📣 5 DAYS LEFT, PancakeSwap x Pancake Protectors Fam! Don't miss out on our 3rd-anniversary special NFT.

🎁Grab it exclusively in this social media giveaway. 

📣 5 DAYS LEFT, PancakeSwap x Pancake Protectors Fam! Don't miss out on our 3rd-anniversary special NFT.

🎁Grab it exclusively in this social media giveaway. 

🎉Details here: https://bit.ly/46k17js

#3YearsOfPancakeSwap #PancakeProtectors 

What Makes Bull Market Winners So Successful?

Best Centralized and Decentralized Crypto Exchanges Of 2022

Top 10 BNB Chain Projects in 2022

Top 10 Biggest Gainers: Which Coins Have Gained the Most This Year?

A 5-Step Guide to Planning Your IDO: A Guide by PlasmaFinance

## What Is PancakeSwap (CAKE)?

PancakeSwap is an automated market maker ([AMM](https://coinmarketcap.com/alexandria/glossary/automated-market-maker-amm)) — a decentralized finance ([DeFi](https://coinmarketcap.com/alexandria/glossary/defi)) application that allows users to exchange tokens, providing liquidity via farming and earning fees in return.

To learn more about this project, check out our deep dive of [Pancakeswap](https://coinmarketcap.com/alexandria/article/what-is-pancakeswap).

It launched in September 2020 and is a decentralized exchange for swapping BEP20 tokens on Binance Smart Chain. PancakeSwap uses an automated market maker model where users trade against a liquidity pool. These pools are filled by users who deposit their funds into the pool and receive liquidity provider (LP) tokens in return.

These tokens can later be used to reclaim their share of the pool, as well as a portion of the trading fees. These LP tokens are known as FLIP. PancakeSwap also allows users to farm additional tokens such as CAKE and SYRUP. On the farm, users can deposit LP tokens and get rewarded with CAKE. 

PancakeSwap allows users to trade BEP20 tokens, provide liquidity to the exchange and earn fees, stake LP tokens to earn CAKE, stake CAKE to earn more CAKE and stake CAKE to earn tokens of other projects. 


### Who Are the Founders of PancakeSwap?

PancakeSwap is a Binance Smart Chain-based decentralized exchange ([DEX](https://coinmarketcap.com/alexandria/glossary/decentralized-exchange-dex)) that was launched by anonymous developers with an apparent passion for pancakes.


#### What Makes PancakeSwap Unique?

PancakeSwap uses an automated market maker model, meaning that there are no order books and liquidity pools are used instead. A user can earn income by becoming a liquidity provide; by adding their tokens to the liquidity pool they can farm LP tokens and stake their CAKE to earn rewards. They can also try their luck with the lotteries and non-fungible tokens. 

The PancakeSwap token CAKE is a BEP20 token that originally launched on Binance Smart Chain. The main function of CAKE is to incentivize the liquidity provision to the PancakeSwap platform.

Users can stake their tokens to earn rewards, which is done by depositing Liquidity Provider tokens and locking them up. This is known as farming and is rewarded by the system with CAKE tokens. The tokens can be un-staked with zero holding time. CAKE gives users the opportunity to invest and increase returns in the future but comes with risks.

CAKE can be used to enter a lottery on PancakeSwap. Each lottery session takes 6 hours. A single ticket costs 10 CAKE and comes with a random combination of four numbers between 1 and 14, for example, 8-6-4-13. To win the jackpot, which equals 50% of the entire lottery pool, the numbers in your ticket need to match all four of the numbers in the winning ticket.

Users can also win non-fungible tokens that can be traded for CAKE or kept in a wallet.


#### Related Pages:

Learn about [Waves](https://coinmarketcap.com/currencies/waves/).

Learn about [Vertcoin](https://coinmarketcap.com/currencies/vertcoin/).

Learn about Dego Finance on [CMC Alexandria](https://coinmarketcap.com/alexandria/article/what-is-dego-finance-dego).

Increase your knowledge of crypto with the [CoinMarketCap blog](https://coinmarketcap.com/alexandria/categories/blog).


#### How Many PancakeSwap (CAKE) Coins Are There in Circulation?

As of March 2021, PancakeSwap (CAKE) has a circulating supply of 125,984,870 CAKE coins and no maximum supply data is available.


### How Is the PancakeSwap Network Secured?

PancakeSwap can be securely stored on supported wallets that are connected to the Binance Smart Chain. These include MetaMask, TrustWallet, TokenPocket and WalletConnect.


### Where Can You Buy PancakeSwap (CAKE)?

PancakeSwap (CAKE) can be bought and sold on the following exchanges:



*   [Binance](https://coinmarketcap.com/exchanges/binance/)
*   [VCC Exchange](https://coinmarketcap.com/exchanges/vcc-exchange/)
*   [BKEX](https://coinmarketcap.com/exchanges/bkex/)
*   [KuCoin](https://coinmarketcap.com/exchanges/kucoin/)
*   [MXC.COM](https://coinmarketcap.com/exchanges/mxc/)

If you are interested in learning more about how to purchase Bitcoin ([BTC](https://coinmarketcap.com/currencies/bitcoin/)), you can read CoinMarketCap’s comprehensive [guide](https://coinmarketcap.com/how-to-buy-bitcoin/).


Currencies	Current Price
CAKE BNB	0.005455 BNB
CAKE AUD	$1.8271
CAKE CAD	$1.5962
CAKE CHF	Fr 1.0753
CAKE EUR	€1.1094
CAKE GBP	£0.9629
CAKE PHP	₱66.53
CAKE BTC	0.0000432 BTC
CAKE ETH	0.0006985 ETH
CAKE ZAR	R 22.22
CAKE NZD	$1.9591
CAKE NGN	NGN 915.81
CAKE SGD	S$1.6044
CAKE INR	₹97.68

PancakeSwap to Binance Coin Data

CAKE to BNB History

PancakeSwap to BNB Chart

CAKE to BNB Converter

CAKE to BNB Conversion Rates

People Also Watch