Review on PancakeSwap by Carlos Figueroa

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 online belonged to the Ethereum network, a very congested network and high fee costs and the emergence of PancakeSwap opened a wide range of possibilities for operators with a merely stable network and low fee costs.

The functions contained in the DEX of the Binance network are currently very varied, so that its exchange of tokens and liquidity pools are its main functions, it also provides a lottery mechanism, new project launch program and an NFT market that it is not completely complete.

Another point in favor of the DEX is that a large part of the tokens that are launched in the Binance network use PancakeSwap as the exchange to list their tokens and add liquidity, also many of the DEX in the Binance network use the pools of PancakeSwap to use as a liquidity pool base in your DEX, adding more TVL to the pioneering DEX of the Binance network.