What is CAKE?

_{PancakeSwap (CAKE)What is it?}

PancakeSwap is a decentralized exchange (DEX) built on the BNB Chain.
This allows users to exchange tokens without relying on centralized intermediaries. The platform offers DeFi products.
Various types such as token exchanges, Yield Farming, and Syrup Pools for Staking.
CAKE's own underlying token. Additional features include Ethereum liquid staking, prediction market
Launch of tokens in the form of Initial Farm Offering (IFO), cross-chain bridges
To Ethereum and Aptos, Lotteries, and NFT Marketplaces

_{Native blockchain:}

PancakeSwap (CAKE) transacts on BNB Chain (formerly Binance Smart Chain or BSC)
Which is a blockchain designed to support low-cost transactions and fast token exchanges.
Including the use of various DeFi products

_{Consensus protocol:}

PancakeSwap (CAKE) uses Proof of Staked Authority (PoSA)
It is a consensus protocol on BNB Chain

_{Founder/Date Founded:}

PancakeSwap operates under a decentralized team structure. The development is overseen by several co-sponsors.
The platform's smart contacts are controlled via multi-signature wallets (multi-signature wallets).
That requires multiple approvals for major changes.

_{Objective/Use case:}

PancakeSwap (CAKE) was built as a decentralized exchange (DEX) on the BNB Chain.
To provide fast and low-cost transaction services, it was inspired by Uniswap but built on BSC.
To speed up and reduce fees, the platform allows token swaps,
Yield Farming, Staking, and features such as Initial Farm Offerings (IFO), NFTs,
And cross-chain bridges have become a popular DeFi hub.

_{Total supply/Limit or Unlimited:}

The total amount of PancakeSwap (CAKE) is $450 million

_{Forsyning Deflation:}

PancakeSwap Token Burning Process (CAKE)
Occurs through the use of part of the transaction fee on the platform. The token burning process works as follows:
Transaction fees: When users perform actions such as swapping or adding/removing liquidity on PancakeSwap
The resulting transaction fee is partially used to burn tokens. Purchasing and burning tokens:
A portion of the fee will be used to purchase CAKE tokens from the marketplace.
And then these tokens are sent to the burn address, making those tokens no longer usable.

_Source:

https://pancakeswap.finance/

https://www.coinbase.com/th/price/pancakeswap

https://coinmarketcap.com/currencies/pancakeswap/

https://www.coingecko.com/th/coin/pancakeswap

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