PancakeSwap CAKE
Report IssuePancakeSwap is a decentralized exchange for exchanging BEP-20 tokens. PancakeSwap uses an automated market maker (AMM) model. This means that while you can trade digital assets on the platform, there is no order book that matches you with anyone else. Instead, you trade against a liquidity pool.
Details
DEX
ByBit 
Binance 
Gate 
Score Fundraising Statistics
Binance Tier 1
BSC
Short Review PancakeSwap
Crypto project PancakeSwap (CAKE) is classified as a DEX. PancakeSwap is a Utility token that is hosted on the Ethereum Network. The current total supply is 750.00 M CAKE (Circulating Supply + Tokens yet to be released - Burned Tokens).
PancakeSwap ICO Overview
Estimated date for the public token sale: 10 November 2020. (CAKE)
CAKE Price Chart
The launch of CAKE token trading took place on 29 September 2020.
Fundraising Rounds
Total amount of funds raised by the PancakeSwap project is $350,000.00.
| Investment Round | Date | Price | Funds Raised |
| Public Sale (IEO) | November 10, 2020 | -- | -- |
| Liquidity Mining Rewards | November 10, 2020 | -- | -- |
| Grant | October 14, 2020 | -- | $350,000.00 |
PancakeSwap Investors
Binance Tier 1PancakeSwap cryptocurrency (CAKE)
PancakeSwap is a decentralized exchange (DEX) , built on the Binance Smart Chain (BSC) blockchain. Compared to other DeFi projects built on the Ethereum blockchain, PancakeSwap has higher performance and more low commissions. Additionally, it uses the Automated Market Maker (AMM) model. This gives users the ability to trade digital assets without matching them with anyone else since there is no order book. Instead, trading goes against a liquidity pool where all orders are matched. Users deposit their funds into these pools and then receive liquidity provider (LP) tokens in return. This type of token can then be used to farm the PancakeSwap platform's cryptocurrency, which is called CAKE. That is, this project allows people to buy and sell assets, as well as earn and win tokens.
CAKE is the native token of the PancakeSwap platform. It was released in the BEP-20 standard for the BSC blockchain. This cryptocurrency can be used in different ways:
- StakingUsers stake their CAKE tokens in exchange for new project tokens on the Binance Smart Chain (BEP-20).
- Using CAKE tokens, you can try your luck and win the lottery. The more lottery tickets a user buys, the greater the chance of winning.
- Having governance tokens gives users the ability to vote. The greater the amount of CAKE, the higher the value of the vote.
- Clients can send their CAKE tokens for staking.
History of the PancakeSwap project
PancakeSwap is a relatively new exchange. Its story began with its launch in September 2020. There is no information about the creators of the exchange and developers; they prefer to remain incognito. However, like all decentralized cryptocurrency trading platforms, PankakeSwap operates autonomously. But at the same time, the community can make decisions about the development of the platform by voting.
Advantages of PancakeSwap (CAKE)?
- Low commissions. The platform runs on the Binance Smart Chain (BSC), which allows you to make transactions at a low cost.
- High transaction speed. BSC works slightly faster than Ethereum.
- Opportunity to win NFT.
- Everything is anonymous. In order to start working with the exchange, users do not need to provide any information about themselves and confirm its accuracy with documents.
- Management. Users can support new development paths of the project and any updates (including the choice of tokens for listing).
Disadvantages of PancakeSwap (CAKE)?
- Full autonomy . The PancakeSwap exchange operates completely autonomously using pre-written smart contracts, and it cannot be ruled out that there may be an error in the code that could lead to security problems.
- High level of competition. There are many strong competitors in the DeFi market, such as Uniswap and SushiSwap.
