Pankcake Swap

What is PancakeSwap?

PancakeSwap is the leading decentralized exchange on Binance Smart Chain.

PancakeSwap runs on Binance Smart Chain, a blockchain with much lower transaction costs than Ethereum or Bitcoin.

Trade directly from your wallet app. Unlike centralized exchanges like Binance or Coinbase, PancakeSwap doesn’t hold your funds when you trade: you have 100% ownership of your own crypto.

PancakeSwap is a type of DEX known as an automated market maker (AMM). This essentially means that there are no order books, bid/ask system or limit/market orders.

Now, PancakeSwap can be considered an entire ecosystem of DeFi tools, all of which are built around the platform’s native utility token — CAKE.

As a decentralized application (DApp), PancakeSwap is generally accessed through a supported Web3 wallet, such as MetaMask, TrustWallet, or WalletConnect.

What is CAKE?

CAKE, a native utility token of PancakeSwap, is used for a variety of purposes within the growing landscape. Its main functions are yield farming, staking, participating in the PancakeSwap Lottery, and making and voting on governance proposals through the platform's community governance portal.

Earn tokens with Syrup Pools

Earn CAKE with Yield Farms

Earn Trading Fees

Lottery

NFT Collectibles

Prediction

Win BNB if you can predict whether the BNB price will rise or fall. New rounds every 5 minutes!

Bibliography：

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https://coinmarketcap.com/alexandria/article/what-is-pancakeswap⁠

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https://docs.pancakeswap.finance⁠

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