Pancakeswap is a decentralized exchange where one can trade, exchange, and own crypto. It delivers the users various features that include token swapping, syrup pools, yield farming, NFT marketplace, and prediction markets that let users earn rewards.
Company Details
- Founded: 2020
- Headquarters: Unoshima, Fukuoka, Japan
Key Features:
- It is built on the BNB (Build N Build) chain, on which developers and innovators can develop decentralized applications as a part of Web3.
- Users can earn money through the pool, which is similar to staking and farming mechanisms.
- Offers yield farming opportunities where users can stake LP tokens to earn CAKE (PancakeSwap's native token).
- Pancakeswap offers users the chance to win big CAKE rewards through a lottery system.