What is Pancake Swap?

Pancake Swap network is a famous currency for its governance network and other innovative features. This cryptocurrency goes to the maximum supply of ∞. Moreover it also has a circulating supply of 180 million coins in the market at this point of time. One other fun fact about this cryptocurrency is that it is famous because of it native token that is Cake coin.

Pancake Swap is an automated market maker (AMM). It is a DeFi application that enables users to deal in coins providing liquidity via farming and earning fees in return. Users can reclaim their share of the pool and the portion of trading fees as well. Moreover, these LP tokens are known as FLIP.  Furthermore, it can also enables users to farm extra tokens such as CAKE and SYRUP. On the farm, users can deposit LP tokens and get CAKE coins in exchange. 

Unique Features

Pancake Swap is an independent exchange for swapping BEP20 tokens on Binance Smart Chain. It uses an AMM model where crypto users actively deal against a liquidity pool. These pools are filled by users who deposit their funds into the pool and receive liquidity provider (LP) tokens in exchange.

Additionally, Pancake Swap enables users to buy and sell BEP20 tokens smoothly. It also  provides liquidity to the exchange and earn fees, stake LP tokens to earn CAKE, stake CAKE to earn more CAKE and stake CAKE to earn tokens of other projects.

Popular cryptocurrency markets

The Pancake Swap mechanism is an entirely secure and stable cryptocurrency. Due to its high scalability and security almost every cryptocurrency exchanges are dealing in Cake coins. Famous exchanges such as Binance, VCC exchange, BKEX, KuCoin, MXC.com and more.

If an individual wants to use a secure exchange then he or she must use Binance exchange for actively dealing with cake coin.