PancakeSwap is a DEX that is based on the Binance Smart Chain, as it charges much lower fees than Ethereum. Thus, when exchanging tokens using PancakeSwap, a commission of 0.2% is charged, 0.17% of which is sent as a reward to liquid providers, the rest goes to the platform’s treasury. This exchange has its own CAKE management token, which has no supply limit and is available for purchase on PancakeSwap and Binance. In addition, this coin can be obtained using the growing program, in other words, by staking LP for rewarding with the CAKE token. Its price is rapidly moving downward, only in the last 24 hours, it has dropped 8%, to $ 17.28. The coin hasn’t traded below $ 17.3 in the past 3 months.
The presence of a CAKE makes it possible to place bets to earn free tokens, buy tickets in the lottery, participate in voting, and much more. This ecosystem has a community fund that is funded by them. For all donations to PancakeSwap, you receive rewards, also for the results of creativity: games, works of art, memes, etc. The winners have already received their “piece of CAKE” for their selfless deed to enrich the community.