PancakeSwap has launched CAKE.PAD, a new platform for early access to tokens, simplifying the process for users to participate in token events before they are listed on exchanges. Unlike the previous Initial Farm Offering (IFO) model, CAKE.PAD requires only holding and submitting CAKE during the event, eliminating the need for staking pools or lock-up periods. All CAKE fees collected through CAKE.PAD will be permanently destroyed, reducing the overall supply. The new system allows CAKE holders to participate in multiple events without restrictions, and a tiered subscription tax will apply if there is oversubscription. PancakeSwap plans to announce the first batch of early token events soon, offering a streamlined approach for users to engage with new token offerings.