What is DEXs (Decentralized Exchange) ?

Decentralized Exchanges or DEXs are decentralized trading centers that provide trading services without intermediaries, which also provide peer-to-peer cryptocurrency transaction service. Additionally, tokens can be traded or exchanged any time as long as there is demand and supply. Also, the tokens do not need to be on Centralized Exchanges (CEXs).

PancakeSwap is a platform of Decentralized Exchanges (DEXs) that runs liquidity pools by Automated Market Maker (AMM) and are regarded as the most used platform on the Binance Smart Chain (BSC) network where users can swap various cryptocurrencies.

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