CAKE to XRP - PancakeSwap Price in XRP

What makes PaneCakeSwap (CAKE) unique?

Providing liquidity on the PanCakeSwap means there is a chance to get rewarded. There are some ways to provide liquidity and earn rewards.

• Adding Liquidity(Syrup Pools)
• Yield Farming
• Staking
• Lottery
• IFO(Initial Farm offering)

 

Adding Liquidity (Syrup Pools):-

Stake your CAKE and earn CAKE or any other token which has provided my PanCakeSwap in the list from rewards every week and month. It's like an interest rate. You will get some interest in your CAKE tokens yearly or monthly. So it is very simple, more cake means more earning.

 

Yield Farming:-

Yield Farming means earning mint another token by providing any two existing pairs of LP tokens. For instance, provide DUSK-BUSD or ONE-USDT pairs of any amount and mint CAKE or any other Tokens in return after some limited period. You can expect the reword from 20% to 10000% return in just one year of farming. Return percentage will change according to the market and liquidity tokens, but you may get around 100% to 450% return for sure. 

Staking:- If you have a CAKE token and have a plan to hold it for a long time, you can stake it in a SYRUP POOL for stacking and earning healthy CAKE tokens in return.

Lottery:- nowhere, you can try your luck with this lottery pool. In this lottery session, you have 6 hours. The lottery ticket costs almost 10 CAKE tokens, and you can get one lottery ticket with some random four-digit number such as 45-58-23-05.  If you want to win in this lottery pool competition, you have to match your ticket number's pattern with the winning ticket number's pattern.

You can also win the rewards if you get only 2 or 3 same numbers as the winning lottery ticket has.

IFO(Initial Farm offering):- here, you can newly launched tokens. You can check regularly active IFOs information and get your tokens.

 

Is PancakeSwap(CAKE) safe?

We can say it is partially safe. Smart contract funds depositing has always carried the risk, bugs, and may hackers create problems during the transaction if we don't take care of the data security. All in all, do deposit according to your risk-taking and losing capacity.

 

How Many PanCakeSwap tokens are in circulation?

CAKE is currently ranking #39 on the CoinMarketCap with a 96.427billion market cap. Its current circulating supply is almost 170 million, and 24 Hours trading volume is more than 17.618 Billion. Its max supply is not mentioned yet. 

 

How to buy PanCakeSwap(CAKE)?

(Binance Smart Chain)BSC powers PanCakeSwap(CAKE), which swaps BPE-20 tokens very easily and safely with low transaction fees. Uniswap and Sushiswap are the same as PanCakeSwap, but PanCakeSwap is the largest Dapp exchange built on Binance Smart Chain, and $4,720,303,152 liquidity has locked currently. Simply, it is an alternative option to buying tokens and coins from Binance Exchange.

 

Many exchanges are in the market where you can buy CAKE, but here I am describing some of them.

• Binance 
• Gate.io
• KuCoin
• WazirX

Step-1:- Open an account on any well-known exchange and complete your KYC process.

Step-2: Deposit your fund in an Account after verification. 

Step-3: Buy PanCakeSwap