Review on PancakeSwap by Pedro O. Alvino M.
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 function on the platform, it is not necessary to register but to connect through a wallet that supports the Smart Chain or those indicated by the platform. Like other Swap exchanges, it also allows users to generate dividends through the provision of settlement and also pool service, in addition, thanks to its CAKE token it will also be possible to obtain benefits either by blocking it to generate passive profits and use it in the service of lottery you own.
According to what goes online in the market, it has had a great flow of uses given the economy of its network costs, in addition to the popularity of these markets it continues to grow given the short-term benefits they offer.
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.
