cryptonewsnavigator.com is a major decentralized exchange (DEX) built on the Binance Smart Chain. The PancakeSwap app, which was released in September 2020, offers a quick and inexpensive way to trade BEP-20 tokens using the Automated Market Maker (AMM) method. Instead of a traditional order book, the platform uses liquidity pools, allowing users to trade, farm, and stake CAKE with no third-party involvement.
Key features
Users can earn fees and CAKE incentives by staking LP tokens in farms, increasing liquidity for trading pairings.
CAKE holders can bet their tokens in Syrup Pools to gain extra CAKE or new partner project tokens.
PancakeSwap includes an integrated NFT marketplace where users can mint, buy, and sell NFTs on supported chains.
Support for multiple chains beyond Binance Smart Chain (BSC).
PancakeSwap's lottery and prediction games allow players to earn CAKE in entertaining, community-oriented ways.