After the Uniswap Listing more than a month ago that have been a blasting success, there comes another great news which the community members are extremely excited of.
PancakeSwap is a new Decentralized Exchange (DEX) which made mark to the whole cryptocurrency world.
This DEX proliferated a User-interface that is appealing to the eyes of the normal people who actually get intimidated seeing candlesticks to all exchangers both centralized and decentralized.
Who wouldn't actually love pancakes served for breakfast with berries and cherries on top of it, right?
On the 21st of April, the purple cherry (The Telos Renowned Logo) the will be served to everyone who wants to take a bite on top of this honey-dripping pancake!
Everyone is invited to partake!
Let's dig deeper to this freshest innovation in the world of crypto exchangers.
The platform was actually created on the Binance Smart Chain (BSC). It uses permission-less liquidity pools that are automated and completely by algorithms. This use of algorithms to run the pools makes PancakeSwap an automated market maker (AMM).
As an AMM, it actually provides users to trade cryptocurrency and tokens against the liquidity pools and will be getting profits such as yields from staking which is now called farming.
If we can go ahead and search to backtrack the tokens that was hyped and experienced a price-pump when they got listed to PancakeSwap,
Let's check SafeMoon
That is just one best example when this token got listed the surge was inevitable.
By looking into the price of the platform token of PancakeSwap (CAKE) itself, it has undergone immense value from cents to $23.56 in just 3 months. These data shown are shared at the time of posting. April 15, 2021.
It even reached its all time high (ATH) at $27.65 last April 12 - just three days ago. Totally amazing platform for our beloved Telos (TLOS) to get listed. Currently being traded in Binance with three Crypto-pairing. CAKE/USDT, CAKE/BNB and CAKE/BUSD.
For more viable info about PancakeSwap (CAKE), please check coingecko's link about this token.
This will let you know more about how to access Binance Smart Chain through Metamask. We need to customize our MetaMask with some instructions provided there. The page will also give us alternatives on how to synchronize our Metamask wallets to PancakeSwap.
Tokens listed according to The most number of Liquidty is shown here:
Top Listed Tokens on PancakeSwap
A total of 10,110 pairs and raised liquidity is $2.6 Billion in just three months. They got their first Billion Dollars just right before Valentines Day of 2021.
As for the Telos Price in Uniswap, we are undergoing this kind of Stage as we all know this happened to most of the tokens in the Top 50.
Patience is a real VIRTUE!
What does this means to the Telos Community to watch out for?
- There would be more DeFi projects as well as High-Yield Farming opportunities
- Listing in PancakeSwap could pump up the price just like what I have seen with other projects.
- More TSwap exchange options
- Lower fees than Uniswap
- Telos visibility to all other crypto-communities searching for Low-Marketcap coins.
And of course, a lot more!
As for me, here is my contribution promoting Telos as a blockchain and Dual Tokens.
Celebrating my birthday just being at home with the Telos Family online is such a great experience! Thankful to the Telos Foundation CEO for choosing me to a part of their team.
What's happening to Telos now?
A Trading competition on Probit using the Native Telos (TLOS)
A chance to win 35,000 Telos TLOS in rewards! Time starts from 14 April 2021, 15:00 KST - 30 April 2021, 23:00 KST
See more information about the competition here: Probit Trading Competition Announcement
We have also extended our welcoming arms to the South-Korean Trading Community by adding Korean WON (KRW) to pair it with Telos (TLOS).
사랑하는 한국 무역 커뮤니티에 행복한 거래
If you like what I have been sharing about Telos you may share some tips in Native Telos (TELOS)
Would highly appreciate the birthday gift!
Here are more fascinating things a person can experience being on Telos either as a trader, a market analyst, a crypto-enthusiast or just a simple Telos dApp user:
Telos - The Fastest Blockchain In The World
Challenging Cardano and Binance Smart Chain
The NEW Telos Website Integration
End-Of-Month (March 2021) Report of all the achievements that the Network achieved
A milestone involving the token of the most powerful blockchain in the world
I am Fycee, an APPICS dApp Senior Ambassador and one of the Telos Community Marketing Team. Not sharing a financial advice but let's always Do Your Own Research (DYOR)
Thank you for reading