PancakeSwap Community Farm Auction Explained 2022 - How Will It Affect Cake Token Price?

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PancakeSwap team just released their new brilliant feature - Community Farm Auctions last week.
As always, I'm here to simplify it for you, explain how it works and how I think it will affect the Cake token price!
Each week, qualifying projects can bid CAKE for the right to host a 7-day Farm on PancakeSwap.
57,380 CAKE has been BURNED through the first community farm auction!
This community farm auction is a brilliant feature by the PancakeSwap team because:
1. It creates another deflationary mechanism for Cake Tokens (bid $cake tokens are being burned)
2. It will shift more liquidity and more volume in general to PancakeSwap exchange (And guess what? More $cake will be burned!)

Let me know what you think of this brilliant feature in the comments below!

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PancakeSwap Farm Auctions Page:
https://pancakeswap.finance/farms/auc...

Application Form For Projects On BSC:
https://docs.google.com/forms/d/e/1FA...
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Other Videos:

PancakeSwap Comprehensive Guide:
https://www.youtube.com/watch?v=kYLkn...

PancakeSwap Farms Guide:
https://www.youtube.com/watch?v=baeQ-...

PancakeSwap APR Explanation:
https://www.youtube.com/watch?v=1rGWt...
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Time Stamps:
00:00 Intro
00:40 PancakeSwap Farm Auction Overview
02:02 What's the incentive for the project?
03:24 The application form
04:00 The next auction
05:02 The last auction results
06:30 The winners and how it affected their token
07:30 The cake is being burned
08:50 Liquidity and Volume are moving to PancakeSwap
10:15 FAQ
12:10 Outro
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⚠️⚠️⚠️ #PancakeSwap #Farms #Community #Auction #Investing #Crypto #DEFI #Markets ⚠️⚠️⚠️
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I do not provide personal investment advice and I am not a qualified licensed investment advisor.
I am just sharing my knowledge and my findings.
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Until next time,
Johnny Time