Pancake Bunny NFTs finally have a purpose
Many months ago I bought a bunch of the Cake Pancake Bunny NFTs. I was hoping they would go to the moon like crypto punks. At that time I didn't realize how important it was for the NFT to be on Ethereum or for the data to be available on Opensea. I bought way to many bunnies and they dropped in value pretty quickly. Well as of today, they have a purpose. In order to quality for Initial Farm Offerings on Pancake Swap, you need to have a Pancake Bunny as your profile picture. That is a pretty big deal. There are only 10,000 bunnies and I own like 15 of them so there are definitely less than 10,000 holders.
I am excited to be able to participate in the Initial Farm Offerings and I am also excited that Pancake Swap gave some value to their NFT. It was just a very expensive avatar incompatible with most wallets until today. I think the price could easily go to $5000 per NFT. People will pay good money to get first access to new coins. Plus, its not like its a one time charge. You will be able to get all the IFOs if you have a Pancake bunny in your wallet. If you decide to stop doing the IFOs you can sell your Bunny and it should still retain good value.
As a person stuck with a lot of bunnies, this is some of the best crypto news I have heard in many months. Long live the Pancake Bunny!