PancakeSwap is a decentralized exchange built on the Binance Smart Chain (BSC), designed to trade BEP-20 tokens without relying on centralized platforms. It uses an Automated Market Maker (AMM) system, ensuring all transactions are fully decentralized and funds remain under traders' control. The platform enables users to trade and earn, offering various ways to earn crypto. Its native token, CAKE, incentivizes liquidity providers. PancakeSwap operates on BSC, which generally offers lower transaction fees compared to Ethereum-based DEXs. Users can earn passive income by providing liquidity and participate in trading tournaments, prediction markets, and launchpads. PancakeSwap is the largest swap on BSC and has surpassed Uniswap in total value locked (TVL). Its token, CAKE, allows for inves...
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