Pancakeswap is one of Uniswap’s most successful FORK on the BNB chain. This article will analyze Pancakeswap’s business strategy from 2021 to present. From there, the question can be answered whether the current time should invest in the project or not.
One of the earliest AMMs on BSC, Pancakeswap was introduced just a few days after the Binance Smart Chain Mainnet.
The project’s first output is AMM , a FORK of Uniswap V2. However, compared to Uniswap, Pancakeswap’s transaction time and cost are incredibly low because of the BSC platform, which has enabled Pancake to draw in a sizable number of tiny, low-capital investors.
In addition to AMM, the project has created additional products throughout time to expand its platform, including Syrup Pools, IFO, Lottery, Team Battle, etc. All of these are extremely popular and draw in substantial sums of investors.
Pancake swap from 1 AMM FORK to AMM with TVL and Volume for the highest trade today has evolved gradually. What therefore accounts for Pancakeswap’s success? What is the plan for the project?
Below the article, I will analysis Pancakeswap’s business plan.
Outstanding events of Pancakeswap in 2021-2022
Pancakeswap’s strategy focuses mainly on products built on the project. Pancakeswap products include: Farming, IFO, Syrul Pool, Pancake NFT Marketplace, Lottery, Prediction, and Team Battle all focused on increasing the demand for $CAKE and reducing $CAKE on the market.
All activities on Pancakeswap products have created a round for $ cake, with farm and battle, which attracts both important subjects to the project, namely traders and LPers by encouraging $ cake to come to. 2 subjects.
Then other activities such as IFO, Lottery, and Prediction increase the need to buy $CAKE and return to the project. A number of dollars from these activities will be burned to reduce the supply, helping to increase the value of $CAKE.
The price of $CAKE increased sharply 82 times since the beginning of 2021. However, after developing to a certain extent, the cash flow is slowly drawn from the BSC ecosystem as well as Pancake. The decline in May 2021 pulled both TVL and the price of $CAKE decreased.
Summarizing the business strategy from 2021-2022 of Pancakeswap, I draw a few ideas as follows.
After reading the business strategy analysis of Pancakeswap, surely you also have your own conclusion? Is it worth investing in $CAKE at the moment?
If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com.
DISCLAIMER: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.
Ken. N
Coincu Ventures
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