Decentralized platforms provide great benefits to platform users as they can manage their cryptocurrencies without the need for governing authority. The users can have full authority over their assets. PancakeSwap is one such platform and is proven to be the most popular and widely used decentralized exchange platform of all time, with a remarkable trade volume of 100 million in a single day.
What Is A PancakeSwap?
A PancakeSwap is a defi-based decentralized exchange platform powered by the Binance Smart Chain. PancakeSwap uses an automated market maker mechanism to enable token swaps and eliminate the traditional market of buyers and sellers with increased liquidity. PancakeSwap was founded in September 2020 by a group of anonymous developers. The coin was initially developed as a fork of Uniswap on the Binance blockchain but has since surpassed the original.
What Is A PancakeSwap Clone?
A PancakeSwap Clone is a defi-based decentralized exchange platform with similar features and functionalities to the well-known PancakeSwap. With the PancakeSwap clone, entrepreneurs can create a defi exchange platform identical to PancakeSwap. PancakeSwap clone is a ready-made, multi-tested, feature-packed solution. You can extensively customize it to suit your business needs. A PancakeSwap clone development company can provide you with the best development solutions and help you build a robust defi exchange platform.
How does the PancakeSwap clone work?
The white-label PancakeSwap cloning software works the same as the PancakeSwap platform.
- Users must first connect to one of the cryptocurrency wallets, such as Metamask Wallet, Trust Wallet, Binance Chain Wallet, and so on.
- After connecting the wallet to the platform, users will need to unlock the wallet, deposit and swap cryptocurrencies, and pay fees.
- Automated market makers help users add liquidity to their desired pairs. Users can withdraw liquidity anytime, anywhere.
- Each successful swap requires users to pay a liquidity provider fee to the exchange administrator. Similar to PancakeSwap, users can earn LP tokens after adding liquidity. The user has to select any of the BEP20 tokens, and they can be redeemed immediately.
This is how PancakesSwap cloning software works in real-time.
Key Benefits Of Getting Our PancakeSwap Clone:
- Trading and Swapping Of BEP20 Tokens
- Any BSC wallet can be connected
- Earn Crypto Through Staking
- Stake Liquidity Provider Token To Earn PancakeSwap native token
- Users acquire rewards from staking their assets.
- Dynamic Pairing Of Tokens
Become The Next Crypto Giant With DeFi Exchange Development!
Astounding Features Of Our PancakeSwap Clone:
Automated market making
Automated Market Making (AMM) is a great feature that allows a user to trade digital assets on DEX through liquidity pools rather than traditional markets.
Swapping
Swapping is a feature of Pancake Swap Clone software that enables a user to swap BEP 20 tokens to get the utility token CAKE. This allows users to exchange tokens easily without restrictions.
Trading Trends
Our clone includes the latest statistics on the current market prices of BEP 20, BNB, and Binance tokens. The trading trends include daily or weekly performance to help users analyze current market trends.
Trading Activity
Users can view transaction details for their accounts and the current status of ongoing transactions. Admins can track users’ activity and transaction status across the platform and see which resources are locked through the platform.
Yield Farming
Yield farming is a unique feature that helps users farm LP tokens by staking their crypto assets. Users can collect rewards locked in the liquidity pool and earn CAKE tokens as rewards.
Integrated Security Protocol
Our PancakeSwap clone has built-in security protocols that help manage and protect the administration with scalability on demand and enhanced security.
Syrup Pool
Syrup Pool is a staking feature built into the Pancakeswap clone for staking users’ crypto assets. Through the platform’s syrup pool, users can stake their BEP-20 tokens for yields, and the rewards can be either CAKE tokens or other reward tokens.
Lottery
Lottery features allow users to purchase lottery tickets and earn rewards if the number on their lottery ticket matches the winning lottery. There are criteria to participate in the lottery program. Users must own at least 1 ticket with 10 CAKE tokens.
Initial Firm Offering (IFO)
Initial Firm Offering is a feature that allows users to buy new tokens early before launch, where the user changes CAKE-BNB(LP) token for a new project token during IFO.
Range Of Wallets Supported By Our PancakeSwap Clone:
- MetaMask
- TrustWallet
- WalletConnect
- MathWallet
- TokenPocket
Currencies Supported By Our PancakeSwap Clone:
- BUSD
- USDT
- USDC
- TWT
- LINK
- DAI
Security Features:
- Inbuilt security APIs
- Multi-layer security options
- Advanced encryption
- Protection against DDoS
- End-to-end SSL encryption
- Encrypted bridging and more
What Are The Benefits Of Using The PancakeSwap Clone To Develop An Exchange Platform Like PancakeSwap?
Every entrepreneur will have this question in mind. You can generate high income by developing a defi-based decentralized exchange platform. There are many ways to make way for liquidity in your platform. Let me list out a few standard revenue-generating streams.
- Commissions: This is a well-known monetization method followed by all exchange platforms. The fees for every trade made on the platform are charged. Additionally, this fee is considered a service charge. It is for facilitating trade between buyer and seller. The higher the trade volume, the higher the commission fee collected. The commission fee ranges between 0.01-0.03% of the total transaction value.
- Advertisements: Again, it is a common revenue-generating method. Many third parties with cryptocurrencies approach crypto exchange platforms requesting to list their cryptos to advertise it to their platform visitors. Third parties are charged an hourly fee for running their ads.
- Listing Fees: Many crypto startups will list their crypto on multiple platforms to increase their trade of cryptocurrencies. A fee is charged for listing these cryptos on your platform. Another approach is to provide token and coin listing services for startups to raise funds through crowdfunding. IEOs, STOs, and ICOs can generate substantial revenue by collecting a percentage of funds raised as a service fee.
These are some popular and existing revenue methods that you can follow to generate ample profits. You can also add extra revenue modules based on your business plan.
Employ Us And See You Dreams Come Alive!
How do I start a DeFi exchange like PancakeSwap?
If you are still looking for the answer to this question, then congratulations; after all, you are about to receive the answer to this question. TurkeyTown is a pioneer in providing PancakeSwap clone development services. We have the best in-house team with years of experience and provide Agile development services. If you want to build a competitive defi exchange platform with all required and optional features, you may need the help of our qualified and experienced team. TurnkeyTown has talented developers who can help to make your dreams come true.
FAQ – Top 5 Questions
What Is PancakeSwap Clone Script?
If you are still looking for the answer to this question, then congratulations because you are about to receive the answer to this question.
How Do You Build Dex Like PancakeSwap?
There are two methods. There are two options. You can either use a pre-built clone solution or have a custom platform built quickly and reasonably priced.
Where To Get PancakeSwap Clone?
TurnkeyTown offers the best PancakeSwap clone development solution. Get in touch with our expert team, spill your project details and get to see your dreams come to reality.
How Much Does It Cost To Develop PancakeSwap?
Defi platforms like PankcakeSwap don’t have a fixed cost. The cost varies based on the features and your project requirements. TurnkeyTown offers development solutions at a competitive price. Get in touch with us today and get a free quote.
What Features Does PancakeSwap Clone Support?
PancakeSwap clone supports features like Staking, Yield Farming, and Lottery.
