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CAKE/BRL - PancakeSwap Brazil RealInformation about the CAKE to BRL price today (1 PancakeSwap to Brazil Real) is available on this page. Assess the value over time and get today's CAKE to BRL data and analysis right here.
Stay informed with real-time data for CAKE to BRL price exchanges (using the NovaDAX rate), live and breaking crypto news, expert opinions, in-depth analyses, and key economic events surrounding the live CAKE/BRL cross. Engage with our crypto community today to discuss and share sentiments on our CAKE to BRL forum.
Harness these invaluable (free) resources to navigate the dynamic world of PancakeSwap Brazil Real exchange rates. Empower your decisions by selecting your desired time frame on the PancakeSwap Brazil Real UK price graph to view (live) minute-by-minute or monthly data.
Stay informed with real-time data for CAKE to BRL price exchanges (using the NovaDAX rate), live and breaking crypto news, expert opinions, in-depth analyses, and key economic events surrounding the live CAKE/BRL cross. Engage with our crypto community today to discuss and share sentiments on our CAKE to BRL forum.
Harness these invaluable (free) resources to navigate the dynamic world of PancakeSwap Brazil Real exchange rates. Empower your decisions by selecting your desired time frame on the PancakeSwap Brazil Real UK price graph to view (live) minute-by-minute or monthly data.
25.12
-0.40(-1.56%)
Real-time Data
Day's Range
24.49
25.83
52 wk Range
7.36
36.40
Day's Range
24.4925.83
52 wk Range
7.3636.40
- Bid/Ask
- 24.42 / 24.62
- Vol (24H)
- 236.22M
- Market Cap
- 1.18B
- Day's Range
- 24.49-25.83
- 52 wk Range
- 7.36-36.4
- Max Supply
- CAKE450.00M
- Circulating Supply
- CAKE292.96M
- Rank
- 104
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orFAQ
What Is PancakeSwap?
PancakeSwap is a decentralised exchange (DEX) built on the Binance Smart Chain (BSC) that allows users to trade cryptocurrencies directly without relying on a central authority. It operates using an automated market maker (AMM) model, where trades are facilitated through liquidity pools rather than traditional order books. Users contribute to these pools by staking their tokens and, in return, earn rewards.
PancakeSwap also offers features like yield farming, staking, and participation in lotteries and NFT trading. Its native token, CAKE, is used for governance, staking, and earning additional rewards. Known for its lower fees and faster transactions compared to Ethereum-based DEXs, PancakeSwap is a popular choice for users in the Binance Smart Chain ecosystem.
PancakeSwap v2 is the upgraded version of the PancakeSwap. It introduced several improvements over the original version, including optimised trading fees, enhanced liquidity pool mechanics, and the ability for projects to customise liquidity pool fee structures. These changes aimed to make the platform more competitive and efficient for users.
The v2 upgrade also included improved features for staking and farming rewards, offering more opportunities for users to earn with the CAKE token. Additionally, it provided developers with more flexibility for integrating their tokens into the PancakeSwap ecosystem, further boosting its appeal as a decentralised trading hub.
PancakeSwap also offers features like yield farming, staking, and participation in lotteries and NFT trading. Its native token, CAKE, is used for governance, staking, and earning additional rewards. Known for its lower fees and faster transactions compared to Ethereum-based DEXs, PancakeSwap is a popular choice for users in the Binance Smart Chain ecosystem.
PancakeSwap v2 is the upgraded version of the PancakeSwap. It introduced several improvements over the original version, including optimised trading fees, enhanced liquidity pool mechanics, and the ability for projects to customise liquidity pool fee structures. These changes aimed to make the platform more competitive and efficient for users.
The v2 upgrade also included improved features for staking and farming rewards, offering more opportunities for users to earn with the CAKE token. Additionally, it provided developers with more flexibility for integrating their tokens into the PancakeSwap ecosystem, further boosting its appeal as a decentralised trading hub.
How to Use PancakeSwap
To use PancakeSwap, you first need to set up your crypto wallet and configure it to work with the Binance Smart Chain network. Next, fund your wallet with Binance Coin (BNB) or another Binance Smart Chain token, as these will be needed for trading and transaction fees.
Once your wallet is ready, visit the official PancakeSwap website and connect your wallet by selecting "Connect Wallet." To swap tokens, go to the "Swap" tab, choose the tokens you want to trade, input the amount, and confirm the transaction. If you're interested in earning rewards, you can also provide liquidity by depositing tokens into PancakeSwap pools or stake CAKE tokens in farms or pools to earn additional rewards.
Always verify the platform's URL and token addresses to avoid scams when using PancakeSwap.
Once your wallet is ready, visit the official PancakeSwap website and connect your wallet by selecting "Connect Wallet." To swap tokens, go to the "Swap" tab, choose the tokens you want to trade, input the amount, and confirm the transaction. If you're interested in earning rewards, you can also provide liquidity by depositing tokens into PancakeSwap pools or stake CAKE tokens in farms or pools to earn additional rewards.
Always verify the platform's URL and token addresses to avoid scams when using PancakeSwap.
How Does PancakeSwap Work?
PancakeSwap operates as a decentralised exchange (DEX) on the Binance Smart Chain (BSC), allowing users to trade cryptocurrencies without a central authority. Without an order book, a bid/ask system or even a limit/market order, it uses an automated market maker (AMM) model, where trades occur through liquidity pools instead of traditional order books. These pools are funded by users who deposit their tokens, earning rewards in return.
When a user trades on PancakeSwap, their transaction adjusts the ratio of tokens in the liquidity pool, determining the price. PancakeSwap also supports features like yield farming, where users stake tokens in exchange for rewards, and lotteries for additional earning opportunities. Its low fees and fast transactions make it a popular choice in the Binance Smart Chain ecosystem.
When a user trades on PancakeSwap, their transaction adjusts the ratio of tokens in the liquidity pool, determining the price. PancakeSwap also supports features like yield farming, where users stake tokens in exchange for rewards, and lotteries for additional earning opportunities. Its low fees and fast transactions make it a popular choice in the Binance Smart Chain ecosystem.
What Makes PancakeSwap Unique?
Built on the Binance Smart Chain (BSC), PancakeSwap has become a clear favourite among DeFi users due to a few reasons. For one, PancakeSwap offers low transaction fees and quick confirmation for transactions, compared to other AMMs.
Another unique property is that PacakeSwap does not allow front-running, a kind of displacement attack that permits a miner to place a trade that will earn him a profit due to prior knowledge of its existence.
Aside from these, PancakeSwap comes with many secondary features, including NFT collectibles, lottery games, prediction markets, syrup pools, yield farms, and initial farm offerings (IFOs).
Another unique property is that PacakeSwap does not allow front-running, a kind of displacement attack that permits a miner to place a trade that will earn him a profit due to prior knowledge of its existence.
Aside from these, PancakeSwap comes with many secondary features, including NFT collectibles, lottery games, prediction markets, syrup pools, yield farms, and initial farm offerings (IFOs).
How To Buy PancakeSwap
To buy PancakeSwap’s native token, CAKE, you can use a centralised exchange or the PancakeSwap decentralised exchange (DEX). For centralised platforms like Binance or KuCoin, create an account, verify your identity if required, and deposit funds such as fiat currency or cryptocurrency. Search for CAKE in the exchange’s trading section, select the amount you want to buy, and complete the transaction.
If using PancakeSwap DEX, set up a Binance Smart Chain-compatible wallet like MetaMask or Trust Wallet and fund it with BNB to cover fees and swap for CAKE. Connect your wallet to PancakeSwap, navigate to the "Swap" section, select CAKE as the token to buy, and confirm the trade. Always ensure you're using the official PancakeSwap website to avoid scams.
If using PancakeSwap DEX, set up a Binance Smart Chain-compatible wallet like MetaMask or Trust Wallet and fund it with BNB to cover fees and swap for CAKE. Connect your wallet to PancakeSwap, navigate to the "Swap" section, select CAKE as the token to buy, and confirm the trade. Always ensure you're using the official PancakeSwap website to avoid scams.
Who Created PancakeSwap?
PancakeSwap was created by an anonymous team of developers and launched in September 2020. It was built on the Binance Smart Chain (BSC) to provide a fast and low-cost alternative to Ethereum-based decentralised exchanges. The anonymity of the developers follows a trend seen with other decentralised platforms, like Uniswap and SushiSwap, prioritising the focus on the project rather than its creators.
Despite its anonymous origins, PancakeSwap has grown to become a highly trusted platform within the Binance Smart Chain ecosystem, thanks to its innovative features, strong liquidity, and community-driven governance model.
Despite its anonymous origins, PancakeSwap has grown to become a highly trusted platform within the Binance Smart Chain ecosystem, thanks to its innovative features, strong liquidity, and community-driven governance model.
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Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
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Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
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