PancakeSwap Token (CAKE) is a cryptocurrency that was launched on April 24, 2020. It is the native token of the PancakeSwap platform, which is a decentralized exchange (DEX) built on the Binance Smart Chain (BSC). PancakeSwap offers users the ability to trade BEP-20 tokens, provide liquidity, and earn rewards through yield farming and staking.
As a decentralized exchange, PancakeSwap operates similarly to other popular DEXs like Uniswap. Users can swap tokens directly from their Binance Smart Chain wallet, without the need for intermediaries.
PancakeSwap also features a unique feature called “syrup pools,” where users can stake CAKE tokens to earn other tokens as rewards. These rewards often include newly launched tokens on the Binance Smart Chain, providing users with opportunities to earn additional tokens.
Overall, PancakeSwap Token and the PancakeSwap platform have gained popularity among users looking for lower fees and faster transactions compared to other blockchains like Ethereum.
PancakeSwap Token Coin Information
As of today, the PancakeSwap Token price is currently at $3.177, with a 24-hour trading volume of $18538.70K. Despite being a new token, PancakeSwap Token has already attracted a lot of interest from investors due to its unique features and potential for growth.
In the past 24 hours, price has decreased by -12.0%. PancakeSwap Token has a total supply of 1.2B coins. For those interested in buying or selling PancakeSwap Token, PancakeSwap is the most active exchange at the moment. PancakeSwap Token’s official website, offers more information about the token and its features. Additionally, PancakeSwap Token has an active Telegram community , which provides a platform for investors to discuss the token and stay up to date on its progress.