Dear Bithumb Global Users,
Bithumb Global will list CAKE digital asset service on DeFi board, details are as follows.
Deposits will be available on： Nov 10, 2020 at 15:00(UTC+8) Deposit here >>
Trading will be available on：Nov 10, 2020 at 16:00(UTC+8) Trading here >>
PancakeSwap is a decentralized exchange for swapping BEP20 tokens on Binance Smart Chain. PancakeSwap uses an automated market maker (AMM) model where users trade against a liquidity pool. Such pools are filled with users’ funds. They deposit them into the pool, receiving liquidity provider (or LP) tokens in return. They can use those tokens to reclaim their share, plus a portion of the trading fees.
The LP tokens are called FLIP tokens. PancakeSwap also allows users to farm additional tokens – CAKE and SYRUP. On the farm, users can deposit LP tokens, locking them up in a process that rewards users with CAKE. Users can stake CAKE tokens to receive SYRUP, which will have further functionality as governance tokens (and as tickets in a lotteries).
Total Supply: 61,430,773 CAKE
Circulating Supply: 50,130,334 CAKE
Official Website: https://pancakeswap.finance/
There are significant risks in trading digital asset. Please consider carefully whether digital assets trading are appropriate to your financial situation.
Bithumb Global Team
Nov 10, 2020