BCGAME - Free 5BTC Daily Bonus!PancakeSwap is a decentralized finance (DeFi) application that allows users to exchange tokens, providing liquidity through farming (Farms) and earning fees in return.
The cryptocurrency was launched in September 2020 and is a decentralized exchange for the exchange of Tokens BEP20 on Binance Smart Chain. PancakeSwap uses an automated market maker model where users trade against a pool of liquidity. These pools are populated by users who deposit their funds into the pool and receive Liquidity Provider Tokens (LP) in return.
These tokens can be used later to recover your share of the pool, as well as a portion of the trading fees. These LP tokens are known as FLIP. PancakeSwap also allows users to place additional tokens, such as CAKE and SYRUP. On the farm, users can deposit LP tokens and be rewarded with CAKE.
PancakeSwap allows users to trade BEP20 tokens, provide liquidity for the exchange and earn fees, bet LP tokens to win CAKE, bet CAKE to win more CAKE and bet CAKE to win chips from other projects.
Who are the founders of PancakeSwap?
PancakeSwap is a decentralized exchange based on Intelligent Chain Binance (DEX) that was launched by anonymous developers with an apparent passion for pancakes.
What makes PancakeSwap unique?
PancakeSwap uses an automated market maker model, which means that there are no order books and liquidity pools are used instead. A user can earn income by becoming a liquidity provider; by adding their tokens to the liquidity pool, they can distribute LP tokens and bet their CAKE to earn rewards. They can also try their luck at lotteries and non-fungible chips.
O PancakeSwap CAKE token is a BEP20 token originally released on Binance SmartChain. CAKE's main function is to encourage the provision of liquidity for the PancakeSwap platform.
Users can bet their tokens to earn rewards, which is done by depositing tokens from the Liquidity Provider and blocking them. This is known as agriculture and is rewarded by the system with CAKE tokens. Tokens can be withdrawn with zero wait time. CAKE offers users the opportunity to invest and increase returns in the future, but it carries risks.
CAKE can be used to enter a lottery at PancakeSwap. Each lottery session takes 6 hours. A single ticket costs 10 CAKE and comes with a random combination of four numbers between 1 and 14, for example, 8-6-4-13. To win the jackpot, which is equivalent to 50% of the entire lottery set, the numbers on your ticket must match all four numbers on the winning ticket.
Users can also earn non-fungible tokens that can be exchanged for CAKE or kept in a wallet.
