cake: PancakeSwap(CAKE) - June 2024 Price Update - 7.24% Breakout Crypto News and Analysis
Explore the Core.
Pancakeswap innovates quickly and ships new products regularly. In April 2023, PancakeSwap voted to transition to a deflationary token model called "Ultrasound CAKE." The protocol passed a proposal called CAKE Tokenomics v2.5 to create a structure combining real yield (no supply impact) and reduced token emissions. Over 102% of minted CAKE is burned weekly.
Abdullahi Saleh SaiduCute, funny and a little bit crazy!!!
Explore the Core.
Pancakeswap was originally built on the BNB Chain and allows users to trade tokens without using a centralized exchange. It provides an array of products, such as: An exchange to swap tokens, A yield farm to earn rewards, Syrup pools to stake CAKE tokens, Ethereum liquid staking (wBETH) and simple staking, Pancake Protectors game v3 position manager (new feature), A prediction market, Initial Farm Offering (IFO) token launches, A bridge to bridge CAKE to Ethereum and Aptos, A lottery and An NFT marketplace. Pancakeswap innovates quickly and ships new products regularly. In April 2023, PancakeSwap voted to transition to a deflationary token model called "Ultrasound CAKE." The protocol passed a proposal called CAKE Tokenomics v2.5 to create a structure combining real yield (no supply impact) and reduced token emissions. Over 102% of minted CAKE is burned weekly. This is intended to provide a multi-year runway for emissions and incentivize locking up CAKE, making the token more valuable long-term
Ola VictoriaExplore the Core.
Pancakeswap innovates quickly and ships new products regularly. In April 2023, PancakeSwap voted to transition to a deflationary token model called "Ultrasound CAKE." The protocol passed a proposal called CAKE Tokenomics v2.5 to create a structure combining real yield (no supply impact) and reduced token emissions. Over 102% of minted CAKE is burned weekly. This is intended to provide a multi-year runway for emissions and incentivize locking up CAKE, making the token more valuable long-term.
GLORIA OLUWAFERANMITo God be the Glory
Spot the Main Event:
PancakeSwap has been pursuing a multichain strategy, which has seen the decentralized exchange and the CAKE token launch on different layer-one and layer-two blockchains.
This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.