PancakeSwap
CAKE Price
CAKE is the native deflationary token of PancakeSwap, a leading decentralized exchange on the Binance Smart Chain. More
| Fully Diluted Valuation | $952.09M |
|---|---|
| 24H Trading Volume | $170.20M |
| 24H Low / High | $2.45 / $ 2.63 |
| Circulating Supply | 345.19 M |
| Total Supply | 365.80 M |
| Max Supply | 450.00 M |
| Categories | Exchange-based Tokens 16 more |
|---|---|
| Founder | Julian Hosp |
| Website | blog.pancakeswap.finance |
| Socials | 5 more |
| Chains | Ethereum Ecosystem 8 more |
| Explorer | Basescan 9 more |
| Contracts |
0x152....4c898
8 more
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| Name | Pair | OG Score |
|---|
In the ever-evolving landscape of decentralized finance (DeFi), PancakeSwap has emerged as a leading decentralized exchange (DEX) on the Binance Smart Chain (BSC). With a myriad of features and a robust ecosystem, PancakeSwap has become a go-to platform for traders, liquidity providers, and crypto enthusiasts alike.
Overview of PancakeSwap:
PancakeSwap operates as a decentralized platform allowing users to trade, swap, and provide liquidity for tokens on the BSC. Its automated market maker (AMM) system ensures fully decentralized transactions, putting control firmly in the hands of traders. PancakeSwap boasts over 1.2 million users and more than $1.3 billion staked, showcasing its widespread adoption and trust within the crypto community.
Key Features of PancakeSwap and CAKE Token:
At the heart of PancakeSwap is its native BEP-20 token, CAKE, which serves as an incentive for liquidity provision. Users can stake CAKE tokens to earn rewards through liquidity provider tokens, engaging in the platform's farming mechanism with zero lockup time. The platform offers various earning opportunities, including trading tournaments, prediction markets, and lotteries.
PancakeSwap's Noteworthy Innovations:
PancakeSwap's prominence extends beyond being the largest swap on BSC; it has even surpassed Uniswap in total value locked (TVL). Notably, CAKE's utility goes beyond trading, offering users the chance to participate in Initial Farm Offerings (IFOs) and lotteries. The platform's rapid innovation is evident in features like the Position Manager, introducing auto-compounding of rewards and mitigating impermanent loss risks.
Ultrasound CAKE Tokenomics:
In a strategic move towards deflation, PancakeSwap introduced the Ultrasound CAKE Tokenomics. Through burning mechanisms integrated into various products, CAKE has become a deflationary asset, with over 102% of minted CAKE burned weekly. The platform's revenue-sharing program further incentivizes users to lock up CAKE, aligning incentives and rewarding loyalty.
PancakeSwap V3: Enhancing the User Experience:
The recent introduction of PancakeSwap V3 brings several key innovations, focusing on capital efficiency, lower fees, and increased earnings for liquidity providers. Traders benefit from tiered trading fees, and liquidity providers enjoy more flexibility with customizable price ranges and active liquidity farming.
Multichain Expansion:
PancakeSwap's multichain strategy has seen it expand beyond the BSC, launching on different layer-one and layer-two blockchains. This expansion has contributed to the platform's growing market share and trading volume, showcasing its adaptability in the dynamic DeFi space.
Conclusion:
PancakeSwap's journey in the decentralized finance realm is marked by innovation, sustainability, and a commitment to user rewards. With a deflationary token model, features like the Position Manager, and a strategic multichain expansion, PancakeSwap continues to position itself as a key player in the decentralized exchange landscape, offering users a diverse and rewarding experience.
PancakeSwap incentivizes users to hold and lock up their CAKE tokens through a revenue-sharing program, distributing trading fee revenues to stakers in proportion to the amount and duration of their locked CAKE.
PancakeSwap stands out in the DeFi space with its decentralized exchange on the Binance Smart Chain, offering a deflationary token (CAKE), innovative features like the Position Manager, and a multichain strategy for broader accessibility.
PancakeSwap has an anonymous team of "Chefs" working in the PancakeSwap "Kitchen," maintaining an open-source platform audited by reputable blockchain security firms like Peckshield and Slowmist.
It operates with an anonymous team known as "Chefs."
You can buy PancakeSwap (CAKE) on Binance, BitgetBybitMEXCGate.io cryptocurrency exchanges.
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There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of PancakeSwap (CAKE) is ($345,185,754), max supply of PancakeSwap CAKE is ($450,000,000) and the market cap of PancakeSwap CAKE is ($898,434,421).
What is the PancakeSwap (CAKE) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of PancakeSwap (CAKE) is $2. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
It is important to do comprehensive research before deciding whether PancakeSwap (CAKE) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:
Is this type of digital asset considered legal in your country?
Does Coin (PancakeSwap CAKE) solve a good problem or offer the best solution?
Do products and services work effectively, and solutions are scalable?
Does the team have a realistic roadmap and can catch up with it?
Does PancakeSwap (CAKE) have reasonable and sustainable revenue income models?
Can the team market their products and services well?
How decentralized is the governance and how strong is the community?
Has it reached its fair market value yet?
Does the coin/token have enough trading pairs and liquidity?
As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether PancakeSwap (CAKE) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.
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