PancakeSwap community to vote on proposal for Sable Finance IFO

July 21, 2023 11:21 PM AEST | By Invezz

PancakeSwap community to vote on proposal for Sable Finance IFO — Image source: Invezz

When will the IFO take place?

Per the IFO sale details, both the private and public sale will be between 1200 UTC and 1400 UTC on Wednesday, July 26, 2023. The private sale will only be open to PancakeSquad NFT holders, or users with 1,000+ points. On the other hand, the public sale will be open to anyone with CAKE tokens and is able to stake in the SABLE Syrup pool.

Sable Finance targets raising $780,000 from the sale, with 13,000,000 SABLE representing 13% of its total supply on offer. The price per token will be $0.060.

According to PancakeSwap, the token vesting schedule for the 13 million SABLE has been highlighted as 20% immediate unlock after the sale, while the remaining 80% will be unlocked block-by-block over the next 90 days.

CAKE, PancakeSwap’s native token, was trading around $1.55 at the time of writing. According to data from CoinGecko, the token’s price has declined by about 3% in the past week but is up 11% over the past 30 days.

The post PancakeSwap community to vote on proposal for Sable Finance IFO appeared first on Invezz.

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