Today news
About the same in other media
PancakeSwap Developers Launch Proposal to Reduce CAKE Token Supply by 300 Million Tokens
Reading now: 636
Decentralized exchange (DEX) PancakeSwap has introduced a proposal to significantly decrease the maximum supply of its native ecosystem token, CAKE.
The developers seek to reduce the token supply from 750 million to 450 million, aiming to better align it with the current circulating supply of 388 million.
In an official announcement on December 28, PancakeSwap revealed that the voting proposal for the reduction will last for a 24-hour period.
If approved, the proposal will take effect on January 4, 2024.
The developers emphasized that the reduction aims to complement CAKE’s consistent deflation and accelerate its journey towards ultrasound CAKE.
Read more on cryptonews.comAbout this in other media
Morgan Stanley to pay under $300 million to settle block trading probe - Bloomberg News investing.com /3 months ago
Solana Ecosystem Boasts Over 2,500 Monthly Active Developers, Reports Solana Foundation cryptonews.com /3 months ago
Microsoft announces AI Odyssey initiative to train developers in India: How and who all can enroll livemint.com /3 months ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
