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PancakeSwap CAKE

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1. Summary

Fundamental Rank
Developer Rank
Social Rank
Coinrank
Description

PancakeSwap is what is known as an automated market maker (AMM) which is essentially this decentralized finance (DeFi) application that allows users to exchange tokens while providing liquidity through farming and earning fees in return.

PancakeSwap is what is known as an automated market maker (AMM) which is essentially this decentralized finance (DeFi) application that allows users to exchange tokens while providing liquidity through farming and earning fees in return.

When we discuss the history of PancakeSwap, it originally launched in September of 2020 and is a decentralized exchange that specializes in swapping BEP20 tokens on the Binance Smart Chain. However, PancakeSwap also allows you to trade cryptocurrencies and tokens without a centralized intermediary, which means that you keep custody of your tokens at all times. It is built on automated smart contracts that are deployed on the Binance Smart Chain, which is the blockchain platform that is run by the crypto exchange Binance. Now, even though Binance operates a centralized exchange, it does not have control or any operation over PancakeSwap.

Furthermore, it uses an automated market maker model where the traders can trade against a liquidity pool, where each pool is filled by users that end up depositing their funds into it to receive liquidity provider (LP) tokens in return.

These tokens can over time be used for them to reclaim their share of the pool. These LP tokens are known as FLIP, and PancakeSwap allows users to farm additional tokens known as CAKE and SYRUP in the theme of the entire AMM. Users can deposit LP tokens and get rewarded with CAKE.

Now, if you want to trade BEP20 tokens here, provide liquidity to the exchange, and as a result, earn fees and stake LP tokens to earn CAKE, you can do so. Furthermore, you can stake CAKE to earn tokens for other projects.

The CAKE Token Explained

The PancakeSawp token CAKE is a BEP20 token.

This token was originally launched on the Binance Smart chain and serves the function of incentivizing the liquidity provision on the platform.

As a user, you can stake your token in order to earn rewards. This is done by depositing LP tokens as well as locking them in the pool. This process of farming is rewarded by the system with CAKE tokens, and the tokens can, later on, be withdrawn with zero holding time. CAKE also gives you the opportunity to invest and increase returns in the future as well.

Features of PancakeSwap

PancakeSwap is unique in the sense that it uses an automated market maker model. This in turn allows it to use liquidity pools instead of order books. As a user, you have the ability to actually earn income through becoming a liquidity provider, by adding your tokens to the liquidity pool, where you will farm LP tokens, and you can then stake your CAKE to earn rewards.

This means that PancakeSwap essentially cuts out the middleman found on centralized exchanges and lets users get the rewards instead.

Founders of PancakeSwap (CAKE)

Discussing the founders of PancakeSwap, unfortunately, we do not really know who they are as it is a Binance Smart Chain-based decentralized exchange (DEX) as well as an automated market maker (AMM) that was developed by anonymous developers.

2. Price

$CAKE / USD

2.1. Market Performance

How does PancakeSwap's (CAKE) performance compare to assets of a similar market capitalization?

30 Day Return

-31.6%

CAKE

51.1%

Similar Market Cap

60 Day Return

17.1%

CAKE

210.7%

Similar Market Cap

3. Developer Activity

We're monitoring 27 PancakeSwap Github repos for commits, code additions and deletions. This data is factored into the Developer Rank.

Weekly Commits (All PancakeSwap Repos)

Commits vs. The Market

  • Past 4 weeks: 89 commits vs. an average of 40
  • Past 12 weeks: 248 commits vs. an average of 144
  • Past year: 2,813 commits vs. an average of 980

Most Active Repos

Past week 127
Past 12 weeks 552
Past year 1596
Past week 42
Past 12 weeks 137
Past year 539
Past week 0
Past 12 weeks 8
Past year 369
Past week 0
Past 12 weeks 1
Past year 320
Past week 0
Past 12 weeks 0
Past year 271
4. Social Activity
Reddit Subscribers 56,670
Active Reddit Users (past 24h) 198
Telegram Users 108,003
Twitter followers 1M
5. News
6. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://pancakeswap.finance/
Explorer https://bscscan.com/token/0x0e09fabb73bd3ade0a17ecc321fd13a19e81ce82
Twitter @pancakeswap
reddit /r/pancakeswap
Forum https://medium.com/@pancakeswap
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