PancakeSwap CAKE Price

Table of contents

• Stock Market Price Graph Today
• Current Value and Cost
• All Time High Price
• Exchange Rates on Trading Markets
• Pancake Profile
• Operations with PancakeSwap
• PancakeSwap History
• Tokens
• PancakeSwap Features
• Initial Farm Offerings
• Yield Farms
• Syrup
• Lottery v2
• Prediction Markets
• NFT Collectibles
• Community management on PancakeSwap
• PancakeSwap Advantages and Disadvantages
• Summary

Pancake Profile

PancakeSwap is a decentralized cryptocurrency exchange platform created by anonymous developers that uses BEP-20 tokens based on the Binance Smart Chain blockchain. PancakeSwap is a type of DEX referred to as an automated market maker (AMM). Basically, it means there is no order book, or market order system.

• PancakeSwap works on BSC, which means it does not affect by the high commission of the Ethereum network, so users began to quickly switch from centralized exchangers to this site.
• PanCakeSwap operates with low fees. The fees here tend to be much lower ($0.04 to $0.20) than other exchangers that operate with higher fees only.
• Transactions with PanCakeSwap have a fast processing time. The average transaction time is about five seconds, which is much faster than on many other platforms.
• You can participate in lotteries if you have a stock of PanCakeSwap coins. These coins also give you the ability to farm tokens.

Initial Farm Offerings

Much like the DEX Initial Farm Offering (IDO), PancakeSwap allows users to purchase new project tokens at an early stage before their public launch. But in this case, users exchange their CAKE-BNB liquidity provider (LP) tokens for new project tokens during the Initial Farm Offering (IFO). As part of this process, half of all funds get burned, adding another deflationary mechanism for the token.

Yield Farms

PancakeSwap allows users to earn additional revenue by putting supported liquidity provider (LP) tokens into one of its multiple yield farms. By participating in a yield farm, users generate revenue from their LP tokens.

Syrup

Syrup pools are analogous to the simple PancakeSwap staking feature. Through these platform pools, users can stake various BEP-20 tokens to earn revenue: either in the form of CAKE or another reward token.

Lottery v2

What makes PancakeSwap unusual among decentralized exchanges is that it also offers a lottery feature, allowing users to buy lottery tickets to potentially win a big CAKE pot.

Prediction Markets

The PancakeSwap market prediction tool is a simple feature that allows users to predict whether the price of Binance Coin (BNB) will increase or decrease over a five-minute period. Users pool their money into a prize pool, which is shared between those who correctly predict the market course.

NFT Collectibles

In February 2021, PancakeSwap added a new option named NFT Profiles, which allows you to select an NFT profile image. PancakeSwap's NFT trading platform is currently considered one of the largest NFT trading platforms on the BNB network.

It allows its users all to buy, sell and exchange unique non-exchange tokens over the protocol. The PancakeSwap NFT trading platform has a simple user interface for quick and easy navigation and arguably the best collectibles.

Community management on PancakeSwap

PancakeSwap is partially regulated by the community. This means that CAKE owners can use PancakeSwap's own voting portal to vote on management proposals. Some will be submitted by the core PancakeSwap team and others by the community.