem. Meanwhile, Pancake Swap is one of the most popular decentralized exchanges (DEX) on the Binance Smart Chain, with over $500 million in daily trading volume.

The syrup pool created by Blocto and Pancake Swap provides users with an opportunity to earn BLT by pledging their CAKE digital assets, which is Pancake Swap’s native token. The partnership between Blocto and Pancake Swap is in line with their efforts to expand their respective ecosystems while providing users with competitive yields.

In conclusion, Blocto’s collaboration with Aptos and Pancake Swap will enable the company to increase the token’s liquidity while providing users with lucrative earning opportunities. The initiative is a significant milestone towards Blocto’s goal of expanding its footprint in the blockchain industry.

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