• PancakeSwap prepares to launch new NFT marketplace

  • PancakeSwap, a decentralized exchange based on Binance, is jumping into the NFT space by launching its own custom marketplace. To mark the occasion, it has also released a rabbit-themed digital asset series.

    Later this month, PancakeSwap will launch its native NFT trading platform, promising to be the premier provider of Binance-based non-fungible assets. The team is poised to usher in a new era of dessert-themed trading.

    The new platform is centered on the native $CAKE token, which is required to mint NFT. In addition, PancakeSwap will use all fees charged within the marketplace to repurchase and burn $CAKE to provide further liquidity. However, purchases on the platform will be made using $BNB and $WBNB.

    To mark the launch of the new marketplace, PancakeSwap will be launching its own line of “Pancakesquad” NFTs. Thus, a whole bunch of cake-themed bunnies are about to descend on the Binance smart chain.

    To describe PancakeSwap’s rise as meteoric would be an understatement. Unassuming from the start, the platform is now about to celebrate its first birthday and has become the de facto decentralized exchange on the Binance smartchain. With the suite of DeFi tools at their disposal, they appear to be unstoppable.

    The new marketplace will launch on September 22 and will be unified by the debut of the Pancake Squad.

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