The proposal to reduce the maximum supply of CAKE tokens has been approved with 100% of the votes.
BlockBeats News, January 19, according to official sources, the proposal to reduce the maximum supply of PancakeSwap's native token CAKE has been approved with 100% of the votes.
It is reported that the proposal suggests adjusting the maximum supply of CAKE from 450 millions to 400 millions. After the adjustment, there will still be a buffer of about 50 millions between the current circulating supply (approximately 350 millions) and the new maximum supply (400 millions).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Two More Fed Rate Hikes Likely in Current Cycle -- Market Talk
Fed Policy Monitor: Hiking bias and curve reaction – NBC Economics and Strategy
Crypto prices
More
