CAKESWAP is a native utility token of CakeSwap Exchange (DEX). It is used for a variety of purposes within the growing landscape. It recently got listed on CoinGecko and CoinMarketCap.
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The world sees a noticeable shift to digitalization in the finance sector. Many organizations are getting serious about cryptocurrencies. It provokes them to seek a safe and secured crypto forum to invest their assets to make a fortune easily. CakeSwap is a decentralized exchange (DEX) known as an automated market maker (AMM). It essentially means that there are no order books, bid/ask the system or limit/market orders. Instead, users trading on the platform automatically draw liquidity from one or more liquidity pools, rebalancing after the total trade.
In a recent development, due to its proficient services, CakeSwap gets listed on CoinGecko and CoinMarketcap with the initial price of $0.007, reaching $0.032 within 24 hours of listing. With the current price of $0.0182, the CakeSwap token has created a buzz in the industry.
CakeSwap is a decentralized exchange (DEX) or automated market maker (AMN). It means no order book, buy or sell activity, but trader automatically draw liquidity from one or more liquidity pools and rebalances after the trades is complete. The experts of CakeSwap are also working launch of their debit card linking to the holders. Users will benefit from offerings such as Yield Farms, Pools, NFTs, Lottery, and Predictions. The tokenomics of CakeSwap follows as 2 % Rewards where 2 % of every buy/sell is taken and redistributed to all CakeSwap holders.
When it comes to the Liquidity Pool, it is 8%, where every transaction is transformed into liquidity. It’s automatic and helps create price stability. The 3 % will go into the holder’s marketing wallet. The users will be able to trade the portion of the percentage to their marketing wallet to ensure their capability in supporting the marketing expenses.
Users can buy $CakeSwap through the following steps. Firstly, the users can download and set up Trust Wallet (an app for the phone) or Metamask (a crypto wallet in a browser extension) as the first step. After that, they will have to add the Binance Smart Chain to their network list. Secondly, they will require to buy and send to TrustWallet and MetaMask. Users must buy BNB on an exchange (i.e. Binance, Kraken, Coinbase etc.) They will transfer the tokens to their TrustWallet or Meta Mask address. BEP-20 addresses start with a “0x”. As the last step, from the Trust wallet, Metamask, or any BEP20 wallet, send the selected amount of SmartChain BNB to their wallet address.
Intending users or determined crypto enthusiasts must visit the official website: https://cakeswap.exchange for more information. Join Twitter and Telegram to connect.
Contact Info:
Name: Media Relations
Email: Send Email
Organization: CAKESWAP
Website: https://cakeswap.exchange
Release ID: 89058619
COMTEX_399955750/2773/2022-01-02T21:07:58
Read More:CakeSwap Token gets listed on CoinMarketCap and CoinGecko due to its stunning performances
