On Monday, the Pancakeswap team told its community via X that the CAKE Max Supply Reduction Proposal has passed.
On Monday, the Pancakeswap team told its community via X that the CAKE Max Supply Reduction Proposal has passed. Max supply has now been adjusted to 400M CAKE
With CAKE’s max supply reduced to 400M, the team is reinforcing long-term sustainability and a deflation-first future for PancakeSwap.
PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is up 0.5% today and is currently trading at $2.02.
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.
