March 6, 2023
Tron (TRX)
Tron is a proof of stake cryptocurrency that has been built on the Tron blockchain network.
Bright Ideas: PancakeSwap (CAKE)
PancakeSwap is an automated market maker that facilities the exchange of digital assets through a decentralised exchange.
Price:
$4.096
Mkt Cap:
$669,788,276.16
View Coin Page
Project Fundamentals
- PancakeSwap was launched in September 2020 finance by the founder of Binance Chang Peng Zhou.
- The protocols connection to Binance has provided it significant credibility during recent market volatility.
- Pancake Swap runs on the BNB smart chain which they believe to be “a blockchain with much lower transaction costs than Ethereum or Bitcoin.
Partnerships / Implementation
- Pancake swap has partnered with Stargate to provide the PancakeSwap Bridge — a native asset cross-chain bridge.
- The PancakeSwap Bridge enables users or funds who are not on BNB Chain to seamlessly bridge their stablecoins over to BNB Chain.
- The native CAKE token is used to incentivize the liquidity provision to the PancakeSwap platform.
Roadmap and Announcements
- Moving Forward, Pankcake plans to expanding to more blockchains and new swap router to improve capital efficiency and trading experience in Q4 2022.
- Currently Pancake Swap is working on Regular IFOs and cIFOs, Regular new Farms and Syrup Pools, Farm Auctions, and other product upgrades
- In November 2022 the protocol voted to welcome Tron (@trondao) to Syrup Pool and Farm!
- With Trading volumes increasing significantly in early 2023, decentralised exchanges like Pancake Swap may potential benefit.
Technical Analysis
More Bright Ideas
February 27, 2023
Polygon (MATIC)
Polygon was founded as a scaling solution for Ethereum and aims to be Ethereum’s internet of blockchains.
February 24, 2023
Fantom (FTM)
FTM powers the Fantom network, and is used for staking, on-chain governance, and as payment for network fees.
February 22, 2023
Polygon (MATIC)
Polygon was founded as a scaling solution for Ethereum and aims to be Ethereum’s internet of blockchains.
February 21, 2023
Cosmos (ATOM)
Cosmos is an interoperability platform operating as a “decentralised network of independent parallel blockchains"
February 20, 2023
Bitcoin (BTC)
Bitcoin is synonymous with cryptocurrency itself and has always been the largest by market capitalisation.
