PancakeSwap is a decentralized crypto exchange center which is better known as DEX which allows its users to trade, swap, earn crypto without third party interference and is non-custodial.
To be able to use this platform users do not need to register and without hassle.
PancakeSwap implements automated market makers (AMM) technology that utilizes a liquidity pool filled by users, users who store crypto in the liquidity pool will get trading fee incentives. This smart contract platform is built on the PoS-based Binance Smart Chain blockchain network with Ethereum Virtual Machine (EVM) capabilities, making it possible to easily move applications from BSC to Ethereum or vice versa. Launched in September 2020, which offers lower transaction fees, fast transaction processing, lower crypto exchange fees than Uniswap. The available features have attracted a lot of users
The CAKE token is a utility token from the PancakeSwap exchange and is provided free of charge to users who become Liquidity Providers (LPs). Users holding CAKE tokens can sell or exchange them for other cryptos. Currently the CAKE token price is $3.72
ATH $44.15 was reached on April 30, 2021.
Fees
The transaction fee is 0.25% per trade, of which 0.17% is allocated to fill Liquidity Provider (LP) and 0.03% is sent to the platform's treasury.
Features
Many features are available so that users can take advantage of swapping, becoming a liquidity provider, yield farming, staking, participating in lotteries, etc.
PancakeSwap Review
PancakeSwap is built on the UniSwap base code of the Ethereum blockchain network embedded smart contracts and running on the BSC blockchain network, and has a native token called CAKE. Until now Pancakeswap has become the largest DEX application on the Binance network and has managed to attract a large number of users.
To be able to use this platform users do not need to register and without hassle.
PancakeSwap implements automated market makers (AMM) technology that utilizes a liquidity pool filled by users, users who store crypto in the liquidity pool will get trading fee incentives. This smart contract platform is built on the PoS-based Binance Smart Chain blockchain network with Ethereum Virtual Machine (EVM) capabilities, making it possible to easily move applications from BSC to Ethereum or vice versa. Launched in September 2020, which offers lower transaction fees, fast transaction processing, lower crypto exchange fees than Uniswap. The available features have attracted a lot of users
The CAKE token is a utility token from the PancakeSwap exchange and is provided free of charge to users who become Liquidity Providers (LPs). Users holding CAKE tokens can sell or exchange them for other cryptos. Currently the CAKE token price is $3.72
ATH $44.15 was reached on April 30, 2021.
Fees
The transaction fee is 0.25% per trade, of which 0.17% is allocated to fill Liquidity Provider (LP) and 0.03% is sent to the platform's treasury.
Features
Many features are available so that users can take advantage of swapping, becoming a liquidity provider, yield farming, staking, participating in lotteries, etc.
PancakeSwap Review
PancakeSwap is built on the UniSwap base code of the Ethereum blockchain network embedded smart contracts and running on the BSC blockchain network, and has a native token called CAKE. Until now Pancakeswap has become the largest DEX application on the Binance network and has managed to attract a large number of users.
