Forking Pancakeswap v2 on Binance Smart Chain | Complete guide to Fork Pancakeswap

What is Pancakeswap? 

PancakeSwap is a decentralized exchange (DEX) built on the Binance Smart Chain (BSC), which enables users to swap cryptocurrencies in a decentralized and trustless manner. It was launched in September 2020, and since then, it has become one of the most popular DEXs in the decentralized finance (DeFi) ecosystem.

The platform's name, "PancakeSwap," comes from the term "flipping pancakes," which is a metaphor for swapping tokens. PancakeSwap uses an automated market maker (AMM) model, which means that users trade against a liquidity pool rather than an order book. Liquidity providers earn fees by contributing to these pools and receiving a portion of the trading fees.

PancakeSwap's user interface is user-friendly and simple to use, making it easy for anyone to swap tokens. Users can connect their BSC wallets to the platform and start swapping right away. PancakeSwap also offers yield farming, where users can earn rewards by staking their tokens in liquidity pools.

The platform's native token is called CAKE, which is used for various purposes on the platform, such as paying transaction fees, staking to earn more CAKE rewards, and participating in platform governance. PancakeSwap has a deflationary tokenomics model, where a portion of the trading fees is used to buy back and burn CAKE tokens, reducing the total supply and increasing the value of the remaining tokens.

PancakeSwap has become a popular alternative to centralized exchanges due to its low fees, fast transaction speeds, and decentralized nature. It has also become a hub for new DeFi projects to launch their tokens and gain exposure to a large user base. Overall, PancakeSwap has emerged as a significant player in the DeFi space, offering users a seamless and rewarding trading experience.

What is Forking Pancakeswap?

Forking PancakeSwap refers to creating a new decentralized exchange by cloning the existing PancakeSwap codebase and making some modifications to create a new platform. There are several reasons why someone might consider forking PancakeSwap:

Customization: By forking PancakeSwap, developers can customize the platform to suit their specific needs. They can add new features, change the interface, or modify the tokenomics to create a unique platform that caters to their user base.

Speed: Forking PancakeSwap can save developers a lot of time and effort since they don't have to build a DEX from scratch. They can use the existing codebase and make modifications to create a new platform much faster than building a new DEX from scratch.

Lower Costs: Building a DEX from scratch can be expensive since it requires a lot of resources, including time, money, and expertise. Forking PancakeSwap can significantly reduce these costs since developers can use the existing codebase and modify it to create a new platform at a lower cost.

Community: By forking PancakeSwap, developers can tap into the existing PancakeSwap community, which includes liquidity providers, users, and developers. This can help the new platform gain traction faster and increase its user base.

Innovation: Forking PancakeSwap can lead to innovation in the DeFi space since developers can experiment with new features and tokenomics. This can lead to the creation of new platforms that offer unique features and benefits to users.

In conclusion, forking PancakeSwap can be an attractive option for developers looking to create a new decentralized exchange. By using the existing codebase and making modifications, developers can create a unique platform that caters to their specific needs while benefiting from the existing PancakeSwap community and saving time and money.

Why Forking Pancakeswap?

Forking PancakeSwap can be an attractive option for developers looking to create a new decentralized exchange (DEX) with some unique features or to address specific issues. Here are some reasons why one may consider forking PancakeSwap:

Customization: By forking PancakeSwap, developers can customize the platform to suit their specific needs. They can add new features, change the interface, or modify the tokenomics to create a unique platform that caters to their user base.

Speed: Building a DEX from scratch can take a lot of time and effort, especially if the team is small or lacks expertise in certain areas. Forking PancakeSwap can save developers a lot of time and effort since they don't have to build a DEX from scratch. They can use the existing codebase and make modifications to create a new platform much faster.

Lower Costs: Building a DEX from scratch can be expensive since it requires a lot of resources, including time, money, and expertise. Forking PancakeSwap can significantly reduce these costs since developers can use the existing codebase and modify it to create a new platform at a lower cost.

Innovation: Forking PancakeSwap can lead to innovation in the DeFi space since developers can experiment with new features and tokenomics. This can lead to the creation of new platforms that offer unique features and benefits to users.

Community: By forking PancakeSwap, developers can tap into the existing PancakeSwap community, which includes liquidity providers, users, and developers. This can help the new platform gain traction faster and increase its user base.

Security: PancakeSwap is a well-established and audited platform. Forking PancakeSwap can give developers access to the same security features that PancakeSwap offers, thus ensuring that their platform is secure and trustworthy.

In conclusion, forking PancakeSwap can be a great way for developers to create a new DEX that offers unique features and benefits to users. By using the existing codebase and making modifications, developers can create a new platform that is secure, innovative, and cost-effective while benefiting from the existing PancakeSwap community.

What is meant by Forking Pancakeswap v2?

If you are a person kind of interested in cloning Pancakeswap? Well, this process is likely to be called Forking Pancakeswap. The features and functionalities of Pancakeswap is extracted and used to build a new DeFi ecosystem. V2 is the current version name of Pancakeswap. That's why it's called Forking Pancakeswap v2.

People who get inspired by Pancakeswap tends to start their own defi platform. To do this, they have to fork existing smart contracts of Pancakeswap and add customization in front-end features. There are still a lot more things to be focused on while forking Pancakeswap. Continue reading this to know.

Fork Pancakeswap guide

This guide is written for the in-depth understanding of forking Pancakeswap. You can learn about what needs to be done for forking, the benefits of forking Pancakeswap from the user point of view and the front-end adjustments part. 

Moreover you could learn more about Blockchain Forking here. 

Benefits of Forking Pancakeswap

As the Pancakeswap is best in terms of all the aspects, there are specific benefits that exist while forking this most famous defi platform.

• Low gas fees - Pancakeswap is deployed on Binance smart chain, users could experience low gas fees when comparing with Ethereum. BSC is discovered to outline the complexities of Ethereum in fact.
   
• Wallet compatibility - Pancakeswap is supported with multiple payment wallets like Metamask, Binance wallet, Coinbase, Walletconnect, Trustwallet, Operamini, Bravewallet, Mathwallet, Tokenpocket, Safepal, Coin98 and Blocto.
   
• Cross-chain bridge - Binance smart chain offers a cross-chain bridging possibilities for users to seamlessly swap the blockchain networks they prefer. 
   
• Application integration - The integration process is so much easier when anyone develops their dApps using the BSC network. 
   

How to Fork Pancakeswap frontend?

Entrepreneurs would not want to exactly clone the Pancakeswap front-end. They could add stylings, javascripts, make new integrations, add new payments support and provide customer support systems. 

1. In order to fork pancake swap front-end, you have to copy the contract of pancakeswap, change hash codes, replace them, add basic trading modules and deploy the contract on Binance smart chain. 
2. For future upgrades, you can rename the contract version type and add more defi modules like farms, pools, IFO, lottery, and profiles as per your vision. 
3. Copy the Pancakeswap frontend template or build the source code and deploy on your server. You can use the pancakeswap clone script to skip the development time.

Fork Pancakeswap on Binance smart chain

Pancakeswap is developed on Binance smart chain. So, anybody who undergoes forking Pancakeswap will need to do it on Binance smart chain. You could not interchange with Ethereum since Pancakeswap is derived from Uniswap(Built on Ethereum). Meanwhile, if you want to build defi on the Ethereum network, you should fork uniswap. 

Binance smart chain was framed by Binance to eliminate the barriers in the Ethereum blockchain network. Infact, Binance smart chain is too good in providing frictionless ecosystems for crypto communities. That’s why, most of the web3 startups and defi projects are built on BSC network. 

Need help in Forking Pancakeswap?

It’s not a problem to fork Pancakeswap if you are a serious dApp developer and have a team around you. But if you don’t know how to handle smart contracts or coding dApps, you atleast need a resourceful team. 

This is the reason we got you covered. We at Hivelance, have in-around experience in forking Pancakeswap, making dApps, or starting defi projects from scratch.

Understanding the Pancakeswap smart contract, copying the contract features, making front-end adjustments, adding trading modules, third-party wallet integration and deploying them on Binance smart chain network can all be done by our expert developer crew. 

Forking PancakeSwap? Here's How Hivelance Can Help You Customize and Launch Your Own DEX!

Hivelance is a leading DEX development company that provides a range of DEX services to help developers and entrepreneurs launch their own blockchain-based projects. One of the ways Hivelance can help in forking PancakeSwap is by providing technical support and development services to customize the platform and create a new DEX.

Here are some ways Hivelance can assist in forking PancakeSwap:

Custom Development: Hivelance's team of developers can help to customize PancakeSwap's codebase to suit the specific needs of the new platform. They can add new features, modify existing ones, and make other customizations that will make the new platform stand out.

Smart Contract Auditing: Hivelance offers smart contract auditing services to ensure that the new platform's smart contracts are secure and reliable. This is an essential step in creating a decentralized exchange that can be trusted by users.

UI/UX Design: Hivelance can help design the new platform's user interface (UI) and user experience (UX) to create a user-friendly and visually appealing interface that attracts users and keeps them engaged.

Testing and Deployment: Hivelance can assist in testing the new platform and ensuring that it is ready for deployment. This includes conducting both manual and automated tests to ensure that the platform is secure, reliable, and user-friendly.

Ongoing Support: Hivelance can provide ongoing support to the new platform, including maintenance, bug fixes, and upgrades. This ensures that the platform remains up-to-date and responsive to the changing needs of users.

In conclusion, Hivelance can be a valuable partner for developers looking to fork PancakeSwap and create a new decentralized exchange. Their technical expertise and experience can help ensure that the new platform is secure, reliable, and user-friendly, and their ongoing support can help ensure its long-term success.

Contact us to discuss about your project