Token

PancakeSwap

Bitcoin

April

<ul>
 <li>The suggestion to reduce token supply by 300 million will be up for vote for one day.</li>
 <li>The plan is scheduled to go into effect on January 4, 2024, if it is approved.</li>
</ul>
Declining the maximum quantity of its ecosystem token, CAKE, from 750 million to 450 million is the goal of developers of decentralized exchange (DEX) <a href="https://thenewscrypto.com/pancakeswap-cake-price-prediction/" rel="noopener noreferrer nofollow">Pa</a><a href="https://thenewscrypto.com/pancakeswap-cake-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">n</a><a href="https://thenewscrypto.com/pancakeswap-cake-price-prediction/" rel="noopener noreferrer nofollow">cakeSwap</a>.
The suggestion to reduce token supply by 300 million will be up for vote for one day, as stated in a release made on December 28. Also, the plan is scheduled to go into effect on January 4, 2024, if it is approved.
<h3 class="wp-block-heading" id="h-eyeing-further-deflation">Eyeing Further Deflation</h3>
Moreover, the developers of the project pointed out that the revised plan would bring <a href="https://thenewscrypto.com/binaryx-launches-city-building-game-pancake-mayor-on-pancakeswaps-new-marketplace/" target="_blank" rel="noopener noreferrer nofollow">CAKE</a> in line with its present supply of 388 million.
The developers stated:
<blockquote class="wp-block-quote">
 “Now that CAKE has achieved consistent deflation for several months and is focusing on accelerating the journey to ultrasound CAKE, the proposal aims to reduce the CAKE token’s total supply.”
</blockquote>
From its start in September 2020, when CAKE was at its most inflationary, with a net emission rate of 40 per block, the inflation rate has been steadily declining. As part of the benefits for staking, users get CAKE.
The developers further added:
<blockquote class="wp-block-quote">
 “Lowering the total supply is a critical step to achieve ultrasound CAKE and to send a clear signal of PancakeSwap’s pivot away from a hyperinflationary tokenomics model.”
</blockquote>
The proposal to reduce the CAKE Syrup Pool emissions from 6.65 <a href="https://coinmarketcap.com/currencies/pancakeswap/" target="_blank" rel="noopener noreferrer nofollow">CAKE</a> per block to 3.0 CAKE per block, with a 0.5 CAKE reduction per block per month for five months, was adopted by token-holders on April 25. Since a token burn mechanism was implemented, CAKE tokens have essentially become deflationary.
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PancakeSwap Proposes Token Supply Reduction of CAKE to 450M

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