What is PancakeSwap (CAKE) | What is PancakeSwap token | What is CAKE token

PancakeSwap is a decentralized exchange for swapping BEP20 tokens on Binance Smart Chain. PancakeSwap uses an automated market maker (AMM) model where users trade against a liquidity pool. Such pools are filled with users’ funds. They deposit them into the pool, receiving liquidity provider (or LP) tokens in return. They can use those tokens to reclaim their share, plus a portion of the trading fees.

The LP tokens are called FLIP tokens. PancakeSwap also allows users to farm additional tokens – CAKE and SYRUP. On the farm, users can deposit LP tokens, locking them up in a process that rewards users with CAKE. Users can stake CAKE tokens to receive SYRUP, which will have further functionality as governance tokens (and as tickets in a lotteries).

A Guide to PancakeSwap

Another food-themed DeFi protocol? You know it. PancakeSwap is a Binance Smart Chain-based DEX launched by anonymous devs with a penchant for breakfast foods and rabbits.

It looks a bit like Ethereum’s  SushiSwap (community governance, the ability to farm liquidity provider tokens), but also incorporates many other features that let you earn rewards.

Introduction

The food-based farming craze has captivated participants in the crypto space for months. In the latest wave of DeFi protocols, we’ve seen numerous platforms emerge that allow users to stake their funds in return for the protocol’s tokens.

The bulk of this activity has been concentrated on the  Ethereum blockchain. As one of the earliest blockchains supporting smart contracts, it has a sprawling community of users, developers, and tools for building powerful decentralized applications.

In this article, we’ll take a look at  PancakeSwap – a decentralized exchange built on Binance Smart Chain (BSC).

What is PancakeSwap?

PancakeSwap is a decentralized exchange for swapping  BEP-20 tokens.

pancake-img1

The PancakeSwap exchange UI.

Familiar with  Uniswap or SushiSwap? Then you’ll have no issue grasping PancakeSwap – they are quite similar in their core design.

The PancakeSwap exchange

PancakeSwap uses an  automated market maker (AMM) model. That means that while you can trade digital assets on the platform, there isn’t an order book where you’re matched with someone else. Instead, you trade against a  liquidity pool.

Those pools are filled with other users’ funds. They deposit them into the pool, receiving liquidity provider (or LP) tokens in return. They can use those tokens to reclaim their share, plus a portion of the trading fees.

So, in short, you can trade BEP-20 tokens, or add liquidity and earn rewards. There are also other features we’ll cover later.

You’ll find these LP tokens in several flavors – if you added, say, BUSD and BNB to the pool, you’ll receive BUSD-BNB LP tokens in return. BETH and ETH? You’ll get BETH-ETH LP tokens.

Farming and staking on PancakeSwap

But wait, there’s more! PancakeSwap also allows you to farm its governance token – CAKE.

Yum.

On the farm, you can deposit your LP tokens, locking them up in a process that rewards you with CAKE. Which LP tokens can you deposit? Well, the list is quite long, but here’s a taster of some of the most popular ones:

  • CAKE – BNB LP
  • BUSD – BNB LP
  • BETH – ETH LP
  • USDT – BUSD LP
  • USDC – BUSD LP
  • DAI – BUSD LP
  • LINK – BUSD LP
  • TWT – BNB LP

The rewards don’t end here, however! You can earn even more by staking your CAKE in SYRUP pools.

So you’ve deposited some funds to receive LP tokens, and you’ve used them to farm CAKE. From there, you can stake your CAKE and earn other tokens through special staking pools.

The biggest SYRUP pool is simply for CAKE, where you can stake your CAKE to earn even more CAKE! But there are many more tokens you can earn by staking CAKE, so be sure to keep an eye on the  SYRUP pool page.

Using PancakeSwap

You’ll notice if you visit  https://pancakeswap.finance that many features are inaccessible until you click on Unlock Wallet. Click on it, and you’ll be met with a few options: MetaMask, Trust Wallet, WalletConnect, Binance Chain Wallet, and other options.

But wait, we hear you say, isn’t MetaMask an Ethereum wallet?

Yes, it is, but the architecture of Binance Smart Chain is such that you can use MetaMask to interact with BSC-based DApps. If you choose to use MetaMask, we suggest you check out our Connecting MetaMask with Binance Smart Chain guide.

Once you’ve got that set up, you can unlock your wallet to reveal additional information. You’ll see that different LP tokens promise different returns. So how can you add liquidity?

Adding liquidity

Again, if you’ve used any AMM previously, then you know the drill. To farm CAKE, you need to first add liquidity to the exchange.

Navigate to Trade on the sidebar on the left, then click on Liquidity, hit Add Liquidity, and select the token pair that you want to deposit. Also, make sure you know about  impermanent loss before adding liquidity to a pool.

pancake-img3

Adding liquidity to PancakeSwap.

Farming

Okay, so you’ve got your LP tokens, now it’s time to stake them to earn CAKE. Navigate to the Farms tab, and select the option that matches your LP tokens.

As with ERC-20 tokens, you’ll need to approve the movement of BEP-20 tokens – this is what allows the contract to withdraw them on your behalf. When you click Approve Contract, a popup will ask you to confirm the transaction and display a fee.

Once that transaction confirms, simply select the amount you want to stake and confirm it. You can navigate away from the page and come back at any time to check how much CAKE you’ve earned – if you want to harvest your rewards at any point, click on Harvest and confirm the transaction.

Staking

Once you’ve got CAKE, you can stake it in SYRUP pools. Go to the  Pools tab, and you’ll be presented with the pools where you can stake your CAKE.

pancake-img4

SYRUP pools – stake CAKE, earn new tokens.

Once again, you need to approve the withdrawal of your tokens. Hit Approve CAKE to do so. When that has been approved, you’ll need to select the amount of CAKE you want to stake.

Now that the CAKE has been staked, you’ll be earning the reward token of the pool passively. If you’d like to cash out your rewards, click on Harvest.

Lottery

That’s great, but what else can you do with your CAKE? Well, you can enter a lottery on PancakeSwap.

pancake-img5

Try your luck in the PancakeSwap lottery.

Each lottery session takes 6 hours. One ticket costs 10 CAKE, which will give you a random four-digit combination of numbers between 1 and 14, for example, 12-8-4-3. To win the jackpot (50% of the entire lottery pool), the numbers in your ticket need to match all four numbers in the same position as the winning ticket.

What if you don’t match all four? No worries. You also win rewards if two or more of your numbers are in the same position as the numbers in the winning ticket.

NFTs

Wait, so you can do even more with PancakeSwap? Yes, you can win special NFTs.

Win some of the cutest NFTs on BSC.

If you’re chosen as a winner of an NFT, you can trade it for the CAKE value it represents or keep the cutie in your wallet as a collector’s item.

How can you get involved? You need to register for a chance to win, and the winners get chosen at random. Make sure to keep an eye on the  NFT page for upcoming opportunities.

Would you like to earn CAKE right now! ☞ CLICK HERE

How and Where to Buy PancakeSwap (CAKE)?

CAKE has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy CAKE

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)

SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

After the deposit is confirmed you may then purchase CAKE from the Binance exchange.

Exchange: Binance, VCC Exchange, BKEX, KuCoin, and MXC.COM

Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once CAKE gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Top exchanges for token-coin trading. Follow instructions and make unlimited money

BinanceBittrexPoloniexBitfinexHuobiMXCProBITGate.ioCoinbase

Find more information CAKE

☞ Website
☞ Explorer
☞ Source Code
☞ Social Channel
Message Board
☞ Coinmarketcap

🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner

⭐ ⭐ ⭐The project is of interest to the community. Join to Get free ‘GEEK coin’ (GEEKCASH coin)!

☞ -----CLICK HERE**-----**⭐ ⭐ ⭐

Thank for visiting and reading this article! I’m highly appreciate your actions! Please share if you liked it!

#blockchain #bitcoin #cryptocurrency #pancakeswap #cake

What is GEEK

Buddha Community

What is PancakeSwap (CAKE) | What is PancakeSwap token | What is CAKE token
Aylin Hazel

Aylin Hazel

1638679791

#YearnNFT Finance Presale is Running...!

Project name : YearnNFT Finance

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YearnNFT is all new BSC based NFT marketplace to trace and mint NFT’s with ease.


Presale link : https://yearnnft.finance/Presale

𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧

Total Supply : 73332 YFNFT
Available Supply : 73332 YFNFT
Presale : 40% ( 29332.8)
Liquidity : 35% ( 25666.20 )
Registration Bounty 4% ( 2933.28)
Referral Bounty 4% ( 2933.28)
Listing : After Presale #Pancakeswap & #Apeswap


Smart contract source code : https://bscscan.com/token/0x151f7ca9cb58d1fe11d0a84ebc0e01516f292ef9

Project summary : YearnNFT Finance is a BSC based NFT marketplace to trade digital collections. Powered by the native asset YFNFT token , the low supply NFT token. We are building an ecosystem of nft creators and traders with simplified and reliable NFT trading experience.

Website : https://yearnnft.finance/
twitter : https://twitter.com/YearnNft
Telegram : https://t.me/YearnNFT

#BNB #CAKE #Pancakeswap #Presale #Binance #Cryptocurrency #pancakeswap #Cake 
 

What is PancakeSwap (CAKE) | What is PancakeSwap token | What is CAKE token

PancakeSwap is a decentralized exchange for swapping BEP20 tokens on Binance Smart Chain. PancakeSwap uses an automated market maker (AMM) model where users trade against a liquidity pool. Such pools are filled with users’ funds. They deposit them into the pool, receiving liquidity provider (or LP) tokens in return. They can use those tokens to reclaim their share, plus a portion of the trading fees.

The LP tokens are called FLIP tokens. PancakeSwap also allows users to farm additional tokens – CAKE and SYRUP. On the farm, users can deposit LP tokens, locking them up in a process that rewards users with CAKE. Users can stake CAKE tokens to receive SYRUP, which will have further functionality as governance tokens (and as tickets in a lotteries).

A Guide to PancakeSwap

Another food-themed DeFi protocol? You know it. PancakeSwap is a Binance Smart Chain-based DEX launched by anonymous devs with a penchant for breakfast foods and rabbits.

It looks a bit like Ethereum’s  SushiSwap (community governance, the ability to farm liquidity provider tokens), but also incorporates many other features that let you earn rewards.

Introduction

The food-based farming craze has captivated participants in the crypto space for months. In the latest wave of DeFi protocols, we’ve seen numerous platforms emerge that allow users to stake their funds in return for the protocol’s tokens.

The bulk of this activity has been concentrated on the  Ethereum blockchain. As one of the earliest blockchains supporting smart contracts, it has a sprawling community of users, developers, and tools for building powerful decentralized applications.

In this article, we’ll take a look at  PancakeSwap – a decentralized exchange built on Binance Smart Chain (BSC).

What is PancakeSwap?

PancakeSwap is a decentralized exchange for swapping  BEP-20 tokens.

pancake-img1

The PancakeSwap exchange UI.

Familiar with  Uniswap or SushiSwap? Then you’ll have no issue grasping PancakeSwap – they are quite similar in their core design.

The PancakeSwap exchange

PancakeSwap uses an  automated market maker (AMM) model. That means that while you can trade digital assets on the platform, there isn’t an order book where you’re matched with someone else. Instead, you trade against a  liquidity pool.

Those pools are filled with other users’ funds. They deposit them into the pool, receiving liquidity provider (or LP) tokens in return. They can use those tokens to reclaim their share, plus a portion of the trading fees.

So, in short, you can trade BEP-20 tokens, or add liquidity and earn rewards. There are also other features we’ll cover later.

You’ll find these LP tokens in several flavors – if you added, say, BUSD and BNB to the pool, you’ll receive BUSD-BNB LP tokens in return. BETH and ETH? You’ll get BETH-ETH LP tokens.

Farming and staking on PancakeSwap

But wait, there’s more! PancakeSwap also allows you to farm its governance token – CAKE.

Yum.

On the farm, you can deposit your LP tokens, locking them up in a process that rewards you with CAKE. Which LP tokens can you deposit? Well, the list is quite long, but here’s a taster of some of the most popular ones:

  • CAKE – BNB LP
  • BUSD – BNB LP
  • BETH – ETH LP
  • USDT – BUSD LP
  • USDC – BUSD LP
  • DAI – BUSD LP
  • LINK – BUSD LP
  • TWT – BNB LP

The rewards don’t end here, however! You can earn even more by staking your CAKE in SYRUP pools.

So you’ve deposited some funds to receive LP tokens, and you’ve used them to farm CAKE. From there, you can stake your CAKE and earn other tokens through special staking pools.

The biggest SYRUP pool is simply for CAKE, where you can stake your CAKE to earn even more CAKE! But there are many more tokens you can earn by staking CAKE, so be sure to keep an eye on the  SYRUP pool page.

Using PancakeSwap

You’ll notice if you visit  https://pancakeswap.finance that many features are inaccessible until you click on Unlock Wallet. Click on it, and you’ll be met with a few options: MetaMask, Trust Wallet, WalletConnect, Binance Chain Wallet, and other options.

But wait, we hear you say, isn’t MetaMask an Ethereum wallet?

Yes, it is, but the architecture of Binance Smart Chain is such that you can use MetaMask to interact with BSC-based DApps. If you choose to use MetaMask, we suggest you check out our Connecting MetaMask with Binance Smart Chain guide.

Once you’ve got that set up, you can unlock your wallet to reveal additional information. You’ll see that different LP tokens promise different returns. So how can you add liquidity?

Adding liquidity

Again, if you’ve used any AMM previously, then you know the drill. To farm CAKE, you need to first add liquidity to the exchange.

Navigate to Trade on the sidebar on the left, then click on Liquidity, hit Add Liquidity, and select the token pair that you want to deposit. Also, make sure you know about  impermanent loss before adding liquidity to a pool.

pancake-img3

Adding liquidity to PancakeSwap.

Farming

Okay, so you’ve got your LP tokens, now it’s time to stake them to earn CAKE. Navigate to the Farms tab, and select the option that matches your LP tokens.

As with ERC-20 tokens, you’ll need to approve the movement of BEP-20 tokens – this is what allows the contract to withdraw them on your behalf. When you click Approve Contract, a popup will ask you to confirm the transaction and display a fee.

Once that transaction confirms, simply select the amount you want to stake and confirm it. You can navigate away from the page and come back at any time to check how much CAKE you’ve earned – if you want to harvest your rewards at any point, click on Harvest and confirm the transaction.

Staking

Once you’ve got CAKE, you can stake it in SYRUP pools. Go to the  Pools tab, and you’ll be presented with the pools where you can stake your CAKE.

pancake-img4

SYRUP pools – stake CAKE, earn new tokens.

Once again, you need to approve the withdrawal of your tokens. Hit Approve CAKE to do so. When that has been approved, you’ll need to select the amount of CAKE you want to stake.

Now that the CAKE has been staked, you’ll be earning the reward token of the pool passively. If you’d like to cash out your rewards, click on Harvest.

Lottery

That’s great, but what else can you do with your CAKE? Well, you can enter a lottery on PancakeSwap.

pancake-img5

Try your luck in the PancakeSwap lottery.

Each lottery session takes 6 hours. One ticket costs 10 CAKE, which will give you a random four-digit combination of numbers between 1 and 14, for example, 12-8-4-3. To win the jackpot (50% of the entire lottery pool), the numbers in your ticket need to match all four numbers in the same position as the winning ticket.

What if you don’t match all four? No worries. You also win rewards if two or more of your numbers are in the same position as the numbers in the winning ticket.

NFTs

Wait, so you can do even more with PancakeSwap? Yes, you can win special NFTs.

Win some of the cutest NFTs on BSC.

If you’re chosen as a winner of an NFT, you can trade it for the CAKE value it represents or keep the cutie in your wallet as a collector’s item.

How can you get involved? You need to register for a chance to win, and the winners get chosen at random. Make sure to keep an eye on the  NFT page for upcoming opportunities.

Would you like to earn CAKE right now! ☞ CLICK HERE

How and Where to Buy PancakeSwap (CAKE)?

CAKE has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy CAKE

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)

SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

After the deposit is confirmed you may then purchase CAKE from the Binance exchange.

Exchange: Binance, VCC Exchange, BKEX, KuCoin, and MXC.COM

Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once CAKE gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Top exchanges for token-coin trading. Follow instructions and make unlimited money

BinanceBittrexPoloniexBitfinexHuobiMXCProBITGate.ioCoinbase

Find more information CAKE

☞ Website
☞ Explorer
☞ Source Code
☞ Social Channel
Message Board
☞ Coinmarketcap

🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner

⭐ ⭐ ⭐The project is of interest to the community. Join to Get free ‘GEEK coin’ (GEEKCASH coin)!

☞ -----CLICK HERE**-----**⭐ ⭐ ⭐

Thank for visiting and reading this article! I’m highly appreciate your actions! Please share if you liked it!

#blockchain #bitcoin #cryptocurrency #pancakeswap #cake

aaron silva

aaron silva

1622197808

SafeMoon Clone | Create A DeFi Token Like SafeMoon | DeFi token like SafeMoon

SafeMoon is a decentralized finance (DeFi) token. This token consists of RFI tokenomics and auto-liquidity generating protocol. A DeFi token like SafeMoon has reached the mainstream standards under the Binance Smart Chain. Its success and popularity have been immense, thus, making the majority of the business firms adopt this style of cryptocurrency as an alternative.

A DeFi token like SafeMoon is almost similar to the other crypto-token, but the only difference being that it charges a 10% transaction fee from the users who sell their tokens, in which 5% of the fee is distributed to the remaining SafeMoon owners. This feature rewards the owners for holding onto their tokens.

Read More @ https://bit.ly/3oFbJoJ

#create a defi token like safemoon #defi token like safemoon #safemoon token #safemoon token clone #defi token

ACACIA  ADAM

ACACIA ADAM

1624322760

How To Buy SafeGem Finance Crypto Token On PancakeSwap

In this video I will show you how to buy safegem finance crypto token on pancakeswap. It’s really easy and it will take you less than a minute to do so!

📺 The video in this post was made by How To Explained
️ The origin of the article: https://www.youtube.com/watch?v=KkZ46pIZFns

🔺 DISCLAIMER: The article is for information sharing. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Not investment advice or legal advice.
Cryptocurrency trading is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money
🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
⭐ ⭐ ⭐The project is of interest to the community. Join to Get free ‘GEEK coin’ (GEEKCASH coin)!
⭐ ⭐ ⭐ Join to Get free ‘GEEK coin’ (GEEKCASH coin)! ☞ https://geekcash.org⭐ ⭐ ⭐
Thanks for visiting and watching! Please don’t forget to leave a like, comment and share!

#bitcoin #blockchain #safegem finance crypto token #pancakeswap #token

ADELA DAVID

ADELA DAVID

1624322760

How to buy The Fire Token (XFR) Crypto/Token IN PANCAKESWAP USING BSC Matamask or TRUST...

How to buy The Fire Token (XFR) Crypto/Token IN PANCAKESWAP USING BSC Matamask or TRUST WALLET

📺 The video in this post was made by Upcoming Gems
️ The origin of the article: https://www.youtube.com/watch?v=yobrs8hb6vY

🔺 DISCLAIMER: The article is for information sharing. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Not investment advice or legal advice.
Cryptocurrency trading is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money
🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
⭐ ⭐ ⭐The project is of interest to the community. Join to Get free ‘GEEK coin’ (GEEKCASH coin)!
⭐ ⭐ ⭐ Join to Get free ‘GEEK coin’ (GEEKCASH coin)! ☞ https://geekcash.org⭐ ⭐ ⭐
Thanks for visiting and watching! Please don’t forget to leave a like, comment and share!

#fire token (xfr) #crypto/token #pancakeswap #bsc matamask or trust wallet #bitcoin #blockchain