According to Foresight News, multi-chain decentralized exchange PancakeSwap has announced the destruction of 10,166,225 CAKE tokens, valued at approximately $34 million. As per PancakeSwap's documentation, the platform currently releases 40 CAKE tokens per block and destroys about 38.6373 CAKE tokens, with the destruction process taking place once a week.
PancakeSwap Announces Destruction of Over 10 Million CAKE Tokens Worth $34 Million
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