API ID:
pancakeswap-token
Trade Symbol:
Coin or Token:
Max Supply:
Use Case:
Launch Date:
Coin Overview
CAKE
Token
450 Million
Token trading & rewards
Sept. 2020
PancakeSwap
PancakeSwap (CAKE) is the token for a popular decentralized exchange on Binance Smart Chain. Launched in 2020, CAKE lets users trade tokens, stake for rewards, participate in lotteries, and vote on platform changes.
A Deeper Dive
Technology & Use Case
PancakeSwap runs on a blockchain called Binance Smart Chain, offering fast, affordable token swaps (exchanging one token for another). CAKE can be staked or used to earn rewards. Holders can also vote on platform updates and use CAKE in features like lotteries and NFT trading.
Origins & Team
PancakeSwap, launched in September 2020, was created by an anonymous team of developers using playful pseudonyms like Chef Hops, Chef Smartypants, and Chef Mikkie. It grew quickly thanks to its low-cost DeFi tools and strong community support.
Ecosystem & Token Mechanics
CAKE supports rewards and governance on the platform. PancakeSwap manages supply through a “burn-and-governance” system, regularly burning tokens from trading fees and other features. The goal is about 4% annual deflation, with up to 20% of the supply reduced by 2030.
A Deeper Dive
Popular Exchanges
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