Disclaimer and Risk Warning: This content is for informational and educational purposes only and does not constitute financial, legal, or professional advice. It is not a recommendation to purchase any specific product or service. Please consult with qualified advisors for personalized guidance. Participation in the IFO involves risks and may be restricted in some areas. Ensure you comply with local laws and regulations before participating.

PancakeSwap is excited to announce the upcoming Initial Farm Offering (IFO) for Listapie! Listapie, a subDAO managed by Magpie, is designed to enhance engagement within Lista DAO by locking LISTA tokens for governance and rewards. Here's everything you need to know about Listapie and how to participate in the IFO.

What is Listapie?

Listapie empowers users to convert LISTA tokens into mLISTA, unlocking governance rights and active engagement rewards in Lista DAO. Depositors on Listapie can enjoy boosted yields without locking their LISTA as veLISTA. mLISTA holders can freely exit their positions by trading in secondary markets.

What is LTP?

LTP is Listapie's governance token, offering holders the following utilities:

• Governance: Participate in Lista DAO and Listapie governance. vlLTP holders gain a share of Listapie's voting power in Lista DAO.
• Revenue Sharing: vlLTP holders earn a share of Listapie's performance fees and voting bribes.

You can check out the detailed LTP tokenomics below:

IFO Details

• Start Time: 21 Jan 2025, 10:00 UTC
• End Time: 22 Jan 2025, 10:00 UTC
• Token Vesting: 100% of tokens will be unlocked on 27 Jan 2025, 14:00 UTC
• Amount to Raise: $300,000
• Tokens to be launched via IFO: 300,000 LTP
• Price Per Token: 1 LTP = $1 USD
• Accepted Token: CAKE
• Participation Fee: A flat 1% participation fee will be charged for the Public IFO, but there will be no fees for the Private IFO.

Note:

• Tokens will be available for trading starting on 27 Jan 2025, around 14:00 UTC.
• All CAKE raised (excluding fees) will go directly to Listapie. Only the CAKE collected from participation fees will be burned.

How to Participate in the LTP IFO?

The IFO will take place in two phases: a Private IFO and a Public IFO. Participation criteria and token allocations differ for each phase.

1. Private IFO (10% of Tokens)

• Tokens Available: 30,000 LTP
• Eligibility: PancakeSquad NFT holders or users with ≥1,700 profile points.
• Max Allocation per User: $200.
• How it Works: To participate, commit CAKE during the IFO period. If the IFO is oversubscribed, unspent CAKE will be refunded.
• Example: If you commit 50 CAKE in the private IFO and the total commits amount to 500 CAKE, you will receive 3,000 LTP tokens (10% of the private IFO allocation). Any unspent CAKE can be reclaimed after the launch.

2. Public IFO (90% of Tokens)

• Tokens Available: 270,000 LTP
• Eligibility: Based on your veCAKE holdings. If you don't have veCAKE, you can lock CAKE to receive veCAKE on PancakeSwap.
• iCAKE Ratio: Users who lock CAKE as veCAKE will have a 5x iCAKE:veCAKE ratio, meaning for every veCAKE, you can commit up to 5 times that amount of CAKE
• Example: If you lock 100 CAKE for 4 years to get 100 veCAKE, you can commit up to 500 CAKE in the Public IFO. If you commit 500 CAKE and the total commitment from all participants is 5000 CAKE, you will receive 27,000 LTP tokens (10% of the public IFO allocation). Any unspent CAKE can be reclaimed after the launch, minus a 1% fee on the excess committed funds.

Important Notes

✅ Please verify the LTP contract address before making any trades. Contract Address: https://bscscan.com/token/0x56fA5F7BF457454Be33D8B978C86A5f5B9DD84C2

Disclaimer:

• Listapie is not operated, owned, or controlled by PancakeSwap. All information regarding Listapie is provided by the Listapie itself, and PancakeSwap does not endorse or take responsibility for the accuracy or reliability of the information.
• Participation in the Listapie launch is entirely at your own risk. PancakeSwap is merely hosting the event and is not responsible for any outcomes or issues related to the Listapie or its operations.
• Ensure compliance with local laws and regulations regarding cryptocurrency in your jurisdiction.
• The information provided is not financial advice and does not constitute a solicitation or endorsement to buy, sell, or invest in digital assets.
• Cryptocurrencies carry significant risks, including the potential loss of your entire investment. We strongly recommend seeking professional advice before making financial, investment, or trading decisions.

Have more Questions?

For more details, visit our community forum or join the discussion on Telegram.