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View ChartCakepie (CKP) is a SubDAO created by Magpie to support the long-term sustainability of PancakeSwap, a leading decentralized exchange. It operates as a yield and veTokenomics service provider. The core mechanism of Cakepie involves locking CAKE tokens as veCAKE, which allows the platform to secure enhanced yields and amplified governance power within the PancakeSwap ecosystem. This process creates prime opportunities for DeFi users seeking to maximize their returns and influence. The project operates on the BNB Smart Chain (BEP-20), leveraging its high-performance infrastructure for fast and cost-effective transactions. The total supply of CKP is capped at 10,000,000 tokens. The project launched in 2024, with its public sale taking place on PancakeSwap in January of that year.
Cakepie was created by Magpie, a parent organization in the DeFi space. Magpie designed Cakepie as a SubDAO specifically to bolster the long-term sustainability of PancakeSwap. While the parent entity Magpie is known for creating the project, detailed public information regarding the specific individuals or founding team members behind Cakepie is currently limited. The project's documentation and official channels serve as the primary sources of information regarding its development and strategic direction.
Cakepie functions by locking CAKE tokens, the native token of PancakeSwap, into a veCAKE model. This process is central to its operation as a yield and veTokenomics service provider. By locking CAKE, Cakepie secures enhanced yields and amplifies its governance power within the PancakeSwap ecosystem. Users can participate by locking their CKP tokens to gain governance power, participate in revenue sharing, and engage in the voting system. This decentralized approach ensures that stakeholders have a significant say in the platform's future direction. The integration with PancakeSwap through veCAKE locking not only boosts yield generation but also strengthens the governance framework, allowing users to influence key decisions within the broader PancakeSwap ecosystem.
Cakepie's unique value proposition lies in its dual benefit of financial rewards and governance participation. By acting as a SubDAO of Magpie and focusing on PancakeSwap, it provides a specialized service that enhances yield generation while simultaneously amplifying governance power. This is achieved through the strategic locking of CAKE tokens as veCAKE. The platform's decentralized approach fosters a community-driven environment where stakeholders can significantly influence the platform's future. Furthermore, operating on the BNB Smart Chain ensures fast and secure transactions with low costs, enhancing accessibility and efficiency for users seeking robust DeFi solutions. Its categorization as both a Yield Aggregator and a Governance token highlights its multifaceted role in the DeFi landscape.
The CKP token serves multiple critical functions within the Cakepie ecosystem. Primarily, it is used for governance. Users can lock their CKP tokens to gain governance power, giving them a voice in the platform's decision-making processes. This includes participation in the voting system on key proposals and directions for the SubDAO. Additionally, holding and locking CKP allows users to participate in revenue sharing, benefiting from the yields generated by the platform's activities within the PancakeSwap ecosystem. This creates a symbiotic relationship where active participation is rewarded with both financial incentives and influence over the project's future.
The Cakepie ecosystem is developing around staking and liquidity provision. Its integration with PancakeSwap through veCAKE locking is a foundational element, designed to boost yield generation and strengthen the governance framework. The project has seen several key events since its launch, including a public sale on PancakeSwap in January 2024 and the approval of a compensation process following CIP #16. Token unlocks are scheduled for the Treasury, Ecosystem, and Strategic Round, indicating a structured approach to token distribution over time. The ecosystem also includes associated projects like Magpie, PancakeSwap, mCAKE, and CAKE, creating a network of interconnected DeFi services. The project has a presence on various data aggregators and a community on social platforms like Telegram and X.
Cakepie (CKP) is not a mineable cryptocurrency in the traditional sense, as it operates on the BNB Smart Chain, which uses a Proof-of-Stake consensus mechanism. Instead of mining, users can acquire CKP through various means. The primary method is through staking and liquidity provision. Users can lock their CKP tokens to gain governance power and participate in revenue sharing. The token distribution model includes allocations for mining incentives, with a 5% TGE and vesting over weeks 1, 2, and 3. Additionally, users can acquire CKP on the open market through supported trading venues or by providing liquidity to trading pairs such as CKP/BNB on PancakeSwap. Participation in the ecosystem's staking and liquidity pools is the primary way to earn CKP rewards.
Keeping your Cakepie (CKP) tokens safe requires adherence to standard cryptocurrency security practices. Since CKP is a BEP-20 token on the BNB Smart Chain, you should store it in a reputable wallet that supports BSC assets. This includes hardware wallets for maximum security or well-established software wallets. Always safeguard your private keys and seed phrases; never share them with anyone. Be vigilant against phishing attempts and only interact with official Cakepie and PancakeSwap websites and verified smart contracts. The official contract address is 0x2b5d9adea07b590b638ffc165792b2c610eda649. Before making any transactions, double-check addresses to avoid errors. As with all crypto assets, the market is volatile, and you should only invest what you can afford to lose. Consider consulting professional advisors for financial guidance.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for CKP are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Cakepie (CKP) is $0.56546. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated CKP to USD rate at the top of BTCC’s price page. In terms of market scope, Cakepie records a 24h trading volume of $7.376415K (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $386.747605K. Its current circulating supply stands at 659.85K out of a maximum supply cap of 10M.
The price volatility of Cakepie (CKP) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (659.85K) to max supply (10M), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Cakepie (CKP) hit an all-time high (ATH) of $13.476233 on 2024-03-16 00:15, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $0.307783 on 2025-07-12 22:20. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading CKP futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume ($7.376415K), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s CKPUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Cakepie, simply log into your BTCC account with USDT margin available, navigate to the CKPUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for CKPUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $0.56546), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for CKPUSDT with zero financial risk.
Trading Cakepie (CKP) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for CKPUSDT, and review its live price ($0.56546) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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