Hassan Maishera
The Pancakeswap team introduced its proposed tokenomics in a lite paper published on Wednesday. The team proposed a maximum supply cap of 750 Million CAKE tokens. Pancakeswap will also introduce revised tokenomics for locked CAKE, such as bringing boosted initial farm offering (IFO) benefits and farm yields to its users. The team said having a max supply cap, and also incentives for an even smaller effective circulating supply better reflect the value, community, and sustainability of PancakeSwap.
PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is down by more than 39% today and is currently trading at $3.425.
