PancakeSwap (CAKE) is a decentralized exchange (DEX) platform built on the Binance Smart Chain (BSC). It allows users to exchange BEP-20 tokens without the need for intermediaries, while also offering opportunities for participation in liquidity pools and yield farming.
Main features:
Decentralized Exchange: Facilitates the direct exchange of tokens between users without the intervention of a central authority.
Liquidity Pools: Users can provide liquidity to the platform and receive rewards in the form of CAKE tokens.
Yield Farming: Allows users to earn more tokens by participating in different liquidity pools.
Utilities:
Token Swap: Users can efficiently swap a wide variety of BEP-20 tokens.
Passive Income Generation: By providing liquidity or participating in yield farming, users can earn additional rewards.
Participation in governance: CAKE holders can vote on key decisions regarding platform development and upgrades.
Whitepaper:
PancakeSwap’s whitepaper is available on their official site.
Annual evolution of the CAKE price:
This is a list of the approximate price of CAKE at the end of each year since its launch:
2020: $0.60
2021: $12.00
2022: $3.20
2023: $1.90
2024: $1.92 (as of November 18)
* On their Official Website you can find a wide variety of options and ways to get profits from the tokens and even multiply them *
