OKX Banner
BTC $63,508.00 (+1.80%)
ETH $1,855.56 (+0.90%)
BNB $589.00 (+1.40%)
XRP $1.07 (+1.00%)
SOL $73.29 (+1.60%)
TRX $0.33 (+1.00%)
HYPE $54.64 (+4.90%)
DOGE $0.07 (+1.60%)
LEO $9.75 (+0.00%)
RAIN $0.01 (-0.80%)
ZEC $485.94 (+3.20%)
ADA $0.19 (+6.20%)
XMR $365.56 (+0.90%)
LINK $8.13 (-0.60%)
XLM $0.17 (+0.40%)
CC $0.11 (-3.10%)
BCH $213.30 (+1.60%)
GRAM $1.39 (-0.10%)
USDG $1.00 (-0.10%)
LTC $44.16 (-0.20%)

Pancakeswap burns $50 million worth of CAKE tokens

Twitter icon  •  Published 4 years ago on February 1, 2022  •  Hassan Maishera

Decentralized exchange Pancakeswap has continued with its token-burning activity by destroying another 6,817,999 CAKE tokens (worth $50 million.)

Pancakeswap burns $50 million worth of CAKE tokens

Decentralized exchange Pancakeswap has continued with its token-burning activity by destroying another 6,817,999 CAKE tokens (worth $50 million.) The team also bought back 387,000 CAKE ($2.8 million) tokens from the market.

PancakeSwap is a Binance Smart Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is trading at $7.31, up by less than 1% in the last 24 hours.

FBI Counterintelligence Agent Arrested Over Alleged $1M Crypto Theft
Next article FBI Counterintelligence Agent Arrested Over Alleged $1M Crypto Theft
OKX Banner

Author

Read Hassan Maishera's articles →
Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

Editorial Standards Corrections & Retractions Policy About
Follow us on Google News
Cybet Banner
OKX Banner