How does Pancakeswap clone software work?
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Pancakeswap clone software is a DeFi platform that works on the BNB chain. That helps allow users to buy, sell, and trade their digital assets. It is also mentioned in other terms, like swapping tokens like BEP 20, ERC 20, and more in a decentralized manner. By providing and staking tokens, you can earn rewards through this platform, which draws more attention from the user and may provide you with high liquidity for your platform. For these reasons, entrepreneurs and startups are building their own Pancakeswap clone software. If you are one of them, you need to understand how it works as a platform owner because it can generate passive income by launching your own DEX platform
The work cycle of Pancake clone software
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User registration: Users need to create an ID/ account on the PancakeSwap clone software platform that is connected to the wallet that supports token staking
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Token swapping: AMM automated market marker allows users to inform about supply and demand on the market. These help swap tokens as per the market
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Liquidity provision: The Pancakeswap clone software offers you rewards by providing liquidity in the form of incentives and transaction fees.
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Yield farming: By staking your token, you can participate in yield Farming to provide liquidity pools and get rewards from the native token
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Token listing: In the token listing, you can choose the token to swap in the Pancakeswap clone software
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Revenue generation: Through the software, you can generate liquidity provision fees, transaction fees and from other sources
These are the work cycles of Pancakeswap clone software; now you understand the platform. It starts with registration for revenue generation; you have to consider this for your platform development.
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