Cake is the BEP20 native token of decentralized exchange platform PancakeSwap. Pancake swap was created on Binance Smart Chain and aimed to serve as a platform where different tokens on the Binance Smart Chain can be traded and exchanged. Cake is a utility token and holders can earn rewards by staking them. Pancake swap is one of the leading truly decentralized finance projects.
With a total market cap of over $667 million, PancakeSwap is the No. 68 cryptocurrency by market size. The currency symbol for PancakeSwap is CAKE. PancakeSwap is the token issued by the PancakeSwap platform. There will only ever be 750 million PancakeSwap tokens issued. So far 182 million tokens (24.3% of the total supply) have been issued.
We found savings accounts offering up to 50% APY on PancakeSwap deposits and loans as low as 11.7% APY against PancakeSwap used as collateral. Check out our PancakeSwap staking yields table and PancakeSwap loan rates table for further details.
The technical price analysis for PancakeSwap below is undertaken automatically by Tradingview by looking at over 20 different technical chart indicators. You can see how many of these indicators were BUY, NEUTRAL or SELL at the bottom of the chart. The indicators will change depending on what time frame you are looking at. The analysis does not consider market sentiment or broader macro issues that may affect the price of PancakeSwap.
AYes PancakeSwap is an NFT. NFT is an abbreviation of Non-Fungible Token, which is a special type of cryptographic token which represents something unique such as a unique piece of property. Wikipedia.
QWhat ecosystem is PancakeSwap part of?
APancakeSwap is part of the Binance Smart Chain and Aptos ecosystems.
QIs it possible to stake PancakeSwap to generate passive income?
AYes, staking is available for PancakeSwap on a number of platforms. For a full list of PancakeSwap staking yields see our list of PancakeSwap staking yields.
QHow much can I earn staking PancakeSwap?
AYou can earn up to 50% APY by staking your PancakeSwap tokens. Check out our PancakeSwap staking yields table for further details.
QWhere is the best place to stake PancakeSwap?
ARight now the best staking rates are on Binance with an income rate of up to 50% APY.
QIs it a good time to buy PancakeSwap?
AYou can check the technical indicators for PancakeSwap on the PancakeSwap Price Trend tab. These indicators are based on the analysis of multiple trading signals for PancakeSwap.
QWhere is the best place to buy PancakeSwap?
AYou can find the cheapest exchange on which to buy PancakeSwap on the PancakeSwap Buy tab.
QWhich crypto wallets support PancakeSwap?
AYou can check which wallets support PancakeSwap on the PancakeSwap Wallets tab.
QCan you get a PancakeSwap loan without collateral?
AAlmost all PancakeSwap loans require you to provide collateral of higher value than the value of the loan that you are tkaing it. The only exception to this is PancakeSwap flash loans which allow you to borrow uncollateralised PancakeSwap for a few seconds as part of a wider transaction. You will need advanced coding skills to take advantage of flahs loans. You can compare all PancakeSwap loans on the PancakeSwap Loans tab.
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