PancakeSwap is a decentralised exchange (DEX) that is based on the Binance Smart Chain. It allows users to trade BEP20 tokens (e.g. BNB, ONT, 1INCH or GRT) for a fee. Contrary to other cryptocurrencies, trading on PancakeSwap is not peer-to-peer but instead via a liquidity pool. Users depositing tokens in the liquidity pool get rewarded in part with CAKE, the native token of PancakeSwap.
PancakeSwap is a decentralised exchange
Users can trade BEP20 tokens on PancakeSwap
PancakeSwap collects a fee for every transaction
PancakeSwap trading is not peer-to-peer but via a liquidity pool
Users who deposit tokens in the pool are rewarded by CAKE
CAKE is the native token of PancakeSwap
Anyone, anywhere can buy, sell, send, receive and hold CAKE
PancakeSwap market stats
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