CakeSwap (CAKESWAP) is a decentralized exchange (DEX) that operates as an automated market maker (AMM). As an AMM, CakeSwap eliminates the need for traditional order books and instead relies on liquidity pools to facilitate trading. This means that users can trade directly from the pools, which automatically rebalance after each transaction. The CAKESWAP token serves as the native utility token for the CakeSwap Exchange and is primarily used for yield farming and staking.
With a total supply of 1,000,000,000 tokens, CAKESWAP has a carefully allocated distribution. A significant portion of the tokens is reserved for listing on the CakeSwap DEX, with the remainder designated for marketing, liquidity pools, and the presale. The tokenomics of CAKESWAP include a 2% rewards distribution to all token holders and a 3% marketing wallet to support marketing expenses. Furthermore, 8% of every transaction contributes to the liquidity pool, helping to maintain price stability.
CakeSwap has a roadmap in place to guide its development and growth. The first phase included the launch of the website, pre-sale, advertising campaigns, and listings on Biswap and Pancakeswap, among other milestones. The upcoming phases involve listings on CoinGecko and CoinMarketCap, the launch of the CakeSwap DEX, the development of an NFT marketplace and blockchain gaming, and the establishment of a crypto payment gateway and metaverse. The team behind CakeSwap is committed to delivering on these goals while ensuring transparency and a secure trading environment for users.
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