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Hello how are you all I hope you all will be well i read this lecture very well i learned it practically and increased my knowledge i have prepared this lecture because my knowledge So we are very grateful to the lecturers who imparted this knowledge to us.

Question no 1

What is Liquidity in Pancakeswap explain with example ? and add Liquidity in Pancakeswap and explain all the steps with screenshot. (explain in your own word)

Liquidity in Pancakeswap

Liquidity in Pancakeswap is the assets in the Liquidity pool that is used to process transaction. Furthermore, assets are bought and sold in the market without any change in asset prices With its help assets can be converted into cash. There are two types of liquid market and liquid asset. Liquid market means investors are ready to trade in the market and liquid assets are assets that we can easily convert into cash.

Example

If I intend to provide liquid in in the Pancakeswap liquid pool for BUSD and BNB, if the be BUSD is worth $20 than the equivalent BNB would be $20 and that satisfies the 50%/ 50% basis.

If the liquidity provider deposits its assets in the liquidity pool, then the trader buys and sells the liquidity pool and the fees paid by the trader in buying and selling are paid to the liquidity provider as profit. And so the liquidator makes a profit.

Add Liquidity in Pancakeswap

First open the pancake swap then click on home then click on trade and after click on trade click on liquidity

Then click n Add Liquidity

Here we selected BNB and BUSD and adjusted 50% of both

Then click on Approve

Then click Approve to confirm again and click on supply

Then your process will be successful

Question no 2

How to connect Binance exchange account with Binance smart chain or trust wallet. explain all the steps through screenshot. and transfer any coin from Binance exchange to Binance Smart Chain.

First click on Trust Wallet, then click on Smart Chain

We will then copy the address

Then open Binance exchange and click on wallet

Then click on Withdrawal

You will then select the Coin you want to send. I will select BNB here

Then the address you copied will be posted here and select the network below. After selecting the network, write the amount you want to send, then click on withdrawal.

Then click on Confirm

After confirming your process will be completed. In the screenshot you can see my transaction.

Question no 3

What is the differences between Trust Wallet and Metamask and which of them is better and why? explain in your own words.

Trust wallets and Metamask are both crypto wallets, in which the user can store, receive, and send their assets to anyone, then both wallets consist of a fully decentralized system. The user has full control over their assets, and no one can tamper with their assets, they can send and receive these assets to anyone at their own will and store them.

Difference

Trust wallet

Trust wallet is associated with Binance Smart chain.

Trust Wallet can only be used on a mobile device

The transaction process on the trust wallet is fast

It has lower transaction fees due to lower gas fees

Metamask

Metamask is associated with Ethereum blockchain

Metamask can be used in mobile devices as well as computers

The higher the gas fee in Metamask, the higher the transaction fee.

The transaction process in Metamask is not fast

Which of them is better and why

I would prefer a Trust Wallet over a Metamask in that it transaction faster than a Metamask and because its transaction fees are lower than a Metamask, I would prefer it over a Metamask.

In other words, I would prefer Metamask because Trust Wallet can only be used on a mobile device while Metamask can be used on both mobile and computer.

Question no 4

What is meant by Pancakeswap and Uniswap?

And what is the main differences between them

Explain the different future of both

Which of these exchange is better and why explain in your own words

Pancakeswap

The Pancakeswap consists of a Decentralized system. Pancakeswap is connected to the Binance smart chain network which allows users to fix their affairs without the involvement of a third party. In addition, users trade their Crypto assets by converting them into custom coins. Prices are quoted through AMM, in which the user can transact freely.

Uniswap

Uniswap consists of a decentralized system linked to the Ethereum blockchain. In which users can freely buy, sell and exchange their crypto assets without the involvement of any third party.

Because they are both decentralized systems, users can use them freely and expeditiously for their transactions.

Difference

Pancakeswap

Pancakeswap is deployed on the Binance Smart Chain

The Exchange fee at Pancakeswap is very low so transactions can be done at a low fee.

It also has the availability of yield farming

The availability of tokens and trading pairs within Pancakeswap is low

Uniswap

Uniswap is deployed on the Ethereum blockchain

There is a high Exchange fee

There is no need to yield farming

It has more tokens and trading pairs available than Pancakeswap

Features

Pancakeswap

Pancakeswap features you can see inside the screenshot and I will explain them below

Exchange

Exchange is a section where users can convert and exchange their assets into coins of any other choice.

Liquidity

In Liquidity the user can provide Liquidity through which he becomes a Liquidity Provider and earns passive income.

Farms

At the farm, users can stake their assets long time and earn assets

Pools

In Pool users can stake their assets in the pool of their choice to earn passive income

Prediction

In it, users can predict the next value of an asset and earn

Lottery

As the name suggests, users participate in the lottery and buy tickets and their lottery can be drawn if they are lucky.

NFT

In it, users can list their digital assets tokenized and listed to preserve the value of those assets.

Teams and profile

Teams compete for some special prizes and make it interesting. This includes team girls.

Uniswap

Swap

It is fully Decentralizad and allows users to swap tokens based on Ethereum blockchain for each other and Swap coins that they are willing to Swap.

Pool

This is a section for Liquidity providers so that users can contribute their assets to the Liquidity Pool.

Vote

UNI holders have the power to influence progress on Uniswap and the right to vote is at their associated stake. Uniswap is governed by UNI

which is better and why?

In terms of earnings, I would prefer Pancakeswap over Uniswap because Pancakeswap has predictions, lotteries, fields, and favorites that are not in Uniswap.

Also in terms of fees I would prefer Pancakeswap over Uniswap as it has cheaper and faster transaction cost.

In terms of trading volume, I would prefer Uniswap over Pancakeswap because it has more tokens and trading pairs.

Question no 5

How to connect Pancakeswap with Metamask. explain this with a screenshot.

If you first created a Metamask account, you can see that Metamask is connected to the Ethereum network. While Pancakeswap is associated with the smart chain. So in order to connect Metamask with Pancakeswap, we will first connect Metamask with the Smart Chain Network.

Click on the first three lines to connect Metamask to the Smart Chain network

Then click on Settings

Then click on Network

Then enter all the smart chain information and click save

Because I've already added a smart chain network, the save button is not showing

Then you can see that Metamask is connected to the smart chain network

Now click on the three lines again to connect Metamask with Pancakeswap and then click on Browser. Any mobile device using it can only connect to the browser. Also can't attach it to chrome etc.

Then search for Pancakeswap and click Connect

Then click Connect again

Then in the screenshot below you can see that my Metamask Wallet has been successfully linked to Pancakeswap.

Specifically thanks to

Sir @yousafharoonkhan

Many thanks to Sir who provided us with this information and added to our knowledge. May Allah give you more progress and happiness