Last Updated on February 14, 2023 by admin
Pancakeswap App Download 2023 Is Pancakeswap Legit? is our today’s topic. PancakeSwap App: Despite a bsc.news post warning traders of a clone app imitating PancakeSwap. The program is still available on Google Play. Many traders are overjoyed with the news. And many have already downloaded the smartphone app.
But, it has been discovered that the program has more purpose. As a result, traders learned that the applications (all three incarnations) are fraudulent. As spectacular as its rise had been, the software has instilled fear in some online DEX (Digital Financial Exchange) groups.
The APK is still available on the internet, optimized. And flashing the Download symbol in front of users. But, the platform on which Pancake Swap App runs, is Binance Smart Chain. Sends a timely warning to notify consumers.
PancakeSwap App: What Is The DEX?
Pancakeswap App is one of the most versatile cryptocurrencies, opening up new opportunities for DEX investments. Its BSC (Binance Smart Chain) is one of its most dependable features. But, Pancakeswap App is more of an Automated Market Maker (AMM) than a swap token, making it a valuable coin.
PancakeSwap, as an AMM, provides extra options for DEX traders. It also functions as a dependable NFT plug, delivering more features. Like as swaps, syrup pools, yield farming, liquidity pools, initial farm offering (IFO), and so on.
Also, Pancake Swap App is the most liquid investment asset on the Binance Smart Chain volume. Furthermore, it provides a variety of earning alternatives. Such as the lottery and coupons (redeemable with the help of LP tokens).
But, such a multi-user product necessitates extreme prudence. Especially when it comes to consumer privacy. As a result, an app is now impractical. As a result, the official bsc. the news site has already stated that the PancakeSwap App, all three of them, are bogus.
Clones Make Their Appearance
Three similar applications inspired by Pancakeswap App features are now trending on Google. And these are all scam primers designed to trick naïve users into disclosing their seed words and other vital information. What is the fallout? Those who cooperate lose their tokens as well as any inferred credits. Which are transferred to another account.
But, following a Reddit user’s report, many DEX groups are condemning the event. The three infections appear on the Google Play Store, imitating all the characteristics of the original authentic product. They are still available (at the time of writing), which is remarkable given that Google may have caved into public pressure to remove the applications.
The Clones Are Labelled As Follows:
- Pancake Swap (2.6 MB with over one thousand downloads),
- Swap Pancakes (from Pancake Finance Ltd, has 1.9 MB and over ten thousand downloads),
- Also, Pancake Swap (2.4 MB, from FibSwapDevelopment).
- As before stated, none of the goods listed above are real.
Binance has been agitated since the three bogus applications. And their related APKs appeared on the scene. It releases an explanation on its website to enlighten people about PancakeSwap’s use arc.
Binance responds to the applications that have appeared on the Google Play Store with the following statement. It is critical to understand that PancakeSwap DEX does not have an iOS or Android app. With this in mind, we tell everyone to refrain from downloading any of this software.
Updates To The PancakeSwap App
The ruse PancakeSwap programs are no longer available on the Google Play Store. Google has taken them down to prevent more fraud from using the site. The action is commendable, though a little late for those who have lost cryptocurrency to crooks.