Just read about PancakeSwap's recent move to slash 300 million CAKE tokens from their max supply. The proposal went through with the majority of votes supporting it.
They're basically planning to bring the max supply down from 750 million to 450 million in January 2024.
Right now have some cake myself and it's traded for around $3.6 ~ and I'm curious about how big of an impact this will make on the token's value, what's your guys thoughts on this?
They're basically planning to bring the max supply down from 750 million to 450 million in January 2024.
Right now have some cake myself and it's traded for around $3.6 ~ and I'm curious about how big of an impact this will make on the token's value, what's your guys thoughts on this?