Pancake officially releases a new proposal to adjust the maximum supply of CAKE from 450 million to 400 million.
BlockBeats News, January 13, according to official sources, the Pancake official team has released a new proposal suggesting to adjust the maximum supply of CAKE from 450 million to 400 million.
The official statement says they believe the reduced token supply will be sufficient to support all future development needs of the protocol. Although there will still be a buffer of about 50 million between the current circulating supply (approximately 350 million) and the new maximum supply (400 million), it is expected that this reserve will not need to be used. In special circumstances, the team may still activate this buffer mechanism. It is worth noting that Pancake's ecosystem development fund continues to grow steadily and has now accumulated about 3.5 million CAKE tokens. Before considering any new emissions, these reserves will be prioritized for protocol development needs. Therefore, it is almost impossible for the protocol to return to an inflationary state.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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