CAKE is the native token of one of the most popular decentralized exchanges on the BNB Chain - PancakeSwap 🥞
Here's what you need to know:
🔹 Purpose:
CAKE is used for farming, staking, participating in DAO votes, and lotteries.
🔹 Benefits:
CAKE holders can earn passive income 💰 and also influence the development of the platform through voting 📊
🔹 Network:
Operates on the BNB Smart Chain, providing fast and cheap transactions ⚡
🔹 Tokenomics:
Deflationary model - a portion of CAKE is regularly burned 🔥 to reduce supply.
CAKE is not just a dessert, but a tool for DeFi enthusiasts who want to get the most out of staking and farming!
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