PancakeSwap (CAKE) has recently been listed in the Crypto.com App, joining the list of over 100 (and counting) supported cryptocurrencies and stablecoins like Bitcoin, Ether, and USD Coin.
Users of Crypto.com now have the option to choose from over 20 fiat currencies to pay for the purchase of CAKE, and spend it at over 60 million merchants all around the world via the Crypto.com Visa Card.
PancakeSwap is a DEX (Decentralized Exchange) operating on the Binance Smart Chain. It utilizes an automated market maker (AMM) model where users trade against a liquidity pool, which is filled with users’ funds. The users will receive liquidity provider tokens for depositing funds into the pool. They can get back their share, plus a portion of the trading fee, by using the liquidity provider tokens.
Additional tokens like CAKE and SYRUP can also be farmed. Users are able to deposit LP tokens and be rewarded with CAKE on the farm. Users can stake CAKE tokens to receive SYRUP, which will also serve as governance tokens and as lottery tickets.
