Have you ever wanted to have your Cake and eat it too? With PancakeSwap's (CRYPTO: CAKE) native token, Cake, there is an emerging opportunity to invest in a diverse ecosystem and own a governance token with real utility.
PancakeSwap is a decentralized exchange (DEX), allowing investors to swap BEP-20 tokens. BEP-20 tokens are tokens built on top of the Binance Smart Chain that don't have their own blockchain. The platform is built on Binance Smart Chain instead of Ethereum, giving it a number of advantages. Early investors in Cake have been on a wild ride this past year -- the token has appreciated more than 30-fold in price since January.
Given the strong secular growth trend driving the decentralized finance (DeFi) space, and PancakeSwap's impressive user base -- the largest for any decentralized application (dApp), there are a number of reasons cryptocurrency investors are looking at Cake right now.
Source Fool.com