Bittime -PancakeSwap (CAKE) is a decentralized platform that offers various financial services such as token swapping, yield farming, staking, and Initial Farm Offerings (IFOs) .
The platform runs on Binance Smart Chain (BSC) and offers various attractive features such as low transaction fees, high speed, and an active community. CAKE, PancakeSwap's native token, is used for various purposes on the platform, such as paying fees, earning rewards, and participating in governance.
Check Today's Crypto Market:
What is PancakeSwap (CAKE)?
PancakeSwap (CAKE) is a decentralized Automated Market Maker (AMM) running on the Binance Smart Chain (BSC) . PancakeSwap allows users to swap BEP-20 tokens, provide liquidity, and earn yield farming rewards.
PancakeSwap (CAKE) Key Products & Features
- Swapping: Allows users to swap BEP-20 tokens with low slippage and best prices.
- Liquidity Farming: Provide liquidity to token pools and earn CAKE as a reward.
- Staking: Stake CAKE to earn PancakeSwap (CAKE) and Syrup Pools rewards.
- Initial Farm Offerings (IFOs): Platform for new projects on BSC to launch their tokens.
- Lottery: A decentralized lottery system where users can buy tickets and win CAKE.
- NFT Marketplace: A marketplace for buying, selling, and creating NFTs on BSC.
What Is PancakeSwap (CAKE) Token?
CAKE is PancakeSwap's native token used for:
- Paying fees: Transaction fees on PancakeSwap are paid in CAKE.
- Liquidity Farming: CAKE is used to provide liquidity to token pools and earn rewards.
- Staking: CAKE can be staked to get CAKE and Syrup Pools rewards.
- Governance: CAKE holders can participate in PancakeSwap governance.
Also read:
Tokenomic PancakeSwap (CAKE)
- Token: CAKE
- Maximum Supply: 750,000,000 CAKE
- Circulating Supply: 277,212,523 CAKE
- Token Distribution: 40% allocated to farming, 30% allocated to team and development, 20% allocated to Syrup Pools, 10% allocated to IFOs.
PancakeSwap (CAKE) Fundamental Analysis
Source: Bittime.com
- Technology: Proven and tested decentralized AMM.
- Team: The PancakeSwap (CAKE) team consists of experienced experts in blockchain and finance.
- Community: Active and fast growing PancakeSwap community.
- Adoption: PancakeSwap is one of the most popular DEXs on BSC.
Comparison of PancakeSwap (CAKE) & Competitors
| Feature | PancakeSwap (CAKE) | Uniswap (UNI) | SushiSwap (SUSHI) |
| Blockchain | BSC | Ethereum | Ethereum |
| Trading Volumes | Tall | Tall | Tall |
| Transaction Fees | Low | Tall | Tall |
| Feature | Farming, Staking, Lottery, NFT Marketplace | Farming, Staking | Farming, Staking |
Check Crypto Prices Today:
PancakeSwap (CAKE) Founder & Team
- Anonymous: The PancakeSwap team prefers to remain anonymous.
Expert Opinion About PancakeSwap (CAKE)
- CoinGecko: "PancakeSwap (CAKE) is a popular DEX with a variety of features and an active community."
- Messari: "PancakeSwap is a solid platform for yield farming and staking on BSC."
- LongHash: "CAKE is a high risk asset with high return potCAKEi."
PancakeSwap (CAKE) Conclusion
PancakeSwap (CAKE) is a popular DEX with a variety of features and an active community. CAKE is PancakeSwap's native token which is used for various purposes. PancakeSwap is the right choice for users who want to exchange BEP-20 tokens, provide liquidity, and earn yield farming rewards on BSC.
How to Buy PancakeSwap (CAKE) on Bittime
You can buy and sell CAKE tokens in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappbeti. CAKE is available on Bittime with CAKE IDR pairing .
To be able to buy CAKE/IDR tokens on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of Bittime assets is IDR 10,000. After that, then you can purchase CAKE in the application. More Complete Guide How to Buy CAKE on Bittime .
Monitor the price chart movements of PancakeSwap (CAKE) , Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
Ark 21Shares Innovation: Staking Language Becomes New Entry into the World of Ether Spot ETFs
What is Terra (LUNA): History of the Journey from Terra Classic to Terra 2.0
What is Crypto Copy Trading? How it Works and Benefits
DISCLAIMER: This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
Comments
0 comments
Please sign in to leave a comment.