These days Decentralized Finance is a golden opportunity for startups to achieve their entrepreneurial aim. On that, PancakeSwap has meteoric growth and become the prominent DEX on the BNB chain. Pancakeswap offers a wide range of features such as yield farming, staking, exchange, and NFT. with these features, Pancakeswap is earning profitable revenue.
These factors attracted many entrepreneurs to build their own DEX like PancakeSwap to become the front-runner in the ironic crypto world.
As a Startup, you can develop your own DeFi exchange in three different methodologies. The methodologies are
- Development from the scratch
- DeFi Exchange Clone Script
Open-source is the source code that you can download from a random website to create your own exchange like PancakeSwap. The development cost is zero and its difficulty is medium. There is no guarantee for security because it has a higher risk of anonymous attacks by cyberpunks.
It doesn’t have any customization or add-on options because it is an open-source code. For acquiring this, you must have minimal knowledge of coding and no need to monitor the process. The success rate of open-source code is below average.
Development from the scratch
Developing from scratch means it takes around 1 year to complete your DeFi exchange project. It is not a simple task to create your own DeFi exchange like PancakeSwap because of its several technical complexities behind it. It requires technical experts, blockchain developers, testing teams, and so on.
It will cost you around $60k- $80K and it may depend on the market situation. You can also customize it as per your business needs but it takes a bit of time to modify single functionality. The success rate will be low because of its development process.
PancakeSwap Clone Script
The PancakeSwap clone script is a customizable DeFi exchange clone script that is built on the BNB chain and works similarly to the PancakeSwap. The Pancakeswap Clone Software helps to build a DeFi exchange platform within a few days.
It will cost you around $8k- $14k and it also varies based on the market. You can also modify the features and functionalities as per your business requirements. The success rate will be high because it’s tested multiple times.
I hope you got a perfect solution to start your DeFi exchange like PancakeSwap. If you are willing to enter the DeFi market by launching a DeFI exchange on the BNB chain, then the PancakeSwap clone script is the smart choice.
So what are you waiting for? Let’s ride in the crypto ocean to make the changes.
Book a free demo >>> PancakeSwap Clone Script