$CAKE PancakeSwap is a decentralized exchange (DEX) built on the Binance Smart Chain (BSC). It allows users to trade cryptocurrencies without relying on a centralized authority. Let's dive into some fascinating facts about PancakeSwap and its native token, CAKE.

01

PancakeSwap launched in September 2020, quickly gaining popularity due to its low fees and fast transactions.

02

The platform uses an automated market maker (AMM) model, where users trade against liquidity pools instead of a traditional order book.

03

CAKE is the native token of PancakeSwap, used for governance, staking, and earning rewards.

04

PancakeSwap's name and branding are inspired by breakfast foods, with a playful and engaging theme.