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PancakeSwap Review

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Revainrating 4 out of 5  
Rating 
3.9
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Description of PancakeSwap

PancakeSwap is a decentralized exchange for swapping BEP20 tokens on Binance Smart Chain. PancakeSwap uses an automated market maker (AMM) model where users trade against a liquidity pool. Such pools are filled with users’ funds. They deposit them into the pool, receiving liquidity provider (or LP) tokens in return. They can use those tokens to reclaim their share, plus a portion of the trading fees. The LP tokens are called FLIP tokens. PancakeSwap also allows users to farm additional tokens – CAKE and SYRUP. On the farm, users can deposit LP tokens, locking them up in a process that rewards users with CAKE. Users can stake CAKE tokens to receive SYRUP, which will have further functionality as governance tokens (and as tickets in a lotteries).

Reviews

Global ratings 19
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Type of review

Revainrating 4 out of 5

PancakeSwap: A round designed to offer business offers.

Through the Twitter round, I saw that PancakeSwap stage providers offer different freedoms to brokers. Although distributed as a stage replacement, the sheep are expected to offer a variety of opportunities to make and use more money. First of all, it is likely to be the most profoundly defined phase to advance the blessings. There has been a difference from the focus frame and the mobile population due to the demand for at least parts, regular frames and small parts, due to the mobile…

Pros
  • The largest number of exchanges is in the top 5 on DEX.
  • Ultra high liquidity: low gas bill and low price.
  • The enterprise is spotless and clear, the substance is wonderful and smart.
  • Very low pay.
  • Your society is well understood in different countries.
Cons
  • Small development with no opportunities for trade.
  • This is nothing but a little progress without freedom of exchange.

Revainrating 5 out of 5

Baking Pancakes with PancakeSwap Dex exchange on the Binance Smart Chain network.

This is the best known exchange on the Binance Smart Chain blockchain, although it is relatively new and has been one of the most successful on this platform. It is a fork of the popular Dex UNISWAP. For those who like to invest in new projects this is a good option, it works similar to the Dex exchanges that are currently available on the Ether network. Now why use it. -Simply for adding liquidity in different trading pairs, you receive rewards in your internal token, that is, in Cake, the

Pros
  • Fast transactions.
  • Really low fees compared to other chains.
  • You can have good returns if you know how to manage your capital.
  • It has an integrated lottery that offers great rewards.
  • Your token has a good performance compared to its development as an exchange.
  • There are new stages of its development, as well as new methods of exchange.
  • It has a workable roadmap.
  • It is backed by BINANCE.
Cons
  • He had some problems with an internal utility token that was issued more than the market should really have, however this did not do much or generated a service failure.
  • No margin trading.

Revainrating 5 out of 5

DEX pioneer of the Binance network.

The Binance network has been launched, one of the first to enter this network was the DEX PancakeSwap, which introduced a token exchange system of the Binance network and be able to run a liquidity pool or build one. The advantage offered by the exchange is the decentralized system that it has and the minimum costs of fees, as a result of the popularity of the defi was increasing, a decentralized exchange with a stable network and minimal cost of fees was necessary, since the defis that were…

Pros
  • He was the pioneer in running a decentralized exchange on the Binance Smart Chain network.
  • It is in the top 5 of DEX with the highest volume of trade.
  • Executes a wide variety of liquidity pools and project launch programs.
  • It has an excellent program that promotes the volume of trade in the exchange.
  • Offers users a section to analyze liquidity in the exchange's pools and tokens.
  • Your community is well understood in different countries.
Cons
  • You experience intermittent exchange delays and failures.
  • Your NFT market is not fully open.

Revainrating 3 out of 5

Pancake fast and flirty but

This is my primary exchange site. They’re great I usually get my exchange in just a few short minutes. It’s simple to use. Only issue I’ve had was quite recently I purchase some harmony one and I used the already on the site contract for it. And rather than putting it in my one wallet it Made one called harmony one that has no value. Tried to exchange it and nothing happened and they have no customer service and I have no idea what to do right now :/. Three other issue I had was trying to…

Pros
  • Easy to swap coin for coin.
  • Very low fees
  • Usually super quick and very informative.
Cons
  • Doesn’t have customer service
  • One of its errors tell you, you have to manually input gas price but doesn’t allow you to do so
  • They’re trouble shooting page isn’t very helpful

Revainrating 4 out of 5

Decentralized swap system

PancakeSwap is a fully decentralized, uncontrolled, investment gateway platform forked from Uniswap. You do not need to be a member of this platform and you cannot already be a member. I have been using PancakeSwap for a long time and have not had any problems so far and I am quite satisfied. You can earn passive income by keeping your own local token "CAKE" in your wallet on this platform. You can invest in many investment vehicles through the PancakeSwap platform. On…

Pros
  • You can 'stake' cryptocurrencies through this platform
  • Using the platform is very simple
  • Uses smart yield farm algorithm
  • Lottery winnings are available
Cons
  • It does not allow some trading transactions in the cryptocurrency market

Revainrating 5 out of 5

PancaKeSwap, the Binance Smart Chain exchanger

PancakeSwap is a decentralized exchange for BEP-20 token exchanges. PancakeSwap uses an automated market maker (AMM) model. This means that although you can trade digital assets on the platform, there is no order book that matches you with another person. Instead, you trade against a liquidity pool. In addition to decentralized exchanges using the AMM model for BEP20 token exchanges. PancakeSwap also applies Gamification (learning through game mechanics) program that makes it unique compared…

Pros
  • Very useful when exchanging tokens.
  • Allows you to make investments with your tokens, by staking or investing in their farms.
  • You can try your luck in their lottery
  • It is backed by Binance
Cons
  • None for now

Revainrating 5 out of 5

About PancakeSwap

The DeFi industry is one of the most popular topics in terms of crypto money recently. This popularity also causes the price of DeFi tokens to increase. PancakeSwap is the last DeFi protocol to be mentioned recently. The PancakeSwap exchange does not use order books like traditional exchanges. Instead, it uses an automated market maker (AMM) model that matches buy and sell orders directly to others in a pool of liquidity. These pools are filled with funds from other users. Users can earn…

Pros
  • It is possible to see PancakeSwap's own token CAKE, some Binance Coin and BUSD. Various pools such as CAKE-BNB, BUSD-BNB, USDT-BUSD promise earnings at varying rates.
  • swap transaction is done with Binance Smart Chain, which allows users to “make faster transactions with lower fees.
  • NFT can be used at PancakeSwap, participating in organized lottery draws and Initial Farming Offerings (IFO)
Cons
  • none

Revainrating 1 out of 5

Staked my Crypto of 800 USD for 1 year…

Staked my Crypto of 800 USD for 1 year in a pool, earned $300 USD, then when I convert to flex because you cannot unstake it locked, i lost the $300 apparently they updated their TOC and pulled everything and in that TOC update there valuation went down as well. From $800 USD to 600 USD. So i had a loss with Stake at $500 USD (300 + 200). AVOID THIS PLATFORM, they just want to steal your money.

Pros
  • None
Cons
  • False Promises, not even Impairment Loss just actual theft. HODL instead.

Revainrating 4 out of 5

PancakeSwap - a decentralized exchange for exchanging tokens

PancakeSwap is a decentralized exchange for exchanging BEP20 tokens on Binance's smart chain. PancakeSwap uses an Automatic Market Maker (AMM) model in which users trade against a pool of liquidity. Such pools are filled with user funds. They contribute them to the pool, receiving liquidity provider (or LP) tokens in return. They can use these tokens to get their stake back, plus some of the trading fees. PancakeSwap is a decentralized exchange for exchanging BEP20 tokens. Are you familiar

Pros
  • Borrowing BSC token and LP token. The CAKE will be used as a discount.
  • Mint, trade, breed, everything will be paid for with CAKE
  • Trade the BSC token with leverage on the network - CAKE will be redeemed and burned periodically.
Cons
  • The PancakeSwap contract has not yet been audited.

Revainrating 3 out of 5

Pancakeswap crypto currencies network reality exchange

PancakeSwap can become a commuter exchange, allowing you to exchange cryptocurrencies and tokens without being a centralized intermediary, and keep your tokens forever. It is designed in the form of a beautiful automated contract implemented on Binance Good Chain, which is a blockchain platform that transmits encrypted exchanges to Binance. Although Binance does not run, manage or operate the centralized exchange service PancakeSwap, it was created by anonymous developers. The service looks and

Pros
  • Social and intramurals
Cons
  • Slow

Revainrating 4 out of 5

Decentralized exchange of Binance Smart Chain

Before I talk about Pancakeswap, I think this information is important: There are 2 types of exchanges in the crypto market. The first is the centralized exchange , the second is the decentralized exchange . The central stock market is a profit-oriented stock market that belongs to any company, has paid employees. Examples of such exchanges are; Exchanges such as Binance, Huobi, Bitfinex can be given as examples. Decentralized exchanges, on the other hand, do not pursue any profit, they do not…

Pros
  • Easy to swap and low fees
  • Fully decentralized
  • Pre-sales of some projects can be here
  • To be able to get the interest of a token that I want to hold for a long time.
  • There are things in it that can fun
Cons
  • Lots of fake scam projects
  • Sometimes it gives error when you swap low marketcap tokens
  • Risky place for those who don't know
  • Too many low liquidity tokens

Revainrating 3 out of 5

PancakeSwap: This is Stage Prepared to Give Trading Offers

Through the Twitter stage, I have perceived how the suppliers of the PancakeSwap stage offer distinctive t freedoms to merchants. In any event, when this stage was delivered as a trade, the group think of it as more imperative to offer various freedoms to get cash and earnings. Initially, this is one of the stages that is exceptionally centered around the advancement of giveaways. It is feasible to get compensates quickly as a large portion of the chances of this stage are week by week.

Pros
  • It's anything but an undertaking with little advancement however high freedoms to get prizes in tokens.
  • It is accessible around the world and it grants to take part in various giveaways.
  • The venture is spotless and clear, and the substance is brilliant and clever.
Cons
  • It's anything but a little advancement with not freedoms for exchanging.
  • It's anything but a blunder in the code of the site page.

Revainrating 4 out of 5

Pancakswap is best Solution for Low fees farming of bep20 tokens

Pancakswap is decentralized dex platfrom specifically built on Binance Smart chain for farming different token by providing liquidity and fetch rewards as cake. Pancake is quite similar to other ether based Defi Dex platforms but with a difference of governance rights and best substitute and benefit of low fees swaps as compare to any ERC20 Dex platforms and this is the reason why pancakeswap has become immensely popular and has grown immensely within few months. Cake is platform native token…

Pros
  • Easy to use with most dApps
  • Built on Binance smart chain offers low fees swapping and farming
  • Cake token growth has been immense and consistent
  • Lot of ways to earn from platfrom like lottery and NFT
Cons
  • I have not seen any drawbacks and using it with ease and without any security threat and safety of funds

Revainrating 4 out of 5

Pancakeswap

PancakeSwap was developed to encourage liquidity supply. Everything that can be done in Uniswap and even more can be done on the PancakeSwap platform on the Binance Smart Chain network, not on the Ethereum network. NFTs are also available on PancakeSwap. In addition, the project IFOs, ie the first farming supplies, are made ongoing. Thus, it is possible to easily invest in new projects. PancakeSwap is the 3rd highest volume decentralized exchange. It is one of the eyes of the DeFi…

Pros
  • Investors can earn rewards with various tokens by staking CAKE to the pool on PancakeSwap according to DeFi protocols and interest rates. Staking starts at any time, exit can be made at any time.
  • CAKE can also be obtained by providing liquidity in certain cryptocurrency pairs at PancakeSwap.
  • Another feature of liquidity pools is the ability to join pools with USD-indexed stablecoins.
  • It is possible to participate in the continuous lottery draw for 1 CAKE. When entering the lottery, 4 numbers are given randomly. These numbers range from 1 to 14. When the lottery is drawn, those who hit 4, 3 and 2, provided that the places of these four numbers are the same, have the chance to win the prize CAKE. Especially for hits 4 and 3, the rewards are very high CAKE.
Cons
  • Attacks on PancakeSwap and all other decentralized exchanges to previously unknown, unexplored vulnerabilities can put investors in a difficult situation.

Revainrating 4 out of 5

If you want to earn more cake tokens, then try PancakeSwap Exchange.

Share your detailed  Do you want to earn more CAKE by staking your tokens? Then PancakeSwap is worth a try. The more you stake your tokens on this platform, the more you earn more. PancakeSwap exchange is a decentralized exchange platform, that was launched on September, 2020. It is still new in the exchange market. As such, alot is expected on this exchange. Like most decentralized exchange, PancakeSwap has no central authority governing it. It was built from the binance smart chain…

Pros
  • The transaction process is very fast.
  • User can gain more tokens by staking their Cryptocurrency.
  • provides liquidity to the user.
Cons
  • Still new in the exchange world, more improvement still has to be made.

Revainrating 5 out of 5

The best decentralized exchange created by binance smart chain.

When I first came across this platform, I was shocked to see an exchange platform bearing this name " pancake" as pancake is mostly known to many as food. I was even more shocker, when I discovered that its currency are called "cake tokens". However, a user should be less bothered about the name, his major concerned should be what the platform can do. Pancakeswap exchange is a new decentralized exchange platform. Decentralized in such a way that, there's no centralized authority over it. As th

Pros
  • PancakeSwap allows users to exchange BEP20 tokens.
  • Users can stake their tokens in this platform inorder to gain more tokens.
  • The transaction fees is low.
Cons
  • Still new, it still requires some time to develop.

Revainrating 3 out of 5

PancakeSwap: This is Platform Ready to Provide Swapping Offers

Through the Twitter platform, I have seen how the providers of the PancakeSwap platform offer different t opportunities to traders. Even when this platform was released as an exchange, the team consider it more important to offer different opportunities to get money and incomes. Firstly, this is one of the platforms that is highly focused on the promotion of giveaways. It is possible to get rewards rapidly as most of the opportunities of this platform are weekly. You can track all…

Pros
  • It is a project with small development but high opportunities to receive rewards in tokens.
  • It is available globally and it permits to participate in different giveaways.
  • The project is clean and clear, and the content is colourful and funny.
Cons
  • It is a small development with not opportunities for trading.
  • It has an error in the code of the web page.

Revainrating 5 out of 5

My number one Decentralised Exchange On BSC

Ever since my first introduction to the Binance Smart Chain and Liquidity mining, pool staking and Defi of its sort, PancakeSwap became my go-to decentralised exchange. Due to the low fee structure of The Binance Smart Chain, I started to use PancakeSwap to trade and provide liquidity. PancakeSwap being commissioned by Binance, gives it a good recommendation and still someways or not, appears to have a centralised controlling power by Binance. But the exchange is still very much good. The TVL…

Pros
  • PancakeSwap uses an Automated Market Maker model to provide liquidity for the exchange
  • PancakeSwap is supported by Binance, this goes a long way to support the exchange
  • The Total Value Locked into PancakeSwap exchange keeps reaching new highs and number of visitors are always on the rise. Interest in the exchange keeps building up daily
  • Farming and pools on PancakeSwap are a good way to earn from Defi protocols
Cons
  • PancakeSwap was once susceptible to DNS attack that led to users giving off their private keys
  • There is a lot of competition arising for the exchange

Revainrating 3 out of 5

Coin exchange developed in the Smart Chain.

An exchange developed through the Smart Chain chain, is an alternative for DEX exchanges such as UniSwap, which is developed in the Ethereum chain which currently its network cost is extremely expensive, for the PancakeSwap exchange is a viable option since it offers pool, staking and currency exchange services with acceptable rates. Thanks to the fact that it is in the Smart Chain, the cost of the network fee does not usually exceed 20 cents, however, to be able to make exchanges or any other

Pros
  • Allows currency exchange without the need for a registration.
  • It has the fast exchange of several popular currencies thanks to its settlement system.
  • Offers various stakeout systems with considerate returns.
  • Compatible as dapps in various cryptocurrency wallets
  • It has a detailed analysis and graph of each currency listed in the ecosystem.
  • The cost of fees is much lower than other DEX ecosystems like UniSwap.
Cons
  • Some currencies do not have enough clearing for the exchange.
  • At the moment it does not admit other external chains.