Why do some transactions require identity verification, while others only require connecting a wallet?
Definition: PancakeSwap is one of the commonly used DEXs on BNB Smart Chain, and $CAKE is this DEX’s platform token.
Why: Anyone can create a trading pool on a DEX. New tokens can launch quickly, and counterfeit tokens are more common, so verify a token’s contract address.
$BNB is both a major token in the Binance ecosystem and the native coin used to pay Gas on BNB Smart Chain.
Don’t put all your funds into a single project.
#BNB
Definition: PancakeSwap is one of the commonly used DEXs on BNB Smart Chain, and $CAKE is this DEX’s platform token.
Why: Anyone can create a trading pool on a DEX. New tokens can launch quickly, and counterfeit tokens are more common, so verify a token’s contract address.
$BNB is both a major token in the Binance ecosystem and the native coin used to pay Gas on BNB Smart Chain.
Don’t put all your funds into a single project.
#BNB