Letโs talk about #Cake
Current price: $2.47 ๐ฐ
Market cap: $720 million ๐
Max supply: 750,000,000 ๐
Circulating supply: ~291,300,436 ๐
$CAKE is the native token of PancakeSwap, a decentralized exchange (DEX) built on the $BNB
Chain. PancakeSwap uses an automated market maker (AMM) model, enabling users to swap BEP-20 tokens directly from their wallets with no intermediaries. Liquidity providers earn $CAKE tokens as rewards, which can be staked or used in yield farming for additional gains.
