Pancake officially releases a new proposal to adjust the maximum supply of CAKE from 450 million to 400 million.

CAKE-3,73%

BlockBeats News, January 13 — According to official sources, the Pancake official team has released a new proposal suggesting to adjust the maximum supply of CAKE from 450 million to 400 million.

The officials stated that they believe the reduced token quantity is sufficient to support all future development needs of the protocol. Although there is still a buffer of about 50 million tokens between the current circulating supply (approximately 350 million) and the new maximum supply (400 million), it is not expected to use this reserve. In case of special circumstances, the team may activate this buffer mechanism. It is important to note that Pancake’s ecosystem development fund continues to grow steadily, currently accumulating about 3.5 million CAKE tokens. Before considering any new emissions, these reserves will be prioritized for protocol development needs. Therefore, it is almost impossible for the protocol to revert to an inflationary state.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)