Friends, here’s an important concept you need to understand: centralized and decentralized exchanges!
PancakeSwap is one of the major DEXs on BNB Smart Chain, and $CAKE is its platform token.
The biggest difference between the two is who holds the assets: on a CEX, the platform holds them; on a DEX, you control your own private keys.
$BNB is a major token in the Binance ecosystem and the native coin used to pay gas fees on BNB Smart Chain. Currently: 741.05.
Save this and take a closer look later 👇
PancakeSwap is one of the major DEXs on BNB Smart Chain, and $CAKE is its platform token.
The biggest difference between the two is who holds the assets: on a CEX, the platform holds them; on a DEX, you control your own private keys.
$BNB is a major token in the Binance ecosystem and the native coin used to pay gas fees on BNB Smart Chain. Currently: 741.05.
Save this and take a closer look later 👇