EddieJayonCrypto

 28 Dec 23

tl;dr

The native token of DEX PancakeSwap, CAKE, has seen a nearly 7% increase following a proposal to reduce its maximum token supply. Supported by over 90% of the community, the proposal aims to slash the maximum supply by 300 million to 450 million and represents a pivot away from a hyperinflationary t...

The native token of DEX PancakeSwap, CAKE, has seen a nearly 7% increase following a proposal to reduce its maximum token supply. Supported by over 90% of the community, the proposal aims to slash the maximum supply by 300 million to 450 million and represents a pivot away from a hyperinflationary tokenomics model. Despite this jump, CAKE still has a ways to go before reaching its all-time high. Additionally, PancakeSwap has expanded to new networks and recently launched its own crypto gaming marketplace, showcasing its ongoing growth and development.

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