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PancakeSwap (CAKE) was launched in September 2020, during the DeFi boom. It emerged as an alternative to the Ethereum-based DEXs, aiming to address the high transaction fees and scalability issues that plagued the ETH network. CAKE leverages the Binance Smart Chain, which provides faster and cheaper transactions compared to Ethereum. The identities of the PancakeSwap founders remain anonymous. This anonymity aligns with the principles of decentralization and pseudonymity embraced by the crypto community.

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