What is PancakeSwap?
PancakeSwap is a decentralized exchange (DEX) built on multiple blockchains, including Binance Smart Chain, Ethereum, Base, and zkSync Era. It utilizes an Automated Market Maker (AMM) model, allowing users to trade BEP-20 tokens directly from their wallets without the need for a centralized exchange. The platform features liquidity pools, staking of its native token CAKE, lending and providing liquidity, Initial Farm Offerings (IFOs), perpetual trading, and an NFT marketplace.
PancakeSwap goals
The purpose of PancakeSwap is to provide a decentralized platform for users to trade cryptocurrencies without the need for a centralized exchange. The project aims to solve the problem of limited access to decentralized exchanges and provide a user-friendly interface for trading. Potential use cases and applications of the technology include decentralized finance (DeFi), non-fungible tokens (NFTs), and yield farming.
PancakeSwap fondamentals
PancakeSwap's native cryptocurrency token is CAKE. The total supply of CAKE is 371860330 CAKE. It is used for trading fees and rewards. There is a 0.25% fee applied to each swap, and holders of CAKE are eligible to receive a portion of trading fees collected on the platform.
Marketcap
$0.78349468B
Total number of PancakeSwap
371860330 CAKE
PancakeSwap technology
PancakeSwap's technology is based on an Automated Market Maker (AMM) model, which allows users to trade against a liquidity pool rather than directly with other users. The platform utilizes smart contracts to facilitate trades and manage liquidity pools. Its blockchain is primarily Binance Smart Chain, but it has also expanded to other blockchains such as Ethereum, Base, and zkSync Era.
PancakeSwap competitors
PancakeSwap differentiates itself from competitors through its focus on community engagement, quick integration of new projects, and innovative features such as fixed-term staking and prediction markets. Its competitive advantages include a user-friendly interface, a wide range of trading pairs, and a strong community of users.
PancakeSwap price history
Frequently asked questions
PancakeSwap's native cryptocurrency token is CAKE.
There is a 0.25% fee applied to each swap on PancakeSwap.
CAKE token is used for trading fees and rewards on PancakeSwap.
PancakeSwap offers various trading options, including liquidity pools, staking, lending and providing liquidity, Initial Farm Offerings (IFOs), perpetual trading, and an NFT marketplace.
Yes, PancakeSwap is available on multiple blockchains, including Binance Smart Chain, Ethereum, Base, and zkSync Era.
PancakeSwap's competitive advantages include a user-friendly interface, a wide range of trading pairs, and a strong community of users.
PancakeSwap's technology is based on an Automated Market Maker (AMM) model, which allows users to trade against a liquidity pool rather than directly with other users.
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