Blocto wallet launches BLT Token on Aptos Network and Syrup Pool on Pancake Swap

03/06/2023 04:55 • Digital Disruptors • 107 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

Are you familiar with Blocto? A cross-chain smart wallet that aims to help users seamlessly manage their decentralized finances across multiple chains. In exciting news, Blocto has announced the launch of its native Token BLT on the Aptos network. What’s more, it has partnered with Pancake Swap to launch a syrup pool where users can earn BLT income by pledging CAKE.

Understanding BLT Token

Before delving into the news, it’s essential to understand BLT token’s significance. BLT stands for “Blocto Token,”, which operates as a virtual currency that is currently only available on Blocto. It is designed to offer users access to various products and services available within the Blocto ecosystem. Users can earn BLT by completing various tasks like inviting friends or participating in events.

Launching on Aptos Network

In a recent announcement, Blocto officially launched the BLT token on the Aptos network. Aptos network is a relatively new Ethereum-compatible Layer 2 scaling solution that offers faster and cheaper transactions while maintaining interoperability with Ethereum. This partnership aims to address the critical issues like high transaction fees and network congestion that have been plaguing the Ethereum network.

Partnering with Pancake Swap

Blocto’s collaboration with Pancake Swap is equally exciting. Pancake Swap is a decentralized exchange that operates on the Binance Smart Chain (BSC). The Syrup Pool on Pancake Swap offers a yield farming opportunity where users can earn BLT income by pledging their CAKE tokens. This partnership aims to offer users more value for their tokens while incentivizing users to use the Blocto ecosystem.

Current BLT transmission bridges

Currently, there are no official BLT Token bridging or transmission services for Blocto. This means users can only deposit and withdraw BLT on Blocto. However, Blocto has assured its users that relevant information will be released at least five (5) days before the release; this aims to ensure that users have enough time to adjust their trading strategies accordingly.

Using BLT for liquidity provision and Blocto ecological funds

The BLT tokens that were originally sent to the Aptos network will be used for liquidity provision and Blocto ecological funds on Aptos. This is an essential step in creating and developing more use cases for the BLT token while ensuring a sustainable ecosystem.

Conclusion

Blocto’s launch on Aptos Network and its partnership with Pancake Swap marks significant strides in creating more use cases for the BLT token while providing value for users. This partnership aims to improve the user experience while providing sustainable solutions for the crypto ecosystem.

FAQs

1. What is Blocto, and how does it work?

Blocto is a cross-chain smart wallet that aims to help users seamlessly manage their decentralized finances across multiple chains. It provides users with a secure platform to store, transfer and manage their assets.

2. What is the significance of the BLT Token?

BLT stands for “Blocto Token,” which operates as a virtual currency that is currently only available on Blocto. It offers users access to various products and services available within the Blocto ecosystem.

3. How can I earn BLT income?

Users can earn BLT income by pledging CAKE tokens on the Syrup Pool on Pancake Swap.

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