PancakeSwap will distribute rewards on March 13th PancakeSwap will hold its next round of giveaways on March 13th. You can find more detailed information in the official CAKE tweet PancakeSwap is a decentralized exchange (DEX) built on top of the Binance Smart Chain (BSC). It uses an automated market maker (AMM) model that allows users to trade directly with a liquidity pool. These pools are populated by users who deposit their funds and receive liquidity provider (LP) tokens in return. Users can also earn rewards by providing liquidity or staking LP tokens. PancakeSwap's own utility token is CAKE, which can be used for staking to receive rewards, participate in lotteries and vote when making management decisions.