What is pancakeswap?

PancakeSwap is a Binance Smart Chain-based decentralized exchange ( DEX) that was launched by anonymous developers with an apparent passion for pancakes. What Makes PancakeSwap Unique? PancakeSwap uses an automated market maker model, meaning that there are no order books and liquidity pools are used instead.

Is pancakeswap based on Ethereum?

Many DEXs, such as Uniswap and SushiSwap, are based on Ethereum. However, unlike those exchanges, PancakeSwap is based on the Binance Smart Chain blockchain, which allows PancakeSwap’s users to trade BEP-20 tokens. The PancakeSwap exchange PancakeSwap was created by anonymous developers and officially launched on 20 September 2020.

Where can I store pancakeswap (cake)?

PancakeSwap can be securely stored on supported wallets that are connected to the Binance Smart Chain. These include MetaMask, TrustWallet, TokenPocket and WalletConnect. Where Can You Buy PancakeSwap (CAKE)?

What is the cake token?

The CAKE token is PancakeSwap's native token and is based on the BEP-20 standard. Its main function is to incentivise the provision of liquidity to the PancakeSwap platform, but it also has several other uses on the platform, such as staking, voting on developing PancakeSwap's ecosystem, participating in the lottery, etc.