ONE Beauty Class-Lesson 5
Lesson 5 Little Pancake with Great Wisdom PancakeSwap
Hi，guys, I am ONE Beauty!
Here we go again for the latest ONE Beauty Class.
Today, I will introduce you to a PancakeSwap product from BSC. Why would I like to introduce PancakeSwap? Because BigONE, the owner of ONE Beauty, has entered the Pancake Syrup pool and started 60-day joint mining with PancakeSwap!
Users can mine CAKE through ONE-BUSD group LP or use CAKE single currency to mine ONE and participate in mining to get a $15,000 blind box airdrop.
So, what is PancakeSwap?
PancakeSwap is a DeFi protocol based on BSC’s decentralized trading platform named after a group of anonymous developers on BSC.
Because its anonymous developers like breakfast foods, especially pancake, they named it PancakeSwap.
It is like SushiSwap of Ethereum but adds many other features that allow users to earn rewards.
Seeing this, everyone should have a basic understanding of what PancakeSwap is, but the understanding of other vocabularies may not be clear. Let’s continue.
What is ONE-BUSD combined LP？
ONE， BigONE Token is a point system issued and managed by the BigONE trading platform based on the blockchain, referred to as ONE.
BUSD， It is a stable currency that is issued based on blockchain technology and is anchored 1:1 with the US dollar. The Binance Exchange issues it, and its full English name is Binance USD.
LP，It is the collective name of all liquidity providers（Liquidity Provider，LP）。
In the cryptocurrency circle, liquidity refers to the cost for investors to quickly execute a certain number of transactions at a reasonable price based on market supply and demand conditions.
In other words, the stronger the liquidity of the digital currency, the smoother the transaction and the more competitive the offer.
Mine CAKE， In the process of depositing ONE-BUSD combined LP tokens into the mine, users can get CAKE rewards.
Mine ONE，Projects on the BSC can apply to cooperate with PancakeSwap and provide a certain amount of tokens for free. Users can pledge CAKE tokens for mining to gain ONE.
PancakeSwap is the largest automated market maker (AMM) project in BSC, providing many innovative features. Judging from the development of PancakeSwap and other projects, I believe that the cooperation between BigONE and PancakeSwap is a technological wave of innovation, and the future is promising.
Today’s ONE Beauty class is here!
The market has been volatile recently, so please pay attention to controlling risks.
I am waiting for you in BigONE!
Class ends！I’ll get something to eat @_@~
BigONE is a global cryptocurrency exchange that provides a platform for trading various cryptocurrencies. It was founded in 2017 and registered in the Netherlands. The group operates in Russia, Brazil, Vietnam, Seychelles, Singapore, Japan, and Indonesia, providing marketing, investment, and blockchain technology research & development.