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CAKE Community Approves Tokenomics Version 2.5 to Combat Inflation


by CoinEdition

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CAKE Community Approves Tokenomics
  • PancakeSwap has passed a proposal for its CAKE tokenomics version 2.5.
  • The proposal is to combat inflation and stabilize token value.
  • CAKE Syrup Pool emissions will be reduced from 6.65 CAKE per block to 3.

PancakeSwap, the leading decentralized exchange (DEX) on the Binance Smart Chain (BSC), has recently passed a proposal for its CAKE tokenomics version 2.5. The proposal aims to address the issue of inflation and to ensure the stability of the token’s value while continuing to incentivize users.

Under the new proposal, the CAKE Syrup Pool emissions will be immediately reduced from 6.65 CAKE per block to 3 CAKE per block. Moreover, after six months, the emission will be further reduced to 0.35 CAKE per block (approximately 2% APR).

The community proposed and voted on the decision, and it passed with an overwhelming majority of 88.8% votes. The move’s ration…

The post CAKE Community Approves Tokenomics Version 2.5 to Combat Inflation appeared first on Coin Edition.

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CAKE Community Approves Tokenomics Version 2.5 to Combat Inflation


by CoinEdition

Share:

CAKE Community Approves Tokenomics
  • PancakeSwap has passed a proposal for its CAKE tokenomics version 2.5.
  • The proposal is to combat inflation and stabilize token value.
  • CAKE Syrup Pool emissions will be reduced from 6.65 CAKE per block to 3.

PancakeSwap, the leading decentralized exchange (DEX) on the Binance Smart Chain (BSC), has recently passed a proposal for its CAKE tokenomics version 2.5. The proposal aims to address the issue of inflation and to ensure the stability of the token’s value while continuing to incentivize users.

Under the new proposal, the CAKE Syrup Pool emissions will be immediately reduced from 6.65 CAKE per block to 3 CAKE per block. Moreover, after six months, the emission will be further reduced to 0.35 CAKE per block (approximately 2% APR).

The community proposed and voted on the decision, and it passed with an overwhelming majority of 88.8% votes. The move’s ration…

The post CAKE Community Approves Tokenomics Version 2.5 to Combat Inflation appeared first on Coin Edition.

Read the article at CoinEdition

In This News

Coins

$ 2.16

-4.16%

Share:

In This News

Coins

$ 2.16

-4.16%

Share:

Read More

BREAKING: Binance Lists the Altcoin Mentioned by Donald Trump’s Son for Futures Trading

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Binance, the world's largest cryptocurrency exchange, will list the RAVE altcoin in f...
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