PancakeSwap (CAKE) | Buy PancakeSwap Now |
---|---|
PancakeSwap is an automated market maker (AMM) - a decentralized finance (DeFi) application that allows users to exchange tokens, providing liquidity via farming and earning fees in return... | |
CVIX | 24 |
Current price | $2.55 |
Change 24h | -1.76% |
Change 7d | -5.09% | Market Cap | $667 819 433 |
Available supply | 261 664 326 CAKE |
Volume 24h | $26 221 706 |
Updated | Tuesday, May 14, 2024 1:00:08PM UTC |
Nature | Token |
Mineable | No |
Discussion | |
WWW | Website |
After | Price | Change |
1 day | $2.44 | -4.30% |
---|
General CAKE facts, technical details and PancakeSwap Cryptocurrency information
PancakeSwap is an automated market maker (AMM) - a decentralized finance (DeFi) application that allows users to exchange tokens, providing liquidity via farming and earning fees in return. It launched in September 2020 and is a decentralized exchange for swapping BEP20 tokens on Binance Smart Chain. PancakeSwap uses an automated market maker model where users trade against a liquidity pool. These pools are filled by users who deposit their funds into the pool and receive liquidity provider (LP) tokens in return.
These tokens can later be used to reclaim their share of the pool, as well as a portion of the trading fees. These LP tokens are known as FLIP. PancakeSwap also allows users to farm additional tokens such as CAKE and SYRUP. On the farm, users can deposit LP tokens and get rewarded with CAKE.
PancakeSwap allows users to trade BEP20 tokens, provide liquidity to the exchange and earn fees, stake LP tokens to earn CAKE, stake CAKE to earn more CAKE and stake CAKE to earn tokens of other projects.
PancakeSwap is a Binance Smart Chain-based decentralized exchange (DEX) that was launched by anonymous developers with an apparent passion for pancakes.
PancakeSwap uses an automated market maker model, meaning that there are no order books and liquidity pools are used instead. A user can earn income by becoming a liquidity provide; by adding their tokens to the liquidity pool they can farm LP tokens and stake their CAKE to earn rewards. They can also try their luck with the lotteries and non-fungible tokens.
The PancakeSwap token CAKE is a BEP20 token that originally launched on Binance Smart Chain. The main function of CAKE is to incentivize the liquidity provision to the PancakeSwap platform. Users can stake their tokens to earn rewards, which is done by depositing Liquidity Provider tokens and locking them up. This is known as farming and is rewarded by the system with CAKE tokens. The tokens can be un-staked with zero holding time. CAKE gives users the opportunity to invest and increase returns in the future but comes with risks.
CAKE can be used to enter a lottery on PancakeSwap. Each lottery session takes 6 hours. A single ticket costs 10 CAKE and comes with a random combination of four numbers between 1 and 14, for example, 8-6-4-13. To win the jackpot, which equals 50% of the entire lottery pool, the numbers in your ticket need to match all four of the numbers in the winning ticket.
Users can also win non-fungible tokens that can be traded for CAKE or kept in a wallet.
Date | Open, $ | Min, $ | Max, $ | Market cap, $ |
---|---|---|---|---|
May 05 | 2.70 | 2.66 | 2.73 | 707 924 455 |
May 06 | 2.72 | 2.67 | 2.79 | 694 981 436 |
May 07 | 2.66 | 2.64 | 2.70 | 684 748 504 |
May 08 | 2.61 | 2.60 | 2.65 | 684 439 410 |
May 09 | 2.65 | 2.64 | 2.73 | 712 751 076 |
May 10 | 2.72 | 2.60 | 2.72 | 697 030 526 |
May 11 | 2.61 | 2.60 | 2.62 | 698 038 083 |
May 12 | 2.61 | 2.59 | 2.62 | 691 382 970 |
May 13 | 2.59 | 2.52 | 2.65 | 679 977 083 |
May 14 | 2.60 | 2.53 | 2.60 | 661 073 052 |
* Crypto Rating accepts no liability for any errors in the PancakeSwap information, CAKE Prices and CAKE's Market Cap. For the most up-to-date prices please visit the PancakeSwap's official website.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | BTC | Bitcoin predictions | 89.2% | 13 | $61 659.87 | -1.73% | -2.44% | $1 214 589 127 451 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ETH | Ethereum predictions | 84.8% | 18 | $2 899.09 | -2.18% | -5.21% | $348 223 679 813 | ||
3 | USDT | Tether predictions | 95.6% | 1 | $0.999385 | -0.03% | -0.07% | $110 778 776 541 | ||
4 | BNB | Binance Coin predictions | 86% | 15 | $575.60 | -3.18% | -2.50% | $84 950 321 330 | ||
5 | SOL | Solana predictions | 84.8% | 28 | $144.43 | -0.67% | -5.85% | $64 800 732 829 | ||
6 | USDC | USD Coin predictions | 96% | 1 | $1.000028 | 0% | 0% | $33 098 516 493 | ||
7 | XRP | XRP predictions | 88.8% | 14 | $0.504122 | -0.13% | -6.12% | $27 907 786 641 | ||
8 | TON | Toncoin predictions | 71.2% | 59 | $6.66 | -8.32% | 12.78% | $23 146 086 408 | ||
9 | DOGE | Dogecoin predictions | 78.4% | 34 | $0.149448 | 1.63% | -4.08% | $21 563 494 843 | ||
10 | ADA | Cardano predictions | 88.8% | 19 | $0.432481 | -2.84% | -4.01% | $15 427 011 014 | ||
11 | SHIB | SHIBA INU predictions | 78.8% | 45 | $0.000023 | -1.96% | -1.12% | $13 796 107 019 | ||
12 | AVAX | Avalanche predictions | 80.4% | 33 | $32.53 | -1.53% | -10.80% | $12 416 914 797 | ||
13 | TRX | TRON predictions | 78% | 37 | $0.125024 | -0.91% | 4.18% | $10 936 165 289 | ||
14 | WTRX | Wrapped TRON predictions | 80.4% | 37 | $0.124764 | -1.25% | 3.84% | $10 913 257 960 | ||
15 | STETH | Lido stETH predictions | 92% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |
NordFX Copy Trading stands out as a streamlined yet potent avenue for individuals eager to augment their financial capacity. This platform serves as a conduit for veteran traders to gain supplementary profits by marketing their trade signals...
Forex hedging is a risk management strategy that offsets potential losses by taking opposite positions. It involves placing trades that serve as a safeguard against adverse price movements...
More and more countries across the globe offer the option to invest in citizenship and obtain a second passport. This opens the doors to various opportunities like global expansion...
AI machine learning models are a hot topic right now, and ChatGPT is the name on everyone’s lips. Some believe AI will inevitably lead to millions of job losses...
The crypto market cap fell 1.6% in 24 hours to $1.166 trillion. Risk assets in traditional markets came under pressure as the accumulated overheating in equities (especially in techs) accompanied a trigger...
The crypto market has been selling off since Tuesday morning, losing 1.7% to 1.17 trillion in 24h. Bitcoin is down 1.6%, Ethereum is down 1.75%, while the top altcoins are losing between 0.9% for BNB and 3.7% for Solana...
Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.
© 2015-2024 Crypto-Rating.com
The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.