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PancakeSwap Proposes Reduction in CAKE Token Supply

Twitter icon  •  Published il y a 4 mois  •  Hassan Maishera

The Pancakeswap team announced via X on Thursday that it has submitted a new proposal that seeks to reduce the maximum token supply of CAKE.

The Pancakeswap team announced via X on Thursday that it has submitted a new proposal that seeks to reduce the maximum token supply of CAKE. The team has proposed that the CAKE token supply should be reduced from 750 million to 450 million.

According to the team, by reducing the token supply by 300,000,000 $CAKE, it signal PancakeSwap’s successful pivot from a high-inflation emissions model, to a much more efficient flywheel. They encouraged community members to discuss this milestone in the Pancakeswap forum before the final proposal is published. 

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 13% today and is currently trading at $2.529.

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.