What is PancakeSwap
PancakeSwap is a DEX on the BSC that uses automated liquidity pools that run completely by algorithms. Being the largest DApps on Binance Smart chain (BSC) and popular yield farms on the DeFi market; it allows users to swap BEP-20 tokens safely and efficiently. This helps in creating new income streams. On PancakeSwap, users can earn CAKE tokens and earn lower fees.
Problems PancakeSwap Solves
There are many issues that Pancake rectify to avoid beset in the market. It has become a viable proxy to UniSwap - Current DEX and DeFi leader as it is committed to security. PancakeSwap takes care of the issue of centralization in the market as mostly all tokens are ERC-20 based.
After DeFi platforms launched on the network, ERC -20 tokens got the advantage of this and got a boost in the market. While all of this development sounds amazing from the outside, it quickly becomes evident there are some problems when you enter the market. Due to congestion in the network, fees gets increased and the transaction gets delayed.
How we develop Pancake Swap Clone
Pancake swap clone is a Binance smart contract chain based on DeFi exchange that operates similar to PancakeSwap.
We, being a DeFi development company, have all the knowledge of latest DEX features. We develop and deploy PancakeSwap Clone & Software as per your business needs with all the important features, plugins, and add-on features. We build your decentralized exchange that grabs more traders in no time.
We provide below features with our PancakeSwap Clone:
- AMM - Automated Market Making
- Swapping Tokens (BEP-20) / CAKE Token
- NFTs Provision
- Swap Mechanism
- PancakeSwap Analytics
- Liquidity API's Integrated
- Integrated high-level Security API's
- Rapid Speed Audits & Rewards per Block: 25 CAKE (Fully Customizable)
- Initial Farm Offering (IFO) support
- Completely Decentralized Exchange Solutions
- Smart Contract Implementation
- Supported multiple Cryptocurrency Wallets
- Integrated Payment Gateways
- Blockchain-powered with Consensus Mechanism
- Voting system
- Bug Bounty reward system
- Supported Stablecoins such as, USDT, BUSD, USDC, LINK, TWT, DAI and more Cryptocurrencies.
- Transaction History
- Lottery schemes and more.
We build your AMM protocol like the pancake swap that helps you become active representative of BSC DEX, with the desirable functionalities such as staking, farming, and digital collectibles features.
Benefits of Pancake Swap
- Selection: PancakeSwap users can get access to new tokens. Using the deposit features, users can transfer BUSD, BTC, USDT, and ETH from the ETH chain to the BSC chain using the deposit features.
- Easy to use: Its interface is very easy to use as users do not need any experience to use basic trading functionalities. The design of this platform allows users to increase their profits.
- PancakeSwap Transactions are Cheaper: Pancake has its low fee structure. It has upgrade technical capabilities that make the network t not rely on gas prices. This means that users can trade on pancake swap at a fraction of the cost of Ethereum-based AMMs.
- PancakeSwap is Faster: In most scenarios, PancakeSwap users can get their transaction done in 5 seconds. Investors get a chance to earn more due to faster transaction time. This makes the investors to be updated with the latest trend and less slippage.
- Profits: There comes innovative ways with PancakeSwap to create new income sources, this gives users to enjoy lower fees along with profits using DEX. Users can easily trade and issue non-fungible tokens (NFTs) on this network.
- Private: For those who like private trading, Pancake Swap is the right option since it doesn't need any AML/KYC registration. You are all set to start trading by just linking your supported wallet. It also gives protection from hackers or from those who want to check your earnings.
How Does Pancake Swap Work?
PancakeSwap operates as an automated market maker (AMM) that makes users create income streams from their cryptocurrencies.
How to Buy and stake PancakeSwap (CAKE)
CAKE is a BEP-20 token that lives on the Binance Smart Chain. Best of all, CAKE is available on other platforms such as Binance‘s centralized exchange. Once you buy it, you can stake cake tokens by transferring them with some BNB to a wallet supported by PancakeSwap.