{"id":6215,"date":"2021-08-21T05:37:59","date_gmt":"2021-08-21T05:37:59","guid":{"rendered":"https:\/\/tokpie.io\/blog\/?p=6215"},"modified":"2024-10-19T18:13:05","modified_gmt":"2024-10-19T18:13:05","slug":"trade-cake-token-pancakeswap-exchange","status":"publish","type":"post","link":"https:\/\/tokpie.io\/blog\/trade-cake-token-pancakeswap-exchange\/","title":{"rendered":"Discover the PancakeSwap DEX Exchange: CAKE Token"},"content":{"rendered":"\n

Over 2.6 million active users. More than 45 million trades. And +$11 billion staked for the last month. Do you guess what platform we’re talking about? Right. We are talking about the PancakeSwap \u2013 one of the largest and famous decentralized exchanges in the World. It’s like Uniswap. But, in contrast to Uniswap running on Ethereum blockchain, the PancakeSwap runs on Binance Smart Chain. Let’s learn more about this DEX and its CAKE token. Also, find out how to buy CAKE with a bank card for your local fiat currency. And, of course, you will find instructions on how to trade CAKE tokens on Tokpie exchange.<\/p>\n\n\n\n

What’s the PancakeSwap exchange?<\/h2>\n\n\n\n

The PancakeSwap is a decentralized (DEX) exchange. It allows users to trade, earn, and win BEP20 cryptocurrencies. Moreover, PancakeSwap’s large userbase has already contributed over $11 billion in liquidity pools. Happy users can buy and sell anything on this DEX. Why? Because there is no registration, KYC, and no hassle. So, anyone can trade any BEP20 token on Binance Smart Chain in seconds with low fees by connecting his wallet.<\/p>\n\n\n\n

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PancakeSwap’s products<\/figcaption><\/figure><\/div>\n\n\n\n

PancakeSwap’s liquidity is the biggest among other decentralized exchanges on Binance Smart Chain. Moreover, unlike centralized exchanges like Coinbase or Binance, PancakeSwap’s users have 100% ownership of their crypto.<\/p>\n\n\n\n

What’s the CAKE token?<\/h2>\n\n\n\n

CAKE is the BEP20 (BSC) token with plenty of utility values. First, it’s the governance coin for PancakeSwap. Also, holders can earn extra CAKEs with the Yield Farms. For instance, you can place your LP token in farms and earn additional income in $CAKE. Furthermore, people can earn trading fees by providing liquidity in pools. Finally, CAKE allows you to win valuable prizes. For example, token-holders can participate in regular lotteries, win collectible NFTs in fun games and win BNB by predicting prices.<\/p>\n\n\n\n

However, the supply of CAKEs is not hard-capped. So, in theory, the CAKE’s supply is unlimited. However, the team makes regular burning and conducts public polls about the size of emission. Therefore, the voting process gives a voice to the PancakeSwap community members.<\/p>\n\n\n\n