Pancakeswap innovates quickly and ships new products regularly. In April 2023, PancakeSwap voted to transition to a deflationary token model called “Ultrasound CAKE.” The protocol passed a proposal called CAKE Tokenomics v2.5 to create a structure combining real yield (no supply impact) and reduced token emissions. Over 102% of minted CAKE is burned weekly. This is intended to provide a multi-year runway for emissions and incentivize locking up CAKE, making the token more valuable long-term.
PancakeSwap is the leading decentralized exchange on BNB Smart Chain, with the highest trading volumes in the market (sources: 1 2).
Why pay more? PancakeSwap runs on BNB Smart Chain, a blockchain with much lower transaction costs than Ethereum or Bitcoin. Trading fees are lower than other top decentralized exchanges too, so that’s a double win for you!
Pancakeswap was originally built on the BNB Chain and allows users to trade tokens without using a centralized exchange. It provides an array of products, such as:
Crypto moves fast, and we move fast too.
Pivoting is a way of life.
That means that we don’t publicly commit to specific timelines, so we can organize our development priorities based on market changes and developer resources.
© 2024 All rights reserved by pancakeonswap.tech
