PancakeSwap price, CAKE chart, and market cap | CoinGecko

PancakeSwap price nowadays is $ 4.16 with a 24-hour trade volume of $ 80,618,107. CAKE price is down -3.3 % in the last 24 hours. It has a circulating supply of 300 Million CAKE coins and a sum issue of 296 Million. If you are looking to buy or sell PancakeSwap, Tokpie is presently the most active exchange. PancakeSwap hit an all time high of $ 43.96 on Apr 30, 2021 ( about 1 class ). PancakeSwap had an all time low of $ 0.194441 on Nov 03, 2020 ( over 1 year ). The 24 hour trade bulk of PancakeSwap is $ 80,618,107.

You can trade PancakeSwap on Tokpie, GokuMarket, and Binance .

What is CAKE?

CAKE is the administration nominal for PancakeSwap .
The add of CAKE is not hard-capped. theoretically, CAKE ’ randomness provision is unlimited. The team is looking into conducting regular keepsake burns to make deflation higher than discharge. For example, the team will burn 10 % of the CAKE collected on lottery tickets and burn one-half of the fund raised through Initial Farm Offerings ( IFO ) .

How to obtain CAKE?

You can purchase CAKE from exchanges such as PancakeSwap or Binance. You can find cake trade on diverse centralized and decentralized cryptocurrency exchanges .

What is PancakeSwap?

PancakeSwap is a decentralize Exchange ( DEX ) built on peak of Binance Smart Chain ( BSC ). It is the biggest automated grocery store Maker ( AMM ) based exchange in BSC .
Binance Smart Chain has a lot lower transaction fees than Ethereum .

How to start using Pancakeswap?

Users will need to connect to the Binance Smart Chain in order to entree Pancakeswap. It is possible to do thus through Metamask or Binance Chain Wallet. Users will have to customize their Metamask with the following details after choosing customs RPC from the network ’ randomness option .

Binance operates two different chains :

1. 
   Binance Chain – BEP 2
   
2. 
   Binance Smart Chain ( BSC ) – BEP 20
   

Binance DEX is the primary coil decentralized app operating on Binance Chain. Most early projects are building on the Binance Smart Chain. The easiest way to convert any assets to its BEP 20 representation is through the Binance substitution .
For exercise, after depositing Bitcoin to Binance Exchange, users can choose to withdraw it in the forms of ERC 20 ( ETH ), BEP 2 ( Binance Chain ), BEP 20 ( BSC ), and BTC ’ s native chain. Choose BEP 20 if you would like to have the asset interact with PancakeSwap.

An alternative is through Binance Bridge, where users can swap the assets cross-chain from any L1 chain to BSC .
Users will need to have BNB to pay for any transaction tip on Binance Smart Chain, like to how users will need ETH to pay for transaction fees on Ethereum .

What are the fees incurred from using PancakeSwap?

A token barter ( craft ) on the exchange will incur a 0.2 % deal fee, broken down ampere play along :

• 
  0.17 % – Returned to liquidity pools in the form of a fee reward for fluidity providers .
  
• 
  0.03 % – commit to the PancakeSwap Treasury .
  

How to provide liquidity in PancakeSwap?

Like Uniswap, users will have to add two tokens into the Liquidity Pool in the ratio of 1:1. Users will receive FLIP tokens – PancakeSwap ’ s version of liquid provider tokens – to represent their stake in the pool .
Like Sushiswap, PancakeSwap has a output farming program where users can post their LP tokens to earn CAKE rewards .

What are Syrup Pools?

Syrup Pools admit Binance Smart Chain projects to bootstrap adoption by distributing a part of their tokens to CAKE token holders. In exchange for that, projects will receive nonpayment listing on the PancakeSwap interface, obtaining priority promotion on the central by ranking temporarily first in the token selection tilt .

What is the Cake Lottery?

One lottery ticket cost 10 CAKE. Users will receive a random four-digit combination with each digit between 1-14, for example, “ 1-9-3-2 ”. There is no limit on how many tickets users can buy .
The first prize achiever will receive one-half of the lottery pool by matching the four winning numbers. Matching two and three numbers will besides be entitled to prizes. Do find an case below :

For more details, please refer to the official Pancakeswap documentation.

What is Initial Farm Offering (IFO)?

Projects can launch raw tokens by raising funds through the CAKE-BNB LP tokens. The stick out gets BNB tokens, PancakeSwap burns CAKE tokens, and users get the project ’ randomness tokens. CAKE tokens equating to half of the total funds raised will be burned forever. If $ 1,000,000 is raised, then $ 500,000 worth of CAKE tokens will be burned .

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