CakeSwap is a native utility token of the DEX and is used for a variety of purposes. Its main functions are yield farming and staking. CakeSwap is working through three phases. The first phase of the project has come through with the launch of the CakeSwap token, and phase two is still in the works. 2% of every buy/sell is reallocated to CakeSwap holders according to the system. 8% of transactions are converted into liquid assets. This step helps generate a price constancy.
