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.
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The information on this website should not be interpreted as providing legal or financial advice. Cryptocurrencies are risky. Never invest more than you can afford to lose.There are always risks associated with smart contracts. CakeSwap Token is not a registered broker, analyst or investment advisor. If you are willing to, or have purchased CakeSwap tokens, you agree that you're not purchasing a security or making an investment. CakeSwap cannot be held liable for any losses, fees, or taxes that you may incur. You also agree that the CakeSwap team is presenting the token as it was launched, due to it being renounced it can not be modified. Do your own research and consult with your financial advisor before making any investment choices.
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