PancakeSwap Clone Script: Launch Defi Based Exchange Like PancakeSwap
Introduction:
A large number of decentralized protocols have been developed and are still in the process of developing in the DeFi ecosystem. But, it is estimated that PancakeSwap is the one that leads the way of other exchanges. It is another food-themed DeFi protocol- a decentralized exchange protocol launched on Binance Smart Chain. A few similarities can be found out between Ethereum’s SushiSwap and Binance Smart Chain’s PancakeSwap, like community governance, ability to farm liquidity provider tokens. But, there is a bundle of features that can be incorporated into the protocol and let you earn rewards.
Developing a decentralized exchange platform like PancakeSwap on Binance Smart Chain for swapping BEP-20 tokens can be done swiftly. It is developed with the mechanism of Automated Market Maker (AMM) and Decentralized Apps for the fastest transaction speed and lowest transaction fees. The main aim behind developing a cryptocurrency exchange like PancakeSwap is to offer a smooth user experience. Coingecko ranked PancakeSwap as one of the largest decentralized exchanges crediting it with $4.5 billion in daily trade volume in June 2021. And, in July 2021, PancakeSwap’s native token CAKE has spiked 15% since the first week of July 2021.
What is PancakeSwap?
PancakeSwap is a decentralized exchange developed on Binance Smart Chain. It came as an alternative solution to the huge gas fees problem of Ethereum. It helps the users to swap cryptocurrencies just like the other DeFi AMM protocol, Uniswap, which runs on Ethereum. A bundle of DeFi farming opportunities like staking, lending, etc. Currently, it is estimated that around $1 billion has been total value locked (TVL) since its launch.
The interesting part about PancakeSwap is that it offers rewards for those who stake its native currency, CAKE. CAKE is a BEP-20 token. The calculation is that if you stake a CAKE, you get a SYRUP at a ratio of 1:1. And, if you are holding a SYRUP, you can proportionally distribute 25% of the CAKE emission.
PancakeSwap Clone Script — Let’s discuss PancakeSwap Clone
PancakeSwap Clone Script is an alternate code or architecture of the original PancakeSwap exchange developed on the Binance Smart Chain. It is an imitation of the DeFi based exchange PancakeSwap. It also serves the purpose of offering the same solutions and services by rapidly deploying and minimizing the cost of expenditure and time. The script can be easily integrated into the blockchain network of binance Smart Chain effortlessly. With a master and efficient team of smart contract developers, auditing can be done. It will negate any chance of susceptibility, thus, contributing to the smooth functioning of the platform.
Now, develop a 100% smart contract audited PancakeSwap Exchange Clone Script that allows customizations as per business needs and requirements with a leading provider of decentralized and audited scripts.
“DeFi boom is a very near equivalent of an apocalyptic event for the traditional financial institutions.”
What are the features offered by a PancakeSwap Clone?
Staking and Yield Farming :
When cryptocurrencies are held in the liquidity pool, it escalates the yield farming procedure by offering liquidity to traders/users on the DeFi platform by offering them rewards with PancakeSwap’s native CAKE token.
Exchange Process :
As the exchange is developed on the mechanism of Automated Market Maker (AMM), it eradicates the usage of order books from the trading platform. PancakeSwap, like a trading platform, is more than just swapping and trading.
Lottery System :
Any crypto enthusiasts having at least one PancakeSwap’s CAKE token can now easily participate in the lottery exchange of the trading platform.
NFTs :
A platform like PancakeSwap has some NFT integrated features that will assist users in earning NFTs using Binance Smart Chain.
Swapping :
One of the best features of our PancakeSwap Clone platform is that it will allow users to swap the BEP-20 token in exchange for other tokens and also earn and collect other kinds of cryptocurrencies.
Liquidity Pool :
Users can take advantage of this liquidity pool by depositing their tokens in the pool, contributing towards the liquidity of the pool, and earn trading fees from the trading occurring inside the pool.
Voting System :
Voting rights are offered to the token holders of the platform so that they can be a part of the platform for future growth and development.
If a bug/error has been found out by any user, then that user will be bestowed with rewards from the platform.
Profile Updation :
At any time, users can create and update their profiles on the DeFi platform for smooth trading.
The phenomenal development process of a DeFi exchange like PancakeSwap
Deployment of exchange API
Development of smart contracts, then its integration.
Integrating wallet
Noticeable and impressive UI/UX
Immediate approach for liquidity problems.
Integration of provision for the payment transaction
Deployment of affiliate link programs
Add yield farming methods to the exchange platform
Integrate staking integration of APIs.
Why is DeFi exchange like PancakeSwap a must? Here’s the Reason-
It is integrated with appealing menu bars.
Integration is completed stage-wise.
The dashboard is customizable.
The liquidity portals are easy to use.
Lucrative award system
Provision for updating portfolio.
Cutting-edge security features.
Highly compatible with Chrome Plugins.
Guarded and protected payment gateway.
Conclusion:
PancakeSwap is a DeFi decentralized exchange that is considered the biggest AMM project on Binance Smart Chain (BSC). So, developing an exchange like PancakeSwap can be easily done with the help of a leading company in the market that is a provider of DeFi clone script. Simple assistance from this company can help you bring your vision of business in front of the world. Get it done today!
