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What is PancakeSwap


¿What is PancakeSwap?

PancakeSwap is a decentralized exchange platform, launched in September 2020 by anonymous developers, this DEX provides access to the exchange of BEP20 tokens on Binance Smart Chain.

It also uses an automated market making guide, in which netizens trade with a liquidity community.

This platform has its token (CAKE) which is of type BEP-20.

Allows the import of tokens from other networks through the Binance bridge, and allows them to be transformed into a BEP – 20 token, to be used within the DEX.

¿What does it offer?

PancakeSwap offers and allows the exchange of tokens without losing ownership of the assets at any time (unless the exchange is made), it offers the simple connection with Metamask to acquire liquidity to the network.

In turn, it allows Internet users to exchange tokens without intermediaries and with economic commissions.

¿How does PancakeSwap work?

Its operation is based on a series of automated smart contracts deployed on BSC, Binance’s signature blockchain.

Its main token is the CAKE, it is used for the lottery and rewards those who enter liquidity.

Its main token is the CAKE, it is used for the lottery and rewards those who enter liquidity.

¿How is PancakeSwap regulated?

PancakeSwap being a decentralized platform does not have any entity that regulates it.

¿Why do people use PancakeSwap?

Currently working on the development of innovative projects to increase its use on the platform.

One of them is the borrowed tokens that you can acquire from the BSC and LP tokens, using cake as a support for the loans.

CAKE are changed and will burn habitually.

NFTs will increase the value of NFT tokens with age, race, and other characteristics anchored in the token.

Finally, gamification will join the system of orders, levels and others, which give us access to obtain an NFT that we can liquidate with cake.

¿How is PancakeSwap different from other exchanges?

PancakeSwap eliminates centralized brokers while providing very game-like experiences, such as betting on whether the price of the coin (BNB) will rise or fall within a section within a given time.

¿Where can i buy it?

One of the ways you can buy CAKE is through Binance as they have a huge tradable range on the trade, you can trade a cryptocurrency, fiat cryptocurrencies or just use a debit or credit card to buy the stablecoin, too bank deposits are allowed. .

¿Where to find more information?

For more information such as movements, prices, explorers, contracts and more you can visit the following link:

¿Did you know that you can buy and sell USDT and BUSD online thanks to Gastcoin Gateway?

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