Cryptocurrency news

CryptoQuant: the volume of stablecoins on the wallets of cryptocurrency exchanges reached $4.7 billion has announced that it is opening trading for the following altcoin pairs.

As of February 19, 2021, the following pairs will be available for trading.

What is PancakeSwap?
PancakeSwap has experienced notable growth in DeFi protocols in terms of volume and liquidity, as have Uniswap and SushiSwap. These liquidity protocols have a certain ratio of funds, which makes everyone a market maker. PancakeSwap, an analogue of SushiSwap and Uniswap, is a decentralized exchange (DEX) operating on the Smart Chain (BSC) network.

CAKE Token

CAKE, the local token of the PancakeSwap project. This is a service token used for services such as staking, mining, and management.

What is BakerySwap?
This is another popular token in the smart network. Like PancakeSwap, the project is a decentralized exchange, but it also offers the ability to trade non-exchangeable tokens (NFT). Compared to UniSwap, BakerySwap represents a further development that offers cheaper and more efficient services of higher quality.

BAKE Token

At the center of the platform is the BAKE token, which can be used for management voting, as well as for receiving dividends from the transaction fee. This means that token holders can place bets on their BAKE and receive a portion of the turnover from BakerySwap.