PancakeSwap is a type of DEX known as an automated market maker (AMM). It is by far the most popular DEX in the blockchain industry. This is due to its enormous liquidity, broad feature set, and large user base.
It was launched in September 2020 by an unknown individual or group. PancakeSwap is a game-changer for several reasons. It is based on the Binance Chain BEP-2, which is the world’s largest cryptocurrency exchange with an average daily trade value of $27 billion.
Secondly, this platform is certified by CertiK, a prominent smart-contract security firm. As a result, it is more secure than unaudited DeFi projects. Also, one can trade cryptocurrency and tokens without intermediaries hence, keeping custody of one’s coins.
Investors can farm additional tokens such as CAKE and SYRUP. PancakeSwap also includes game-like elements. PancakeSwap also has a plethora of bunny-themed NFTs.
Moreover, new coins may be purchased through IFO sales launched by budding projects. These are the many reasons PancakeSwap will be a game-changer in the crypto market.
The success of Pancakeswap inspires many out there to start their own Platform like Pancakeswap. With Pancakeswap Clone Script, one can kick start their own DEX platform like Pancakeswap Instantly and easily.