With the NewsCrypto Coin (NWC) token now being launched on PancakeSwap, users are able to benefit from its impressive liquidity and range of additional features – providing even more utility to NWC holders.
By Julia SakovichUpdated
3 mins readPhoto: NewsCrypto.io / Twitter
Cryptocurrency trading education, analytics, and social prediction platform NewsCrypto is set to become one of the first cross-chain cryptocurrencies added to PancakeSwap – the leading decentralized exchange on Binance Smart Chain.
As a platform designed to make cryptocurrency trading more approachable and profitable for traders, NewsCrypto offers a huge variety of tools, insights, and features to help both novice and experienced traders identify and capitalize on opportunities in the crypto market while managing their risk. These include a powerful trading simulator, DeFi scanner, community predictions, an entire trading educational course, and several premium features like an arbitrage tracker and technical analysis reports.
Just weeks ago, NewsCrypto announced it would be expanding the Stellar-based NewsCrypto Coin (NWC) token to both the Ethereum and Binance Smart Chain blockchains as ERC-20 and BEP-20 tokens respectively – helping to expose users to the burgeoning DeFi industry available on these two chains.
As a result, NWC is now available on the massively popular PancakeSwap – an incredibly liquid Binance Smart Chain-based DEX with a wide array of secondary DeFi features.
Beyond this, users are able to get their hands on the NewsCrypto token through a variety of other centralized and decentralized exchanges, including KuCoin, HitBTC, and Uniswap. As it stands, PancakeSwap is currently the only exchange to support the BSC version of the NWC token.
In the last six months, PancakeSwap has emerged as a decentralized exchange phenomenon, and has exceeded practically everyone’s expectations with its incredible growth and uptake among the Binance Smart Chain community and promising projects with cross-chain ambitions.
The platform has seen both the number of available trade pairs and trading volume skyrocket since it launched in September last year – climbing from just a handful of trading pairs at launch to over 1,300 today, while trading volume has grown exponentially, increasing by more than 1,000% in the last month alone.
The reasons behind this growth are clear – PancakeSwap’s massive liquidity, extremely low fees, and sheer efficiency have made it an attractive alternative to Uniswap, which has suffered due to the congestion seen on the Ethereum blockchain in recent months.
On top of this, it has evolved into more than a simple decentralized exchange and has become somewhat of a cultural icon of sorts in the cryptosphere, since it also offers an array of interesting and quirky features to keep users busy beyond simple cryptocurrency trading. These include a wide variety of Pancake NFT collectibles, a CAKE lottery feature, and several, built-in yield farms.
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