The Pancakeswap team announced via Twitter on Tuesday that it will be releasing a new CAKE tokenomics redesign in May. However, the team said it couldn’t provide additional details at the moment but will keep the community updated with important information.
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 $7.594