Single Blog

Pancake Swap

Created By : Admin

 

                  What is Pancake Swap? 

 

    PancakeSwap is a decentralized exchange running on the Binance Smart Chain. PancakeSwap gives the user the ability to exchange BEP-20 via automated liquidity pools. 

 

The decentralized finance craze has taken the cryptocurrency space by storm. While the Ethereum blockchain has seen most of the hype reach its network there are competitors vying for the top spot. The Binance smart chain is the top competitor for the Ethereum blockchain right now and PancakeSwap is Ethereum's version of Uniswap or Sushiswap. The number one thing these projects have in common is that they are all Automated Market Makers. 

 

PancakeSwap aims to be the go-to stop for trading, farming, staking, and adding liquidity for BEP-20 tokens. This is not something uncommon when it comes to AMM’s however PancakeSwap goes above and beyond for the Binance smart chain holding competitions, lotteries, IFO’s (PancakeSwap’s take on Initial coin offerings), and a space to purchase NFT’s through their platform.