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  BEP 20 Token Standards  BEP 20 was created as a technical specification for BSC, Binance Smart Chain, with the aim of offering flexibility for token developers to launch a different range of tokens. This token can refer to anything from business shares to dollars stored in a bank vault.  Thus, BEP 20 is a token standard on Binance Smart Chain that extends the most famous Ethereum token standard ERC 20. Due to its similarity with both BEP 2 of BSC and ERC 20 of Ethereum, it is compatible with both standards. One can equally create native assets as BEP 20 or can peg tokens from other blockchains and make them available on Binance Smart Chain. Reasons Behind The Trending of BEP20 Tokens BEP 20 Tokens are trending in recent days because of the huge advantage of the Binance Smart Chain. Some of the reasons for BEP 20 tokens popularity are as follows: Advantages of marking BNB for end-users. Advantages of validators returns Advantages of cross-chain similarities over networks...

Here let us look at one of the famous Food-Themed DeFi Protocol “PancakeSwap” and how it rules the DeFi Space. What is PancakeSwap? PancakeSwap is one of the famous DeFi based Protocol which aims to provide Automated Market Making (AMM) by being a #1 liquidity provider. This open-source DeFi based exchange is built on the Binance Smart Chain (BSC) through which the platform users can swap BEP-20 tokens. CAKE is the native token of PancakeSwap and the users can swap, add liquidity, farm, yield, stake, and win CAKE Tokens through lottery. PancakeSwap Exchange Specification Type - DeFi Based Exchange Native Token - CAKE Token Blockchain Network - Binance Smart Chain (BSC) Token supported for Swapping - BEP-20 Exchange Model - Automated Market Maker (AMM) How Does PancakeSwap Work? Automated Market Maker An Automated Market Maker is a decentralized exchange protocol that doesn't need an order book but relies on the mathematical formula to set the price for the assets. The price of the ...