Cryptocurrency
pancake
CAKE
PancakeSwap
pancake
2.496
-6.87%
≈2.499
Circulating Supply / Total Supply
292835471/371860330
65.1%
Trading Volume / 24H%
219705353.733496
-6.86%
#80
24H Turnover Rate
30.03%
The field of decentralized finance (DeFi) is developing rapidly, and new tools for DeFi tokens and trading platforms continue to emerge. One of the fastest growing DeFi projects is PancakeSwap.
In the currency circle, PancakeSwap is the number one AMM and revenue farm on the Binance smart chain. The so-called AMM is also called an automatic market maker. A new virtual currency without sufficient liquidity at the beginning will definitely not go far. The existence of automatic market makers is to solve this problem. The reason why PancakeSwap can make money through mining is because we played this role.
It not only allows you to trade, store and pledge assets, but also participate in various lotteries. On PancakeSwap, you can not only exchange BEP-20 tokens, but also pledge CAKE and get rewards in Binance Coin cryptocurrency. PancakeSwap is also a liquidity mining pool for CAKE tokens and a profitable agricultural service provider. Support for lottery and NFT tokens distinguishes PancakeSwap from other trading platforms. Holders of CAKE tokens can bet on other SYROP tokens with advanced features (including participation in lotteries). As far as NFT is concerned, these token cards can be bought and sold through CAKE.
September 22, 2021
PancakeSwap, a decentralized trading platform on BSC, plans to launch NFT MarketPlace on September 22 and start casting NFT PancakeSquad. All fee revenues from both NFT MarketPlace and PancakeSquad will be used to buy back and destroy CAKE.
April 23, 2021
PancakeSwap's new fee structure will charge 0.25% of the fee, of which 0.17% will be distributed to LP token holders, 0.03% will be put into the Treasury, and 0.05% CAKE will be bought back and burned.
March 15, 2021
The official Twitter account said the site's DNS had been breached by a third party and warned users not to visit the site or submit private keys.
