A year has passed, and these charges still stand

cake kitchen's five sins:

1. Syrup pool: At first, they used high inflation rates to lure retail investors into locking their assets. Cake's total supply has increased from around 100 million to about 400 million now, with all the chips in the hands of retail investors, leading to long-term selling pressure, which is the root of its inability to rise.

2. Centralized token: Cake is a centralized application, lacking any concept of web3. From token minting to buyback and burning, including the recent dividends, everything is manually controlled by the project team. Who guarantees that the millions of tokens minted weekly won’t be dumped by the project team first?

3. Insider trading: The kitchen's layout is very narrow; there is always insider trading before good news is released.

4. Bloodsucking LP fees: The kitchen gives free mint rewards of cake to LP providers, but about 30% of the LP transaction fees go back to the kitchen. LP providers can only take 70% of the fees and a small amount of cake. This also forms a link with the syrup pool, where retail investors staking in the syrup pool incur losses, and LP providers also face losses. Only the kitchen is the eternal bloodsucker; they don’t care about the price of cake because it has nothing to do with them.

5. Development capability: The kitchen can be said to have no development capability, merely occupying positions without contributions. In the innovative-driven web3 world, the cake project has been around for over three years without any innovative products, only copying other projects. #cake

Once a believer, now a long-term victim realizing the truth, my cake is still locked in the syrup pool, but the kitchen's manipulation treats retail investors as foolish blood bags #cake.