Pancakeswap Burns Another $66 Million Worth Of CAKE Tokens

Twitter icon  •  Published 1年前  •  Hassan Maishera

The Pancakeswap team announced via Twitter on Monday that it had burned 6.7 million tokens.

The Pancakeswap team announced via Twitter on  Monday that it had burned 6.7 million tokens (approximately $66 million). The team also earned $3.7 million from trading fees over the past week. 

PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is up by less than 1% so far today and is currently trading at $9.95

Author

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.