What is PancakeSwap?
PancakeSwap is one of the famous DeFi based Protocol which aims to provide Automated Market Making (AMM) by being a #1 liquidity provider. This open-source DeFi based exchange is built on the Binance Smart Chain (BSC) through which the platform users can swap BEP-20 tokens.
CAKE is the native token of PancakeSwap and the users can swap, add liquidity, farm, yield, stake, and win CAKE Tokens through lottery.
PancakeSwap Exchange Specification
Type - DeFi Based Exchange
Native Token - CAKE Token
Blockchain Network - Binance Smart Chain (BSC)
Token supported for Swapping - BEP-20
Exchange Model - Automated Market Maker (AMM)
Every platform has its own risks, thus deposit as much as you can afford in the platform PancakeSwap.
Want to launch your own DeFi exchange like PancakeSwap with [PancakeSwap Clone Script](https://www.bitdeal.net/pancakeswap-clone-script) !