PancakeSwap Proposes Major Cut in CAKE Token Supply
PancakeSwap proposes slashing CAKE's supply from 750 million to 450 million, marking a strategic pivot towards stable tokenomics.
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PancakeSwap proposes slashing CAKE's supply from 750 million to 450 million, marking a strategic pivot towards stable tokenomics.
The application's disclosure, through a notice in The Straits Times on December 7, signals escalating tensions within Cake Group.
His co-founder Julian Hosp, however, is none too keen to allow the liquidation to happen.
Cake Group, led by CEO Julian Hosp, announces a significant retrenchment and restructuring effort to realign with its core business, Bake, impacting 52 team members, while unveiling Cake 2.0 for a strategic shift in focus amidst challenges in the crypto landscape.
Samuel Christian formerly served as CMO of an Animoca-backed financial superapp.
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The coin's 24-hour trade volumes, at press time, noted a sharp rise of over 52% standing at over $55 million.
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A snapshot motion issued by the PancakeSwap team received over 11 million CAKE votes since commencement, with the majority of participants favoring the v2 evolution.