{"id":88873,"date":"2023-12-29T17:39:07","date_gmt":"2023-12-29T15:39:07","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=88873"},"modified":"2025-09-13T20:41:48","modified_gmt":"2025-09-13T17:41:48","slug":"pancakeswap-community-backs-300-million-cake-burn","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/pancakeswap-community-backs-300-million-cake-burn\/","title":{"rendered":"PancakeSwap community backs 300 million CAKE burn"},"content":{"rendered":"

Proposal DEX<\/a> PancakeSwap to reduce CAKE’s issuance from 750 million to 450 million, supported by 98%<\/a> of community members.<\/p>\n

\n

\u201cBy reducing the number of our tokens by 300 million, we mark PancakeSwap’s successful transition from a high-inflation emission model to an ultrasound-money era,\u201d the proposal description states.<\/p>\n<\/blockquote>\n

According to the project team, over the past several months the token has achieved a deflationary model, and the emission reduction will strengthen its position.<\/p>\n

It is expected that by January 4, 2024, updated data on CAKE’s maximum circulating supply will be officially reflected on major digital-asset tracking platforms.<\/p>\n

According to CoinGecko<\/a>, at the time of writing the token’s circulating supply stands at 243 million.<\/p>\n

CAKE hardly moved after the proposal’s approval, slipping 3.9% in 24 hours. However, earlier\u2014following the initiative’s December 21 announcement\u2014the asset rose by 20%<\/a>.<\/p>\n

\\\"PancakeSwap
15-minute CAKE\/USDT chart on Binance. Data: TradingView<\/a>.<\/figcaption><\/figure>\n

On December 26, PancakeSwap burned<\/a> 10 million CAKE for $34 million as part of the emission reduction. In response, the token surged by 25%.<\/p>\n

In November, the DEX launched<\/a> a gaming marketplace with NFT support and the CAKE token.<\/p>\n","protected":false},"excerpt":{"rendered":"

The PancakeSwap DEX proposal to reduce CAKE issuance from 750 million to 450 million was supported by 98% of community members.<\/p>\n","protected":false},"author":1,"featured_media":88874,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[787,1446,785],"class_list":["post-88873","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-dex","tag-pancakeswap","tag-voting"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88873","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=88873"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88873\/revisions"}],"predecessor-version":[{"id":88875,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88873\/revisions\/88875"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/88874"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=88873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=88873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=88873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}