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03/01 23:54

What is Pancakeswap(CAKE) and how does it function?

PancakeSwap (CAKE) is a decentralized exchange (DEX) built on the Binance Smart Chain (BSC), enabling users to trade cryptocurrencies without intermediaries. It operates through an automated market maker (AMM) model, allowing liquidity providers to earn rewards by supplying tokens. Understanding its functionality is essential for effective trading and investment strategies.

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