Cryptocurrency Introduction - $CAKE

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Cryptocurrency - $CAKE

Pancakeswap is a decentralized exchange that runs on the Binance smart chain that allows users to earn and win tokens with its Gamified features. With its automated market maker (AMM) model, users can trade one BEP-20 token for another with a liquidity pool. Users can deposit funds in the pool and get liquidity provider (LP) tokens as a return.

As its governance token, CAKE can be earned from yield farms, Staking, and Syrup pools. In the yield farm, users are able to lock LP tokens up and win CAKE as rewards. Users are also allowed to stake CAKE and earn even more tokens from special staking pools. As the biggest pool, Syrup works only for CAKE.

#cryptocurrency #CAKE #PancakeSwap
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