PancakeSwap has been proactively involved in efforts to strengthen its standing in the domain of decentralized finance (DeFi). As a result, the quantity of CAKE tokens has been reduced from 750 million to 450 million.
In the meantime, the company has made improvements to its growth pattern as well as its tokenomics and emissions. Following the delivery of CAKE Tokenomics v2.5 and the release of the veCAKE Gauges System, these activities have paved the way for continuous growth throughout all of their departments.
Following constant deflation in the months gone by, their next plan is to lessen CAKE’s full supply to the figure of 450 million, in tandem with their goal of attaining a solid deflationary mechanism.
The adjustments were implemented in order to deliver assurances to the community and accelerate the ultrasound cake. Furthermore, there was the intention of increasing flexibility with regard to expansion.
Before issuing a formal declaration, the organization convened a forum meeting to gauge their sizable community’s collective sentiment. The feedback that was provided was remarkably positive. After receiving such a response, the opportunity was presented to provide a formal recommendation.
The researchers noted that a majority of the votes (97%) supported the notion of reducing the supply of cake. This information ultimately assisted them in reaching a conclusion and taking appropriate action. Properly, the CAKE supply was reduced.
Source: https://www.cryptonewsz.com/pancakeswap-reduces-cake-token-supply-to-450m-from-750m/