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🔹 Overview: PancakeSwap is the leading decentralized exchange (DEX) on the Binance Smart Chain (BSC), offering low fees, high-speed transactions, and a variety of DeFi features like yield farming, staking, and NFTs.
✅ Pros: ✔️ Low transaction fees compared to Ethereum-based DEXs ✔️ High liquidity with multiple farming and staking options ✔️ Strong community and continuous feature upgrades
❌ Cons: ❌ Higher risk of rug pulls due to open listing policy ❌ Strong competition from other DEXs like Uniswap and SushiSwap
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