Projects listed: 276 |
BTC Dominance: 0.00% | Volume (24h): $42,813,574,301 | Market Cap: $2,606,859,732,213
PancakeSwap
CAKE
$1.93
Sector
DEX
Exchange Debut
2020-11-18
Market Cap
445,086,040
Maxim Supply
450,000,000
Circulating Supply
230,741,993
Circ. Supply(%)
51.28%
PancakeSwap
CAKE
Price
$1.93
Market Cap
Sector
Exchange Debut
Volume 24h
High 24h
Low 24h
17565592
1.955391970574
1.864284199256
Change 24h
Change 7d
Change 30d
-1.0854
-3.7324
-11.0495
Maxim supply
Circulating supply
Circulating supply(%)
450,000,000
230,741,993
51.28%
The opinion of artificial intelligence (AI), based on the fundamental analysis of the PancakeSwap cryptocurrency:
In our fundamental analysis of the PancakeSwap cryptocurrency, we delve deep into the workings and potential of this rapidly growing decentralized finance application. PancakeSwap, an Automated Market Maker (AMM) and Decentralized Exchange (DEX) based on the Binance Smart Chain, launched in 2020. It offers a robust ecosystem for swapping BEP20 tokens and earning returns on liquidity provision. Garnering a solid overall score of 8.03 out of 10, it signifies its steadfast presence in the competitive DeFi market.
SOCIAL & MASS MEDIA: Score 8.2 out of 10
PancakeSwap is quite a sensation in the digital sphere, reflecting an impressive score of 8.2 in the Social & Mass Media domain. Its ability to attract followers and proactive administrator activities both scored a perfect 10, indicating its widespread appeal and efficient community management. However, it falters slightly in terms of community activity on social media, garnering a mere score of 1 out of 10. Regardless, its extensive media presence and vast chat group communities help to offset this shortfall.
AUDIT & SECURITY: Score 8 out of 10
In our fundamental analysis of the PancakeSwap cryptocurrency, we noticed that it scored 8 out of 10 for Audit & Security, showcasing considerable strength in this domain. Notably, it scored well in audits (8 out of 10) and liquidity on exchanges (8.5 out of 10). However, it could improve on its transparency of information available to the public, scoring a slightly lower 7.5 in this area.
TOKENOMICS: Score 4.85 out of 10
As for the token economy, PancakeSwap could do better. The project received a score of 4.85 out of 10, indicating room for improvement. The primary issues lie in the project’s inflation rate and centralization of the monetary mass, earning scores of 4.5 and 2 respectively.
ECOSYSTEM DEVELOPMENT: Score 8.2 out of 10
When it comes to ecosystem development, PancakeSwap demonstrates considerable progress, reflecting in an 8.2 score. Achieving objectives and planning for new developments both received solid scores of 8, suggesting that the project is on a forward-moving trajectory.
TEAM & DEVELOPERS: Score 8.4 out of 10
The fundamental analysis of the PancakeSwap cryptocurrency also brought to light the strengths of the team behind the project. Scoring 8.4 overall, the experience of the team earned an 8, while the ample number of software developers received a full score of 10.
PRODUCT & UTILITY: Score 9.6 out of 10
When it comes to Product & Utility, PancakeSwap truly shines with a 9.6 score. The project’s utility scored a perfect 10, while the utility of tokens within the ecosystem scored 9, reflecting a well-designed and effective platform.
PARTNERS & INVESTORS: Score 8.75 out of 10
In the Partners & Investors domain, PancakeSwap also exhibits a strong performance with an 8.75 score. The project scored 9 in the number and capacity of investors and 8.5 in the number and quality of partners.
Fundamental analysis of the PancakeSwap cryptocurrency – The final conclusion
Upon final review of the fundamental analysis of the PancakeSwap cryptocurrency, we observe a project that has achieved a lot in a short span. With strong scores in social media presence, security, ecosystem development, team competency, product utility, and partners & investors, PancakeSwap stands as a promising DeFi application. However, the project should address areas of improvement such as community engagement on social media and aspects of its token economy. Given its current performance and potential for improvement, PancakeSwap presents a considerable investment opportunity. Nevertheless, potential investors should tread with caution, considering the inherent risks associated with investing in cryptocurrencies and the dynamic nature of the DeFi space.
What is PancakeSwap?
Understanding PancakeSwap (CAKE)
PancakeSwap is a decentralized finance (DeFi) application that launched in 2020. Built on the Binance Smart Chain, it uses an automated market maker (AMM) model to facilitate token swaps, liquidity provision, and yield farming for BEP20 tokens. Users can earn income by contributing to liquidity pools, receiving Liquidity Provider (LP) tokens, known as FLIP, in return. These tokens can be redeemed for a share of the pool and a portion of the trading fees.
The Role and Benefits of CAKE Token
The native token of PancakeSwap, CAKE, plays a vital role in the platform’s operations. This BEP20 token incentivizes liquidity provision by rewarding users with CAKE for depositing and locking their LP tokens, a process known as farming. Users can un-stake their tokens with no holding time, offering an opportunity for potential returns. However, it’s worth noting that this comes with certain risks.
Additional Features of PancakeSwap
PancakeSwap extends beyond token trading and farming. It also hosts a lottery system, where users can participate using CAKE. Each ticket, comprising a random combination of four numbers, costs 10 CAKE. Winners can earn up to 50% of the total lottery pool. Moreover, users can earn and trade non-fungible tokens on the platform.
The Fundamental Analysis of the PancakeSwap Cryptocurrency
The fundamental analysis of the PancakeSwap cryptocurrency reveals a multi-faceted DeFi platform. Its automated market maker model allows users to trade BEP20 tokens and earn fees, stake LP tokens to earn CAKE, and stake CAKE to earn additional tokens. With added features like a lottery and non-fungible tokens, PancakeSwap demonstrates significant potential in the DeFi landscape. However, users should carefully consider the associated risks before participating.
- Latest analysis update: July 1, 2023
PancakeSwap - CAKE performance
GENERAL CRITERIA:
Score
SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
Go to Methodology
Content description
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
