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Buy PancakeSwap (CAKE)

$0.00

0.00%

Buying price

AUD

CAKE

We charge 0.6% on all trades

Global Rank

Current global rank based on market cap.

Market Cap

The total value based on current price x supply.

24Volume

The total value traded in the past 24hrs.

All Time High (ATH)

The highest dollar value 1 has sold for.

Trade Activity

The % of buy and sell on Swyftx within past 24hrs.

Global Rank

#0

Market Cap

$0.00

24hr Volume

$0.00

24hr Change

0.00%

What is PancakeSwap?

PancakeSwap is an AMM – automated market maker – and decentralised exchange that allows the swapping or exchanging of two BEP20 tokens on the Binance Smart Chain. Using this AMM, users on PankcakeSwap trade against a liquidity pool of user funds that can be deposited into. In return, users receive liquidity provider tokens which can be used to reclaim shares and get a portion of trading Pancakeswap fees. The PancakeSwap Finance platform now also supports some additional services such as “Syrup Pools” and “Lottery”.

What is Yield Farming & Syrup Pools?

Syrup Pools allows users to distribute their CAKE tokens using the Binance Smart Chain to participate in new token distributions that get supported on the platform referred to as liquidity pool tokens (LP tokens). The Syrup pools are split into two major sections (Community & Core). Core projects are released to the members of PancakeSwap team first with Community Syrup pool options being released to the users participating on the platform. Tokens that are chosen to be listed on the Syrup Pool are decided via the voting governance component of PancakeSwap. Some of the paired tokens are BNB, ALICE, NULS, DODO that can be used to generate the LP Tokens.

Syrup Pools have two components of “earning” to them (a multiplier value and a APY %). When “Harvesting” from these pools you harvest CAKE tokens. To get your tokens on the platform; PancakeSwap allows you to connect your Binance Smart Chain Wallet, Metamask to allow Yield Farming on its platform!

PancakeSwap Lottery?

Another component of PancakeSwap is its Lottery. Users of the platform can enter by using 1 CAKE to enter 1 Entry into the Lottery. Although Crypto Lottery’s within Australia are currently illegal, participating users from other countries are given a random 4 digit combination with each number of that combination being between 1-14.

If you win the lottery you win 50% of the entire lottery pool and you will need to match all 4numbers on your ticket in the same order as that of the chosen numbers.

On top of the simple Lottery system, the lottery is held 4 times a day, every 6 hours! For more information how the Lottery operates and how the numbers are determined be sure to check the PancakeSwap Lottery Docs.

Cake Token Supply

CAKE has no hard cap on its supply however the token does undergo burning, the process of making its tokens unusable. One way that CAKE does this is by burning 10% of its tokens during the lottery that is conducted along with doing regular burns. One of the major tokenomic points of CAKE is to ensure deflation of the token is always higher than its emission. This balance of supply is what helps to incentivise people to buy Pancakeswap CAKE tokens and adding to the liquidity cake pools along with managing the price change of the CAKE token.

How to buy CAKE tokens

You can buy CAKE tokens on the PancakeSwap decentralised exchange by swapping another token such as BNB (Binance Coin). Alternatively, you can easily buy CAKE on the Swyftx cryptocurrency exchange. To create your account, click the ‘Sign Up’ button at the top of this page. You’ll be asked to provide a few personal details such as your name, email address and phone number. Once your account is created, you’ll then need to verify your account by submitting a photo of your identification. We accept forms of government-issued photo identification such as drivers license, passport etc. Verifying your account usually only takes a few minutes and once completed you can deposit funds into your account. Swyftx allows you to deposit AUD via bank transfer, credit/debit card, POLi or PayID. When your funds have successfully landed in your account, you can buy CAKE token and hundreds of other assets listed on the Swyftx trading platform.

Why use Swyftx to buy PancakeSwap (CAKE)?

How to buy
PancakeSwap (CAKE)

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What our customers' have to say

Excellent

2833 Reviews

Louise
The team at Swyftx were marvellous! They have a massive job in helping to safeguard the system from fraud. It was a big process and they didn't leave me until it was finalised and I had all the help I needed. Well done guys - I...
Bernard
The team at Swyftx is very helpful and understanding. I unknowingly made a mistake in my calculations and I was worried about my balances on the exchange. They walked me through the process to carry out the checks painlessly. Than...
Emily
Made a mistake and the Swyftx team was very helpful in sorting it out and giving me the info I needed to feel reassured!
Richard F
I was having trouble getting Verified and the Team helped me Out with it and got it Done ! I am very happy. Excellent Service . Thank you
Chris
An easy to use platform that educates and guides you through the trading process and has constant updates. Best on the market in Aus
Travis Wirth
Very easy to use, low fees and instant transactions. Also has really good security to make sure that you won't get hacked etc.
Martin
Swyftx makes trading crypto easy and straightforward. The transfers from AUD into my account are almost instant and I've found the support staff to be helpful and prompt if needed. All in all this is my go-to crypto exchange.
Murray MacColl
I am very much a beginner in the crypto mining and trading world and as a result created some pretty complex issues for the Swyftx team when trying to shift mined assets into their trading platform. What stood out a mile was the ...
Paul D
Simple, straightforward and easy to use. Highly recommend Swyftx as a crypto exchange platform. Customer service is on point too!
Maher Beydoun
I have been in crypto for years and have accounts with almost every exchange. I have never found an exchange that is always there to answer all your questions and that makes you feel comfortable and secure using the platform like ...

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AUD Deposit and Withdrawals

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