$CAKE Platform**: CAKE is the **governance & utility token** of PancakeSwap, a DEX (decentralized exchange)

- **Main utilities**:

- **Transaction fee payment**: Reduced fees when using CAKE.

- **Staking/Farming**: Earn profits by staking CAKE in pools.

- **Governance**: CAKE holders vote on development decisions for PancakeSwap.

- **Lottery tickets**: Buy lottery tickets on PancakeSwap using CAKE.

Diverse utilities**: From staking, farming to governance and entertainment.

- **Low fees & speed**: Fast transactions on BNB Chain with fees only ~$0.01–0.1.

- **Strong community**: Over 1.5 million active wallets holding CAKE.

- **High liquidity**: Daily trading volume ~$200–500 million.