PancakeSwap review

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Avatar for AntonDz
3 years ago

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About the project

PancakeSwap aims to be the No. 1 liquidity provider in Binance Smart Chain (BSC) and a home to new, innovative farming gaming tools. There are 26 pools with different coins. Holders can earn CAKE coins. The pools have different rewards, which are specified for each pool (x20, x8). There is also Cake Stacking, for which we get a SYRUP coin. SYRUP holders proportionally split 25% of CAKE block emissions every day (10 CAKE per block). Rewards are distributed with each block. There are 5 pools with the SYRUP coin. Stake SYRUP to earn new tokens. You can unstake at any time. Rewards are calculated per block. Voting in the project is held in Snapshot. This section is actively used - you can find many open and completed votes there. You can also exchange coins or add them to a liquidity pool. The structure itself is very similar to Uniswap. The team states that they want to be Uniswap on the Binance chain.

The bridge tab has a link to the Binance site where you can exchange your coins from another blockage for BSC.  The project holds lotteries in which anyone can participate by buying a ticket for CAKE coins. Spend CAKE to buy tickets for contributing to the lottery pot. Win prizes if 2, 3 or 4 of your ticket numbers match the winning numbers in their exact order!


Why use Binance Smart Chain (BSC)?

The airtime compares to a slower and more expensive car  while the BSC is much faster and cheaper.

How is PancakeSwap different from any other ‘farm’?

The team says they want to pay special attention to gamification.

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Avatar for AntonDz
3 years ago