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Pancakeswap Submits A Proposal To Increase CAKE Trading Fee Buyback And Burn

Share on X icon · Published 4 years ago on June 14, 2022 · Hassan Maishera

The Pancakeswap team told its community via Twitter on Monday to vote on a new proposal that seeks to increase CAKE trading fee buyback and burn.

Pancakeswap Submits A Proposal To Increase CAKE Trading Fee Buyback And Burn

The Pancakeswap team told its community via Twitter on Monday to vote on a new proposal that seeks to increase CAKE trading fee buyback and burn. The team said its goal has always been CAKE emissions neutral and eventually deflationary. If the community approves the proposal, 25% of the treasury allocation will be used for buyback and burn, Pancakeswap added. 

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 11% today and is currently trading at $3.222.

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Hassan Maishera
Hassan Maishera Senior Reporter

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.

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