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PancakeSwap v2 (BSC)

About PancakeSwap v2 (BSC)

PancakeSwap (V2) Introduction

PancakeSwap (V2) is a popular decentralized exchange (DEX) that allows users to exchange BEP-20 tokens on the BNB chain. It is the largest exchange on the BNB chain ecosystem and one of the world's popular decentralized exchanges (DEX) in terms of market share. The exchange uses an Automated Market Maker (AMM) model that allows users to trade with a liquidity pool. You can become a liquidity provider and receive Liquidity Provider (LP) tokens for a share of the exchange's trading fees. In addition, LP token holders can also participate in liquidity mining to earn the exchange's utility token, CAKE. The tokens can be pledged in the so-called "syrup pool" on a regular or live basis. Live pledges can be cancelled at any time by the user, while regular pledges maximize the payout (pledge period is up to 52 weeks). In addition, PancakeSwap (V2) also offers a lottery game where its users can win CAKE prizes. In the NFT marketplace, users can trade collectibles and also set up a personalized profile through the NFT profile system. There is also a perpetual exchange developed in conjunction with ApolloX, which contains a variety of popular token pairs and offers unlimited futures trading services. Users can leverage more money than their account balance to trade popular token pairs on this exchange.

Who are the founders of PancakeSwap (V2)?

PancakeSwap (V2) was founded by an anonymous person who leads two dozen anonymous "chefs" who work in the "kitchen" of the exchange. The exchange is open source and has been audited by leading security firms such as Certik and Slowmist.

When will PancakeSwap (V2) be available?

PancakeSwap (V2) launches in September 2020.

Where is PancakeSwap (V2) located?

Because it's a decentralized exchange, its operations team all work remotely. But according to Crunchbase, PancakeSwap is based in Fukuoka, Japan.

Countries where PancakeSwap (V2) is restricted

Since it is a decentralized exchange, there are no country restrictions. However, the following countries are geo-blocked: Cuba, Iran, Zimbabwe, Iraq, Crimea, Syria, Sudan, Belarus, and the Democratic Republic of Congo.

List of tokens supported by PancakeSwap (V2)

All BEP-20 tokens can be traded, in addition to many popular futures pairs such as BTC/USDT, ETH/USDT, BNB/USDT, and all other large Layer 1 blockchains.

What are the fees for PancakeSwap (V2)?

At the time of writing, there is a 0.25% transaction fee for token exchanges. Of this, 0.17% goes back into the liquidity pool as a reward, 0.03% is held in reserve, and the remaining 0.05% is used for repurchase and destruction.

Can I use leverage or margin trading on PancakeSwap (V2)?

For the largest pairs, 150x leverage is allowed on their perpetual futures trades, while for smaller pairs, the limit is 50x.