PancakeSwap - 1AMM Decentralized Exchange Startup Ideas On BSC network

Article about PancakeSwap - 1AMM Decentralized Exchange Startup Ideas On BSC network

Published by

SellBit Buy activities: , , Cryptocurrency exchange development company

Aug 23, 2021

By far the most popular decentralized exchange (DEX) on Binance Smart Chain (BSC), PancakeSwap, has become somewhat of a phenomenon in the blockchain space in recent months, thanks to its massive liquidity, wide-ranging feature set, and sizeable user base. 

The platform is designed to allow users to securely trade Binance Coin (BNB) and a massive variety of BEP-20 tokens without relying on centralized services or losing control over their private keys. As a decentralized exchange, all trades on PancakeSwap are automatically executed via smart contracts — completely eliminating counterparty risks. 

How Does PancakeSwap Work?
PancakeSwap is a type of DEX known as an automated market maker (AMM). This essentially means that there are no order books, bid/ask system or limit/market orders. 

Instead, users trading on the platform automatically draw liquidity from one or more liquidity pools, which then rebalance after the trade is complete. Trades conducted on an AMM, like PancakeSwap, subtract liquidity from one side of the pool and add liquidity to the other, thereby changing the weights of the assets in that pool and their relative values. 

What Makes PancakeSwap Unique?
Built on Binance Smart Chain, PancakeSwap leverages a number of its unique properties to provide an excellent trading experience to end-users. For one, it benefits from extremely low transaction fees and rapid confirmation times — ensuring trades are executed quickly. 

How to launch Your own PancakeSwap Like DeFi DEX Platform?
Launching a high profitable PancakeSwap like DeFi project is quite simple if you seek the help of the DeFi developers. DeFi developers are experts in this field for years who has a huge experience in building a successful DeFi projects like PancakeSwap for years.

Unique Features of PancakeSwap

Automated Market Maker
Farming and staking
Instantly swap crypto tokens
Trading fees are lower than other top DEX
100% decentralized
Earn CAKE and other tokens for free with super high interest rates.
NFT Collectibles
Rewards System

It is hard for you to create a Pancake Clone from scratch. It is nothing but a source code that covers complete functionality code for creating Pancakeswap like an DeFi exchange platform. As it requires a technical support for coding and testing the source code without bugs, you must need support from a DeFi Clone development company. Dashboard, admin panel, Crypto tokens, lotteries, IFO, crypto wallets, UI/UX, etc,… will be delivered to you in the PancakeSwap Clone Script. It is the easiest way to create & launch your PancakeSwap like DEX platform. Further, you can consult them if you wish to get any kind of DeFi clone script development services.

Explore the link & start!

Articles authored by SellBit Buy

Published: Sep 2, 2021