The CAKE token is the digital currency of the PancakeSwap platform, which is a decentralized trading platform (DEX) built on the BSC (Binance Smart Chain). CAKE is used as rewards on this platform, and users can utilize it for a range of activities such as yield farming, liquidity provision, and voting on governance proposals.
PancakeSwap allows users to quickly exchange digital assets on the BSC network at low costs, and it is one of the most popular alternatives to Uniswap, which operates on the Ethereum network m$BMT
