🚀 PANCAKESWAP COMMUNITY ACCEPTS PROPOSAL TO REDUCE TOTAL CAKE SUPPLY by 40%
On December 28 - December 29, PancakeSwap opened a vote for the proposal to reduce the total supply by 40% and was approved by the community with 97.88% of votes in support. Accordingly, the total supply will decrease from the current 750 million CAKE to 450 million CAKE.
It is expected that the latest total supply of CAKE tokens will be officially updated on major price tracking platforms such as CoinGecko or CoinMarketCap on January 4, 2024.
PancakeSwap has significantly innovated from improving the CAKE v2.5 tokenomics model, implementing the veCAKE model, launching the gaming marketplace and deploying additional integrated products on many networks of Base, Linea, Arbitrum One, zkSync Era.
Launched in 2020, PancakeSwap is currently the decentralized trading platform with the second largest volume and market share in the market, only behind Uniswap.
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