Hi Flitpay Fam,
One of your most requested tokens, PancakeSwap (CAKE) is now listed on Flitpay. You can trade and invest in it through the CAKE/INR pair and join it in your crypto journey.
This coin is listed under Flitpay’s Instant Listing Programme, to know what this programme means to you visit learn.
About Pancake Swap (CAKE)
PancakeSwap is a DEX (Decentralized Exchange) platform built on the BNB chain and focuses primarily on swapping BEP-20 tokens. It operates on an automated market maker (AMM) model where traders trade their assets using liquidity pools instead of order books. Pancake swap users deposit their funds in these liquidity pools to get liquidity provider tokens (LP). They can use these LP tokens to reclaim their deposited funds and earn a portion of the trading fee. PancakeSwap also facilitates the farming process in which users deposit their LP tokens and earn CAKE tokens as a reward.
CAKE token is the governance token of PancakeSwap, which has a variety of use cases like earning rewards on staking, registering for the lottery, and voting on governance proposals on the Pancakeswap DEX platform.
Most Decentralized exchanges (DEX) and apps (dApps) are built on Ethereum. However, Pancakeswap stands out because it is developed on the Binance chain instead of Ethereum and is the leading decentralized exchange of the BNB chain.
Token Statistics
Launched Year: September 2020
Current Price: ₹326
Circulating Supply: 165,138,177 CAKE
Total Supply: 357,687,129
Market Rank: 57
*Above data is from Coinmarketcap as of 12th December 2022*
More coin listings are coming soon.
Till then, Happy Trading!
