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

CAKE-1.98%

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.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments