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PancakeSwapCAKE

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CAKE Price Live Data

The live price of Bitcoin is $ --(CAKE/USDT)today with a current market cap of $ 527.75M. 24-hour trading volume is $ 527.75M, representing a 371.95% changes from one day ago. CAKE is 0.00% in the last 24 hours. It has a circulating supply of 267.14M USDT.
The highest price paid for PancakeSwap is 44.18234972, which was recorded on 2021-04-30 UTC (almost 4 years). Comparatively, the current price is decrease -95.52% lower than the all-time high price.
The lowest price paid for PancakeSwap is 0.00023177, which was recorded on 2020-09-29 UTC (almost 4 years). Comparatively, the current price is increase 852253.81% higher than the all-time low price.

CAKE Market Information

Popularity
info

#114

Market Cap
info

527.75M

24h Volume
info

527.75M

Circulation Supply
info

267.14M

About(CAKE)

PancakeSwap is an automated market maker (AMM) — a decentralized finance (DeFi) application that allows users to exchange tokens, providing liquidity via farming and earning fees in return. The PancakeSwap token CAKE is a BEP20 token that originally launched on Binance Smart Chain. The main function of CAKE is to incentivize the liquidity provision to the PancakeSwap platform.

FAQ About PancakeSwap (CAKE)

  • What is PancakeSwap (CAKE)?

    PancakeSwap, ( Cake ), is a decentralized cryptocurrency exchange that's known for its low fees and quick transactions. PancakeSwap allows anyone with a cryptocurrency wallet to swap tokens, or stake, which means they allow the exchange to use their tokens for rewards.
    PancakeSwap, a platform for decentralized finance (DeFi), became popular in 2021 due to its high rewards rates. It offered rates up to 100% for those who staked CAKE, its native crypto-token.
    This exchange is also popular among scammers, and it has a reputation for being a haven of pump-and dump schemes. This guide will tell you about both the good and bad sides of PancakeSwap.
  • How to Buy PancakeSwap (CAKE)?

    To buy CAKE, you can follow these general steps:

    1. Choose a cryptocurrency exchange and Create an Account
    Start by selecting a reputable and reliable cryptocurrency platform that supports CAKE trading. You can also buy CAKE here on Toobit. Sign up.

    2. Complete Verification (Not Mandatory):
    Read our How to Complete Identification on Toobit guide for more information.

    3. Deposit Funds:
    Deposit funds into your Toobit account. This could be done via credit/debit cards, or your crypto wallet.

    4. Navigate to CAKE:
    Once your account is funded, navigate to the Markets section of the platform.

    5. Buy CAKE:
    Locate CAKE in the list of available cryptocurrencies.
    Place a buy order. Read our How to Buy Crypto on Toobit guide for more information.
  • Where to Buy PancakeSwap (CAKE)?

    You can buy PancakeSwap (CAKE) here on Toobit with USDT. Read our guide on How to Buy Crypto on Toobit for more information.
  • What is PancakeSwap(CAKE) Price Now?

    Are you looking for PancakeSwap(CAKE) Price? Live CAKE price is updated in real-time on Toobit.
  • What is PancakeSwap (CAKE) Used For?

    CAKE is a digital currency that can be paired up with other digital currencies for liquidity pools and staking on PancakeSwap. It can also be used for digital payments around the world.
  • How to Use PancakeSwap (CAKE)?

    Pancakeswap is a platform that was built originally on the BNB Chain. It allows users to exchange tokens without a central exchange. It offers a variety of products such as:
    1. Token exchange
    2. Earn rewards by establishing a yield farm
    3. CAKE tokens staked in syrup pools
    4. Ethereum liquid staking and simple staking
    5. Pancake Protectors Game
    6. v3 position manager (new feature)
    7. A prediction market
    8. Initial Farm Offering (IFO) token launches
    9. Bridge CAKE to Ethereum & Aptos
    10. Lottery
    11. A NFT market
    Pancakeswap is a company that innovates rapidly and releases new products frequently. PancakeSwap will vote in April 2023 to switch to a token deflationary model, called "Ultrasound CAKE." The protocol approved a proposal titled CAKE Tokenomics V2.5, which aims to combine real yield (no impact on supply) with reduced token emission. Weekly, over 102% of the CAKE minted is burnt. The goal is to give a long-term runway for emissions, and encourage CAKE holders to lock up their tokens.
    PancakeSwap employs an anonymous "Chefs" team in its "Kitchen." This platform has been open-sourced and audited by reputable blockchain security companies like Peckshield, Slowmist and Peckshield.
  • What is PancakeSwap Roadmap?

    PancakeSwap organizes our development priorities based on market changes and developer resources.
  • What Is PancakeSwap V3?

    PancakeSwap V3 introduces a number of key innovations to improve capital efficiency. These include lower fees for traders and increased earnings for liquidity providers.
    PancakeSwap allows for capital concentration. This allows liquidity providers to concentrate their capital in specific price ranges, rather than spreading it out evenly over the entire range. This concentration of capital in the areas where most trading occurs can result in up to a 4000x increase in capital efficiency, especially for stablecoin pool. Liquidity providers can therefore earn more fees for the same amount.
    Trading fees are also lower in V3 as there are four tiers: 0.01% (0.05%), 0.05% (0.05%), 0.25% (0.25%) and 1% (compared to a fixed 0.25% in V2). Tiers are based on the expected volatility of trading pairs and trading activity. The concentration of liquidity within active ranges reduces slippage. V3 implements an intelligent router that finds the best trading path across V3, V2 or StableSwap pool.
    The ability for liquidity providers to customize fee tiers and price ranges, to create non-fungible positions, and to concentrate capital can maximize earning potential and flexibility. V3 introduces active liquidity farming which rewards users with CAKE tokens if prices are within their active liquidity ranges. A VIP trading rewards system and a position manager that allows for single-click depositing are also included.
    The Position Manager is one of the most innovative and new features that PancakeSwap has added. The auto-compounding feature allows all rewards and fees earned from the liquidity position to be automatically compounded into the pool. Compound interest allows a provider to grow their position exponentially over time. The Position Manager also automatically handles gas fees, position rebalancing, and other tasks, reducing the risk of a temporary loss. The providers can provide liquidity in concentrated price ranges to maximize the fees generated by high trading volumes, and select strategies that are optimized for their level of risk tolerance.
  • What's PancakeSwap Ecosystem?

    Trade:
    1. Swap: Instantly trade crypto across multiple chains

    2. Liquidity: Trading fees are earned by ""fund liquidity pools""

    3. Bridge: Transferring assets seamlessly across chains

    4. Perpetual: No expiration date for trading

    5. Buy Crypto: Purchase crypto using your preferred payment method and currency

    Earn:
    1. Farm: Stake LP tokens, harvest CAKE

    2. Pool: Earn rewards by staking CAKE

    3. Liquid Staking: Enjoy asset flexibility and earn rewards

    4. Simple Staking: Enjoy the benefits of single-sided stakes without any hassle.

    5. Position Manager: Automate your PancakeSwap v3 liquidity

    Game & NFT:
    1. Gaming Marketplace: Play, Build, and Connect with PancakeSwap

    2. Prediction: Estimate token prices in minutes

    3. NFT Marketplace: Trade unique NFTs on BNB Chain
  • Is PancakeSwap a good investment?

    PancakeSwap is a great crypto investment because of its position within the DeFi eco-system and the many staking options that it offers.
    PancakeSwap, the second most active decentralized exchange by trading volume behind Uniswap, is a relatively new platform. It is also one of the biggest DeFi protocols when it comes to TVL. It's a great protocol for many reasons:
    Low fees. This makes it more accessible than platforms built using Ethereum, particularly for those who are looking to conduct smaller transactions but would be unable to afford the high fees.
    The process of staking is simple and easy. It takes only minutes to complete the staking procedure. PancakeSwap, unlike some other AMMs provides APRs for all of its pools so that you can know exactly how much money you will earn from each.
    There are many pools and farms. You can likely stake your BEP20 tokens on PancakeSwap, no matter how many you own.
    PancakeSwap, despite its advantages, is a very risky business. DeFi is a new company, so it's difficult to predict its future. PancakeSwap has a lot of positives, but it's important to be careful about the amount you invest.
    PancakeSwap is a decentralized cryptocurrency exchange that offers low fees.
    PancakeSwap, a platform for decentralized finance (DeFi), became popular in 2021 due to its high rewards rates. It offered rates up to 100% for those who staked CAKE, its native crypto-token.
    This exchange is also popular among scammers, and it has a reputation for being a haven of pump-and dump schemes. This guide will tell you about both the good and bad sides of PancakeSwap.
  • How can users participate in yield farming on PancakeSwap?

    Users can participate in yield farming on PancakeSwap by providing liquidity to different trading pairs on the platform. By supplying liquidity, users earn LP (liquidity provider) tokens, which can then be staked in various farming pools to earn rewards in the form of CAKE tokens.
  • What are some popular strategies for maximizing yield on PancakeSwap?

    Some popular strategies for maximizing yield on PancakeSwap include participating in high-yield farming pools, utilizing leverage through margin trading, and taking advantage of liquidity mining opportunities. It is important for users to research and understand the risks involved in each strategy before investing.
  • How does PancakeSwap's native token, CAKE, factor into the platform's ecosystem?

    CAKE is the native token of PancakeSwap and plays a central role in the platform's ecosystem. Users can earn CAKE rewards through participating in yield farming, staking, and other activities on the platform. CAKE can also be used for voting on platform governance decisions and accessing various features and services within the PancakeSwap ecosystem.
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