Many people wonder why Pancakeswap ($CAKE ) often burns a huge amount of Tokens like this.
But the price still does not show a clear growth, let's take a closer look at this case.
Specifically, in their White Paper, you will know that this is completely a mechanism to reduce circulating inflation. Not a reduction in total supply.
This means that inflation will still occur, but it is minimized to the lowest possible level.
Therefore, the circulating supply will still increase day by day but will increase very slowly until it reaches the Maximum Supply.
Looking back, this is still one of the projects that can be held to wait for the upcoming Uptrend. Out there, many projects do not have such deflationary mechanisms but are still strongly FOMOed by people.