We are often told that a rising tide lifts all boats, and newly added liquidity has given a lot of coins the chance to make up their losses without completely dying. Many tokens can claim to have added a billion-dollar market cap in just a few weeks – there is Verge, NEO, Stratis… but you probably were not aware of one strange token that shot up quicker than any other: PANCAKE.
What Is PancakeSwap?
PancakeSwap is a new project that hopes to make blockchain games a reality. The idea behind PancakeSwap is to create a platform that could be the future of gaming in the blockchain world. Their goal is to increase the user base and grow the content on the platform. This could be done by leveraging the power of both the web and mobile world. With the transparency of Blockchain, everything done with the funds should be visible for everyone to see. This provides trust and also helps them acquire more users.
How Does PancakeSwap Work?
PancakeSwap allows you to buy and sell bitcoin through the use of gifting. For example, if you want someone else to receive an amount of bitcoin as a gift, open their wallet app on their smartphone or laptop and send them the amount of bitcoin you want them to receive. The recipient can then easily receive that bitcoin by sending the same amount back to your e-wallet address. The system is designed so that no one ever has more bitcoin than they can afford or can spend right away, so even if someone sends you more bitcoin than you can use right away, it will be returned to your wallet in 24 hours. You can also set up in-app notifications so that you will know when others are making swaps—this feature will notify you when someone sends bitcoin or receives it from another user on the application. Though this is not necessarily the most important feature of this app (at least at first glance), it does provide a fun element of social interaction among its users. If nothing else, it serves as a clever way for people who are new to bitcoin technology and cryptocurrency, in general, to get involved.
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