PancakeSwap has announced the launch of CAKE.PAD (formerly IFO), offering users a simpler and more convenient way to acquire early tokens, allowing them to participate before tokens are listed on exchanges. Previously, IFO participation required staking CAKE, multiple participation methods, and specific requirements, which limited the number of participants. With the new CAKE.PAD, participants can join by simply holding and submitting CAKE during the event. After the event, they can claim new tokens, with no staking pool or lock-up period required. All CAKE fees collected through CAKE.PAD will be permanently destroyed. CAKE also allows unlimited participation in multiple events, with a tiered subscription tax mechanism in the event of oversubscription. The first batch of early token events will be announced soon.