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Cake community has just approved a proposal to reduce the supply cap from 450 million to 400 million tokens. The voting results show that 100% of the community supports this decision.
The announcement also states that nearly 15% of the current CAKE supply will be burned to optimize the token economics structure. This is a significant step in the project's long-term strategy, reflecting a commitment to reduce inflation and increase value for token holders.
The question is whether this move will stimulate CAKE price growth in the near future?