What are cakeswap token swaps?

Token swaps on the platform are a simple method to trade BEP20 tokens for any other token through automated liquidity pools. The native token of the PancakeSwap ecosystem is CAKE, and its total supply is 277.39 million. The primary function of the CAKE token is to incentivize the token holders by offering liquidity to the exchange.

How much is cake token price?

As of writing, CAKE is trading at $6.00, a sharp 25% drop from all-time highs set on February 10th, 2021. A total of 112,870,066 CAKE tokens are in supply with a total market capitalization of $680 million, placing the coin as the 75th largest crypto project on CMC listings. Cake Price Prediction – How far can Cake token price rise in 2021?

What is the current supply ofcakeswap (cake)?

The current circulating supply is 141,439,258.829 CAKE. What Is PancakeSwap (CAKE)? PancakeSwap is a decentralized finance (DeFi) blockchain app that enables its users to swap crypto tokens . The PancakeSwap platform allows users to trade without requiring them to go through a centralized exchange.

What is pancake (cake) token?

A dynamic quantity of CAKE tokens is minted at 9.09% to the dev address. Moreover, the users can mint non-fungible tokens (NFTs) by creating their Pancake profile. The token holders get the chance of winning collectible NFTs for contributing to trading competitions and games.