The price of CAKE
+11.94%
CAKE was trading at $2.52 at 9:20 a.m. ET, up 13.1% in the past 24 hours, according to The Block’s Price Page for CAKE.
Price activity for PancakeSwap’s CAKE token. Image: the block’s pricing page
PancakeSwap announced Thursday a proposal to reduce CAKE’s supply from 750 million to 450 million.
“By reducing our token supply by 300,000,000 CAKE, we signal PancakeSwap’s successful transition from a high-inflation emissions model to a much more efficient flywheel,” PancakeSwap wrote on X.
The proposal
“Over the past year, PancakeSwap has significantly revamped its tokenomics, issuance and growth strategy,” said the proposal for the indicated symbolic reduction. “From advancing CAKE Tokenomics v2.5 to the most recent launch of the veCAKE Gauges System, CAKE is positioned to pursue continued growth across all deployments.”
“With CAKE having achieved consistent deflation for several months and focusing on accelerating our journey towards ultrasound CAKE, this proposal aims to reduce the total supply of the CAKE token to a maximum of 450 million CAKE. With a current circulating supply of 388 million CAKE De Kitchen believes that this new and lower limit will be sufficient to increase market share across all chains and sustain the veCAKE model,” the proposal said.
About the author
MK Manoylov has been a reporter for The Block since 2020, joining just before Bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering all crypto news, but with a bias toward NFT, metaverse, web3 gaming, finance, crime, hack, and crypto ecosystem stories. MK is a graduate of New York University’s Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.
where buy cheap clomid without dr prescription how to get generic clomid without dr prescription cost clomiphene without rx can i get generic clomiphene without a prescription can i buy clomid without prescription clomiphene pills for sale where can i get generic clomid no prescription
I’ll certainly carry back to read more.
azithromycin 250mg cheap – buy generic ofloxacin online brand metronidazole 200mg
buy semaglutide generic – buy periactin 4mg pills cyproheptadine pills
motilium over the counter – domperidone uk order cyclobenzaprine online cheap
augmentin 1000mg cost – atbioinfo how to buy acillin
esomeprazole sale – https://anexamate.com/ buy nexium 40mg
order coumadin 5mg without prescription – https://coumamide.com/ brand losartan 50mg
buy mobic online cheap – moboxsin.com buy generic mobic 15mg
order prednisone 20mg online – asthma prednisone medication
ed pills comparison – fastedtotake.com erection problems
purchase amoxil pill – combamoxi.com cheap amoxil generic
diflucan 100mg brand – click buy cheap fluconazole
order cenforce 50mg generic – cenforcers.com order cenforce 100mg sale
generic cialis available in canada – https://ciltadgn.com/ cialis with out a prescription
purchase zantac for sale – https://aranitidine.com/ brand zantac 300mg
cialis canada – https://strongtadafl.com/# does medicare cover cialis for bph
herbal viagra sale uk – https://strongvpls.com/# order viagra ireland
With thanks. Loads of conception! tamoxifen tablet
I’ll certainly bring to skim more. cheap generic amoxil
This is a theme which is forthcoming to my callousness… Numberless thanks! Unerringly where can I lay one’s hands on the phone details due to the fact that questions? https://ursxdol.com/provigil-gn-pill-cnt/
Thanks on sharing. It’s acme quality. https://prohnrg.com/product/atenolol-50-mg-online/
Thanks for putting this up. It’s evidently done. https://ondactone.com/spironolactone/
I am actually happy to glance at this blog posts which consists of tons of worthwhile facts, thanks for providing such data.
https://doxycyclinege.com/pro/ondansetron/
More posts like this would prosper the blogosphere more useful. http://bbs.yongrenqianyou.com/home.php?mod=space&uid=4272505&do=profile
buy generic forxiga over the counter – https://janozin.com/ forxiga 10 mg for sale