What is CAKE
CAKE is the governance token and inflationary token of PancakeSwap.
CAKE token is used for
How could value accrue to CAKE token?
Used for example for lottery on Pancakeswap.
- The exchange aims to in the end burn more tokens than are minted through inflation.
What is PancakeSwap?
PancakeSwap is a decentralized exchange on Binance Smart Chain.
How it works
Users can swap tokens, provide liquidity and bridge tokens from other chains.
PancakeSwap does not have a hard cap and around ~591 000 tokens are issued per day.
The inflation provides incentives like yield farms and a lottery.
The exchange has integrated a lot of features that are provided by third parties to Ethereum DEXes.
- Prediction (derivatives)
Total supply: No hard cap
- 0.05% per trade
- 100% emission to DEV address.
- 100% raised in IFOs
- 100% for Profiles, NFTs
- 20% for lottery tickets
- 42,000 CAKE/day
- 3% Prediction markets rounds
- 2% Auto Yield Pool