WISEBITCOIN will list CAKE/USDT aggregate trading pairs on September 6th 9:00 UTC.
CAKE/USDT is an aggregated trading pair, the deposits & withdrawals will not be supported.
Should there be further progress on supporting the CAKE wallet, WISEBITCOIN will notify its community via an announcement.
Trade Open: 9:00 UTC
About CAKE (PancakeSwap)
PancakeSwap is a decentralized exchange for swapping BEP-20 tokens.
Familiar with Uniswap or SushiSwap, PancakeSwap uses an automated market maker (AMM) model.
That means that while you can trade digital assets on the platform, there isn’t an order book where you’re matched with someone else. Instead, you trade against a liquidity pool.
Those pools are filled with other users’ funds. They deposit them into the pool, receiving liquidity provider (or LP) tokens in return.
They can use those tokens to reclaim their share, plus a portion of the trading fees.
What is Aggregate Trading Pair?
When a user buys and/or sells currencies on Wisebitcoin, our Aggregate trading system will automatically place the same buy and/or sell order on other exchanges. Therefore, our user is assured that the assets purchased through this process are all real assets in full reserves. Aggregate trading is commonly used in the trading industry. The purpose of Wisebitcoin aggregate trading is mainly to provide our users with access to new and popular assets.
WISEBITCOIN aggregate trading system uses a local and an external order matching mechanism with transaction speed and user experience that are similar to that of placing an order on other trading pairs on Wisebitcoin. WISEBITCOIN will evaluate the holding amount of these aggregate trading tokens later and consider to dock with the project wallets for these projects with a large holding amount, to meet the deposit and withdrawal requirements of users.
Digital Asset Trading can be a challenging and potentially profitable opportunity for investors. Users are strongly encouraged to carefully consider their investment objectives, level of experience, and risk appetite.
6 SEP 2021