Build Your DeFi Platform Like PancakeSwap

The digital world has been completely revolutionized by the arrival of cryptocurrency. Cryptocurrency is a mode of payment of virtual currencies that are built on a blockchain network. This mode of transaction takes place in a decentralized exchange. This type of exchange initiates the trading of cryptocurrencies like Bitcoin, Ethereum, Dogecoin, Litecoin, etc. Since this type of exchange exists in a decentralized manner, the influence of a third party entity or a central authority is eliminated, giving complete transparency and freedom for the users to transact their cryptocurrencies. The decentralized exchange is very flexible, and it can be built on different blockchain platforms. Many decentralized exchanges are being developed in the crypto market. The majority of the business models have taken the initiative to develop their own decentralized exchanges. All decentralized exchanges are unique based on their blockchain network.

DeFi Platform like Pancakeswap, is the most preferred exchange platform in the current market. Investors are gravitating towards this platform. We at Blockchain App Factory have the required skills to develop the best Pancakeswap like decentralized finance platform.

The common decentralized exchanges are built on the Ethereum blockchain. The high usage rate of these exchanges has resulted in high network congestion and high transaction costs, which are not favourable for the crypto audience. In order to eliminate these issues, blockchain experts have devised a solution. The construction of decentralized exchanges on a different blockchain platform, like the Binance Smart Chain, is the solution. The impressive strategy of building a decentralized exchange on the Binance Smart Chain platform paved the way for the introduction of PancakeSwap, which is said to have eliminated the congestion and transaction cost issues that were associated with the previous decentralized exchanges.

At Blockchain App Factory, we develop your PancakeSwap like decentralized exchange platform from scratch by providing high-quality end-to-end services. Before proceeding with the construction of the DeFi Platform like PancakeSwap, the requirements of the users are identified, and the layout of their design and the development process is identified. Our exchange platform is merged with the AMM model, which allows the user to fund the platform initially and become a liquidity provider, thus enabling the development of the liquidity pool. The staking development process is initiated which generates passive incomes in the accounts of the users on the platform. In the intermediate section, the swapping development operation is executed onto the platform, which allows the users to exchange their crypto tokens at the end. We integrate a special feature to your platform, the ability to trade non-fungible tokens. NFTs are on the rise now. The compatibility to trade non-fungible tokens in the decentralized exchange would be a great revenue generator for the users. Before the deployment of the exchange platform, smart contracts are developed and executed onto the Binance Smart Chain blockchain precisely. We integrate the platform with high-grade security features, to ensure safe and secure transactions. The final step would be deploying the customer’s newly developed PancakeSwap like decentralized finance platform into the crypto market.

The creation of the PancakeSwap DeFi platform has amplified the growth of cryptocurrencies. It has attracted a large audience to the crypto market. When compared to the other crypto exchanges, this decentralized exchange is safer, and the transaction speed is better than the other exchanges. These exceptional functionalities are due to their construction on the binance smart chain platform. In the near future, it is said to overtake all decentralized exchanges. The primary reason for its success is due to the integration of many smart development protocols, like Automated Marketing Maker (AMM), lottery scheme, staking protocol, yielding protocol, etc.