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CAKE Price and Market Stats
PancakeSwap price nowadays is $20.26 with a 24-hour buying and selling extent of $185,205,134. CAKE charge is up 1.6% inside the last 24 hours. It has a circulating supply of 230 Million CAKE coins and a total supply of ∞. If you are looking to buy or sell PancakeSwap, PancakeSwap (v2) is currently the choices maximum energetic exchange.
CAKE is the choices governance token for PancakeSwap.
The supply of CAKE isn’t always hard-capped. Theoretically, CAKE’s deliver is unlimited. The team is looking into conducting ordinary token burns to make deflation better than emission. For instance, the group will burn 10% of the choices CAKE accrued on lottery tickets and burn half of of the fund raised thru Initial Farm Offerings (IFO).
You can purchase CAKE from exchanges such as PancakeSwap or Binance. You can locate CAKE buying and selling on diverse centralized and decentralized cryptocurrency exchanges.
PancakeSwap is a Decentralized Exchange (DEX) constructed on pinnacle of Binance Smart Chain (BSC). It is the most important Automated Market Maker (AMM) primarily based alternate in BSC.
Binance Smart Chain has a whole lot lower transaction costs than Ethereum.
Users will need to connect to the choices Binance Smart Chain if you want to get entry to Pancakeswap. It is feasible to accomplish that via Metamask or Binance Chain Wallet. Users will must personalize their Metamask with the subsequent info after deciding on custom RPC from the network’s option.
Binance operates extraordinary chains:
Binance Chain – BEP 2
Binance Smart Chain (BSC) – BEP 20
Binance DEX is the primary decentralized app running on Binance Chain. Most different tasks are building on the choices Binance Smart Chain. The easiest manner to transform any property to its BEP 20 representation is thru the Binance trade.
For instance, after depositing Bitcoin to Binance Exchange, users can pick to withdraw it in the sorts of ERC 20 (ETH), BEP 2 (Binance Chain), BEP 20 (BSC), and BTC’s native chain. Choose BEP 20 in case you would really like to have the asset have interaction with PancakeSwap.
An opportunity is thru Binance Bridge, where users can switch the choices belongings cross-chain from any L1 chain to BSC.
Users will want to have BNB to pay for any transaction price on Binance Smart Chain, just like how users will want ETH to pay for transaction fees on Ethereum.
A token change (change) on the choices trade will incur a 0.2% trading fee, damaged down as observe:
0.17% – Returned to liquidity swimming pools inside the shape of a charge reward for liquidity vendors.
0.03% – Sent to the PancakeSwap Treasury.
Like Uniswap, customers will need to add tokens into the Liquidity Pool within the ratio of one:1. Users will get hold of FLIP tokens – PancakeSwap’s version of liquidity company tokens – to symbolize their stake in the pool.
Like Sushiswap, PancakeSwap has a yield farming software where customers can stake their LP tokens to earn CAKE rewards.
Syrup Pools permit Binance Smart Chain projects to bootstrap adoption by means of dispensing a portion in their tokens to CAKE token holders. In change for that, tasks will acquire default listing on the PancakeSwap interface, acquiring priority advertising on the choices alternate with the aid of ranking temporarily first within the token selection listing.
One lottery price ticket fee 10 CAKE. Users will acquire a random four-digit mixture with every digit between 1-14, e.g., “1-nine-three-2”. There isn’t any restriction on how many tickets users should buy.
The first prize winner will receive half of of the lottery pool with the aid of matching the choices four triumphing numbers. Matching two and three numbers will also be entitled to prizes. Do locate an example underneath:
For extra info, please refer to the choices professional Pancakeswap documentation.
Projects can launch new tokens by means of raising budget through the CAKE-BNB LP tokens. The mission receives BNB tokens, PancakeSwap burns CAKE tokens, and customers get the choices assignment’s tokens. CAKE tokens equating to 1/2 of the full finances raised will be burned all the time. If $one million is raised, then $500,000 worth of CAKE tokens could be burned.
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