CAKESWAP, a native utility token of CakeSwap Exchange (DEX), it's used for a variety of purposes within the growing landscape. Its main functions are yield farming and staking.
CakeSwap is a type of decentrilized exchange (DEX) known as an automated market maker (AMM). This essentially means that there are no order books, bid/ask system or limit/market orders.
Instead, users trading on the platform automatically draw liquidity from one or more liquidity pools, which then rebalance after the trade is complete.
2% of every buy/sell is taken and redistributed to all CakeSwap holders.
8% of every transaction is transformed into liquidity.It's automatic and helps create a price stability.
3% of every buy/sell go to the marketing wallet to ensure our capability in supporting the marketing expenses.
1. Download & setup Trust Wallet or MetaMask
Download Trust Wallet (an app for your phone) or MetaMask (a crypto wallet in form of a browser extension). After that you will have to add the Binance Smart Chain to your network-list.
TrusWallet (Click here for tutorial)
MetaMask (Click here for tutorial)
2. Buy and send BNB to TrustWallet or MetaMask
Buy BNB on an exchange (i.e. Binance, Kraken, Coinbase etc.). Transfer the tokens to your TrustWallet or MetaMask address. BEP-20 addresses start with a "0x"
3. Go to the pre-sale pool HERE
4. Connect wallet
5. Enter BNB contribution amount
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