PancakeSwap
Last updated
Last updated
PancakeSwap is a decentralized exchange (DEX) built on the Binance Smart Chain (BSC) blockchain. It allows users to buy and sell a variety of cryptocurrencies, including the Binance Coin (BNB) and other BSC-based tokens.
PancakeSwap is known for its low transaction fees and fast transaction times, which make it a popular choice among cryptocurrency traders. It also offers a unique feature called "farming" that allows users to earn rewards by providing liquidity to the exchange.
One of the key advantages of PancakeSwap is that it is built on the Binance Smart Chain, which is a fast and scalable blockchain network. This means that users can enjoy quick and inexpensive transactions, without having to deal with the high fees and slow transaction times that are often associated with other decentralized exchanges.
In terms of safety, PancakeSwap is a decentralized exchange, which means that it does not hold users' funds in a central location. This can help to reduce the risk of funds being lost or stolen, but it is still important for users to take steps to protect their own accounts, such as enabling two-factor authentication and using strong, unique passwords.
Overall, PancakeSwap is a popular decentralized exchange that offers fast and inexpensive transactions, as well as unique features like "farming" that can help users earn rewards. It is an important part of the growing DeFi ecosystem, and is helping to shape the future of cryptocurrency trading.
How to buy Catcoin on Pancake Swap using only 0.5%-1% slippage First, head over to https://pancakeswap.finance/swap?outputCurrency=0x2f0c6e147974BfbF7Da557b88643D74C324053A2 and make your way to the swap screen Some would think that this method avoids the fees, however this is not the case. What this method does is redirects the fee to the transaction fee for the swap (aka BNB), instead of from the tokens you’re receiving.
Tap the “swap to” token and in the menu that pops up type Catcoin. You will be given a list of coins to import, but make sure that you’ve selected the correct $CATS token. You’ll be prompted to confirm that you’d like to import Catcoin. Check the box and tap import. (edited)
Now the fun part, swapping your BNB for $CATS. One you have set up your trading scenario, it’s time to make the trade. Tap on the MAX button like shown below, (or whatever amount of BNB you feel comfortable with) and observe the number of $CATS tokens that you will be receiving.
Notice that the number given is a whole number with no decimal (aka “.”). Add .0 to the number of $CATS in the second box and use .5% - 1% for your slippage. Once that’s done, tap Swap.
Tap on Confirm Swap, and confirm the transaction in your wallet. After you confirm the transaction, tap Close and wait for the transaction receipt. A Green means your transaction was a success. If you’d like to explore your transaction on BSC scan you can tap on the link provided by the receipt.
Missed it? No worries! Follow the steps below to find the transaction record.
Time to celebrate! You’re an official $CATS holder . If you have not yet added Catcoin to your wallet, you can tap the Trust Wallet logo like shown below and confirm the add.