PancakeSwap is an Automated Market Maker (AMM), and the Exchange is at the heart of PancakeSwap. PancakeSwap is the leading AMM on the Binance Smart Chain. Telegram.

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When users make a token swap (trade) on the exchange they will pay a 0.25% trading fee, which is broken down as follows: -0.17% - Returned to Liquidity Pools in the form of a fee reward for liquidity providers. -0.03% - Sent to the PancakeSwap Treasury. -0.05% - Sent towards CAKE buyback and burn.

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