What is pancakeswap and how does it work?

It launched in September 2020 and is a decentralized exchange for swapping BEP20 tokens on Binance Smart Chain. PancakeSwap uses an automated market maker model where users trade against a liquidity pool. These pools are filled by users who deposit their funds into the pool and receive liquidity provider (LP) tokens in return.

How much money does pancakeswap have?

Trusted with billions. PancakeSwap has the most users of any decentralized platform, ever. And those users are now entrusting the platform with over $11 billion in funds. Will you join them? Trade anything.

Is pancakeswap a trusted decentralized platform?

Trusted with billions. PancakeSwap has the most users of any decentralized platform, ever. And those users are now entrusting the platform with over $15 billion in funds. Will you join them? Earn passive income with crypto.

What can you do with cakeswap?

They can also try their luck with the lotteries and non-fungible tokens. The PancakeSwap token CAKE is a BEP20 token that originally launched on Binance Smart Chain. The main function of CAKE is to incentivize the liquidity provision to the PancakeSwap platform.