Decentralized Exchange like PancakeSwap: Cost Breakdown 2023

Currently, there is a growing interest among entrepreneurs and startup founders who want to venture into the DeFi space. There are several decentralized exchange like PancakeSwap, UniSwap, SushiSwap, QuickSwap, DODO, and 1inch exchanges that are performing exceptionally well in the current market.

As a result, many business-minded individuals are looking to follow this successful path by using ready-to-deploy solutions like the PancakeSwap clone script to create their DEX platform. Let’s take Binance DEX PancakeSwap as an example here.

One burning question on their minds before starting to create their DEX is “How much does it cost to create a Decentralized Exchange like PancakeSwap?” In this cost structure blog, we will see what is the cost of it, and what are the various factors that contribute to the cost of using the PancakeSwap clone script.

What is the Cost of Decentralized Exchange like PancakeSwap?

The cost of creating a Decentralized Exchange like PancakeSwap varies based on several factors like add-on features, integration, and customization of your needs. This also includes tech stack, API integration, complexity level, total development time, and finally, the DeFi Development company you choose will make an impact on your cost.

Ultimately, the primary cost-deciding factor starts from the approach you choose, with two available methods for giving birth to your DEX platform.

• Decentralized Exchange Development
• PancakeSwap Clone Script

Although decentralized exchange development can offer benefits like uniqueness, this PancakeSwap clone provides a higher ROI with a smaller capital, scalable, and instantaneous solution. For startup founders with budget constraints, the latter approach presents itself as a viable option for a DeFi venture.

Let’s look at the costs associated with a PancakeSwap clone and the allocation of your budget to build your decentralized exchange like PancakeSwap in the following discussion.

PancakeSwap Clone Script: Your Budget and Cost Estimation

The cost of the PancakeSwap clone script starts from $5,000 and varies based on several factors like software features incorporated, tech stack used, customization, and the DeFi development company you choose.

To help you understand these factors better, we’ll break down the cost estimation of the PancakeSwap clone script.

Technology Stack Used

The choice of technology stack plays a pivotal role in determining the cost of PancakeSwap clone script development. This tech stack may be flexible and may vary from company to company.

Here are some of the technology stacks they employed to create the solution:

Website:

• Angular for the frontend
• MongoDB or MySQL for the database
• Node.js for server-side scripting
• Bootstrap for responsive design

Mobile App (if required):

• Java or Flutter for Android app
• Flutter, Swift, or Kotlin for iOS app development

The choice of technology stacks, complexity, and the expertise of developers in specific stacks may also significantly impact the overall cost. This part typically accounts for around 15% of the total cost.

Software Features Incorporated

The largest portion of the cost typically goes into developing and incorporating the software features. Developing impeccable features will constitute about 40% of the overall cost. The complexity and uniqueness of your needs will heavily influence this cost.

The PancakeSwap clone script includes features like creating the admin and user dashboards, automated market maker (AMM), swapping mechanism, yield farming, syrup pools, crypto staking, liquidity pools, and ensuring security measures. The more features you incorporate and the more costly your solution becomes.

Add-ons & Customization

It’s possible to incorporate various features into your DEX, such as derivative trading, Multi-lingual support, Transaction history, Light/dark mode, and other alterations to meet specific requirements. These customizations can have an impact on the overall project cost, representing approximately 20% of it.

It’s essential to consider the implications of each customization, as they can increase both the development time and cost. Therefore, it’s crucial to make wise choices that are in line with your budget.

Software Integrations

Integrating third-party services and APIs is a common requirement in DEX development. The common integrations you require for your platform are

• API Integrations — Real-time data and market information
• Blockchain Integration — Binance Smart Chain and alternative BSC like Ethereum, Polygon, or others.
• Wallet Integration — MetaMask, Trust Wallet, Math Wallet, SafePal Wallet, Token Pocket, Wallet Connect

When building a decentralized exchange like PancakeSwap, it’s important to consider the specific services you select for integration, as well as the complexity of those integrations. This will influence the overall cost of the project, with integration accounting for around 15% of the total cost.

Support and Maintenance

Ongoing support and maintenance play a crucial role in ensuring the smooth functioning and security of your PancakeSwap clone. It is essential to address any issues that may arise and apply necessary updates to keep the platform up-to-date. Approximately 5% of the total cost is allocated towards the support and maintenance of your platform, emphasizing its significance.

Miscellaneous Expenses

It’s important to plan ahead and prepare for unexpected expenses when working on projects, whether it’s development from scratch or using a PancakeSwap clone script for building your DEX.

It’s recommended to allocate a small percentage, around 5%, of your budget for contingency planning. This can help ensure that you have enough resources to address any unforeseen circumstances that may arise during the project.

Hope this blog provides a rough cost breakdown in terms of percentages for you to plan to create a decentralized exchange like PancakeSwap.

Final Words

Engaging with a DeFi development company will streamline your platform development process with the help of the PancakeSwap clone. One such company is Zodeak, which offers a PancakeSwap Clone Script solution. They provide:

• Customizable PancakeSwap clone script
• Exclusive token development like CAKE
• API integrations
• Timely delivery and support

Along with this, Zodeak has come up with a variety of packages to help these startup founders. They offer several packages that cater to the different needs and budgets of their clients by offering different packages including Professional, Premium, and Enterprise.

These packages enable you to start small and gradually add the necessary features to generate more profits. Discuss your requirements with them to get an accurate estimate for the PancakeSwap clone script to build your decentralized exchange.