CATE coin

The PancakeSwap token CAKE is a BEP20 token that originally launched on Binance Smart Chain . The main function of CAKE is to incentivize the liquidity provision to the PancakeSwap platform. Users can stake their tokens to earn rewards, which is done by depositing Liquidity Provider tokens and locking them up.

FAQs. Is PancakeSwap a good investment? It could be . While its native coin is now worth considerably more than its launch price, we need to remember that it is also currently worth much less than it was in the spring of 2021.

You can cash out your CAKE with the same exchange you bought it through:

Go to CoinMarketCap and search for PancakeSwap. Tap on the button labeled “Market” near the price chart. In this view, you will see a complete list of places you can purchase PancakeSwap as well as the currencies you can use to obtain it.