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 a token is listed on an exchange. Previously, IFO participation required staking CAKE, multiple participation methods, and specific requirements, which limited participation. With the new CAKE.PAD, participants only need to hold and submit CAKE during the event period. After the event, they can claim their new tokens. There is no staking pool or lock-up period required, and all CAKE fees collected through CAKE.PAD will be permanently destroyed. Furthermore, CAKE allows unlimited participation in multiple events, and a tiered subscription tax mechanism will be implemented in case of oversubscription. The first early token events will be announced soon.