Review on PancakeSwap by jesus ruiz
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 to other competitors.
About gamification, people can simply apply PancakeSwap game parts to their model to motivate and enjoy users.
The transaction fee in PancakeSwap is 0.2%. This fee will be allocated 0.17% for LP and 0.03% for PancakeSwap Treasury.
Personally, I can assure you that the transactions are fast, smooth and the fee is cheap. This is due to the fact that there are many farms, when exchanging the major currencies.
This exchange is very suitable for those who have coins in the wallet. Once in an exchange, the money stays in the wallet. You will not need to move to an exchange to sell and then withdraw your wallet.
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
