# FAQ (Users)

### 1. What is a CAKE.PAD event?

* A CAKE.PAD event lets users get early access to new project tokens right as they launch.
* Users obtain new project tokens with **CAKE**.
* Projects gain liquidity, visibility, and direct access to PancakeSwap’s community.
* This can take place on BNB, Base, ARB, ETH, Linea, or opBNB

### 2. Who is eligible to participate?

* Anyone holding **CAKE**.
* No NFT profile required.
* No CAKE staking needed.
* Designed as a **fair launch** for all participants.

### 3. What are the benefits of participating in a CAKE.PAD event?

* Access new tokens early using **CAKE**.
* Potential to acquire assets at favorable entry prices before wider trading.

### 4. How long does a CAKE.PAD event last?

* Typically **24 hours** (may be adjusted if needed).

### 5. What happens if the CAKE.PAD event is oversubscribed?

* A [**Tiered Tax** ](https://docs.pancakeswap.finance/~/revisions/4JQRJCuMPHEJgYdxdVME/earn/cakepad/how-cake.pad-taxes-work-in-overflow-sales-with-example)applies **only to excess committed funds**.
* The project receives **100% of its target raise**.
* Tax rates decrease as oversubscription increases (from 1% down to 0.05%).

### 6. What is the smallest amount of CAKE.PAD partner token allocation possible?

* Minimum CAKE.PAD partner token allocation = [**1 wei**](https://www.investopedia.com/terms/w/wei.asp)**.**
* Committing a very small amount of CAKE compared to total commitments may result in receiving **no tokens**. In such cases, all committed CAKE will be refunded.

### 7. What is the participating asset?

* All CAKE.PAD events use **CAKE**.

### 8. What is the “Overflow” Sale Method?

* Users can commit any amount of CAKE.
* Token allocation is proportional to how much CAKE a user committed versus the total pool at the end of the event.
* Any leftover CAKE is refunded when claiming tokens after the sale. See [here](https://docs.pancakeswap.finance/~/revisions/4JQRJCuMPHEJgYdxdVME/earn/cakepad/how-cake.pad-taxes-work-in-overflow-sales-with-example) for a numerical example
* If heavily oversubscribed, small commitments may receive little or no allocation.

### 9. What happens if the CAKE.PAD event doesn't raise all targeted funds?

* The sale proceeds normally. All contributed funds are used.
* No participation fee is charged.

**Participants:** Receive CAKE.PAD partner tokens.

CAKE.PAD **Partner Project:** Receives leftover tokens and CAKE from the sale.

### 10. Do CAKE.PAD events support lockups with cliff schedules?

* Yes, the framework supports lockups and cliff schedules.
* Current CAKE.PAD event launches are conducted **without any lockup**.

### 11. When will I receive my purchased tokens?

* Tokens are available **immediately after the** CAKE.PAD event **ends** (if no vesting).
* Users must manually claim tokens via the PancakeSwap interface.
* For CAKE.PAD events with vesting, the schedule is displayed on the CAKE.PAD event page.
  * See [Vesting](https://docs.pancakeswap.finance/~/revisions/4JQRJCuMPHEJgYdxdVME/earn/cakepad-guide#ifo-with-token-vesting) for more info

### 12. Where can I trade CAKE.PAD partner tokens?

* CAKE.PAD partner tokens are seeded and listed on PancakeSwap as soon as the CAKE.PAD event ends.
