PancakeSwap Coin Trading, Yield Farming, DEX Integration, Smart Contract, Governance, Crypto Review
PancakeSwap Coin (CAKE) powers the most popular decentralized exchange on the BNB Smart Chain, offering fast, low-cost crypto trading, a robust suite of yield farming and staking options, and a fully decentralized governance system. Launched in September 2020 by an anonymous team, CAKE enables users to participate in all key aspects of decentralized finance—from trading BEP-20 tokens to providing liquidity, staking, and voting on protocol proposals.
Key Metrics and Coin Data
- Symbol: CAKE
- Blockchain Protocol: BNB Smart Chain (BEP-20)
- Launch Date: September 2020
- Market Cap: ~$966M
- 24h Trading Volume: ~$158M
- Circulating Supply: ~345M CAKE
- Total Supply: ~360M CAKE (max supply 450M)
- All-Time High: $44.33 USD (April 2021)
- All-Time Low: ~$0.20 USD (late 2020)
- Smart Contract: BEP-20, main address available on explorer
Fundamental Data, Tokenomics And Governance
- Whitepaper: Available via the official PancakeSwap documentation portal.
- Founding Team: Anonymous, known as “Chefs,” inspired by Uniswap, BSC focus for fast and cheap trading.
- Use Case: DEX orderbook-free trading, yield farming, staking in Syrup Pools, launching tokens via IFO, and NFT utilities.
- Tokenomics:
- Staking and farming rewards.
- Burn mechanisms for deflation ("Ultrasound CAKE" goal).
- Total supply capped at 750 million.
- Community governance through voting and upgrades.
- Governance Model: DAO with user voting on upgrades, emissions, new pools, and core protocol changes.
News, Updates And Community
- Twitter/X: Active communications on new features, partnerships, and burns.
- Official Blog: Updates about lotteries, new farms, NFT drops, and protocol enhancements.
- GitHub: Open source with frequent commits and voting proposals.
Related Resources
How to Buy PancakeSwap Coin
- Get a BNB Chain-compatible wallet like MetaMask or Trust Wallet.
- Purchase BNB and transfer it to your wallet.
- Connect to PancakeSwap DEX, swap BNB for CAKE.
- Review transaction details and confirm; CAKE will appear in your wallet.
How to Stake PancakeSwap Coin
- Go to the Syrup Pools section on PancakeSwap.
- Select a pool and deposit CAKE for staking rewards (fixed and flexible options).
- Monitor APY and harvest rewards directly to your wallet.
How to Trade PancakeSwap Coin
- Choose BNB Smart Chain DEX (like PancakeSwap) or top CEXs for CAKE trading.
- Pair CAKE with BNB, USDT, or other tokens.
- Use spot, limit, and stop-limit orders for risk management.
How to Integrate PancakeSwap Coin in dApps
- Fetch the CAKE token contract from BscScan.
- Use web3, ethers.js, or PancakeSwap APIs to execute swaps, provide pools, or interact with the DAO.
- Test smart contracts on BSC testnet before deploying mainnet integrations.
Pros
- Fast, cheap trading with broad decentralized features
- Attractive staking, farming, lotteries, and NFT integration
- Community-led protocol governance
Cons
- CAKE price volatility typical in DeFi tokens
- Smart contract risks, impermanent loss potential
Expert Review Note from Clipstrust
As DeFi category experts, the Clipstrust team endorses PancakeSwap Coin for democratizing yield generation and community-led governance on BNB Chain. If its features and tools meet trading or staking goals, please leave a review on the business category listing.
User Experience and Community Feedback
PancakeSwap Coin receives strong praise for low fees, deep liquidity, and diverse earning opportunities. Clipstrust encourages detailed reviews and ratings to help future users make informed decisions.
Frequently Asked Questions
Q1: Who launched PancakeSwap Coin and when?
An anonymous team deployed PancakeSwap in September 2020 on BNB Smart Chain.
Q2: What is the CAKE token’s main use?
CAKE enables staking, yield farming, fee sharing, voting, and exclusive dApp features.
Q3: How does PancakeSwap remain affordable and fast?
Runs on BNB Chain, providing lower fees and faster settlement than Ethereum-based DEXs.
Q4: Is PancakeSwap DAO-governed?
Yes, all major upgrades and emissions changes are voted on by CAKE holders.
Q5: Which wallets and explorers support PancakeSwap Coin?
Metamask, Trust Wallet, BSCScan, and major multi-coin wallets.
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