#BSCProjectSpotlight

Below is the introduction, advantages, and disadvantages of PancakeSwap #CAKE – one of the most prominent DeFi projects on the BNB Smart Chain (BSC):

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1. Introduction to PancakeSwap

PancakeSwap is a decentralized exchange (DEX) operating on the BNB Smart Chain. It allows users to swap BEP-20 tokens, participate in farming, staking, lotteries, IFO (Initial Farm Offering), and other DeFi products.

The native token of the project is CAKE – used for rewards, staking, and governance.