PancakeSwap Introduces A Series Of Changes To Reflect Long -Term Vision

PancakeSwap introduces a series of changes to better reflect the long-term vision of DApps. (PancakeSwap)

JAKARTA – Leading BNB Chain protocol, PancakeSwap introduces a series of changes to better reflect the long-term vision of DApps. The BNB Chain protocol makes revolutionary changes to their token which will see a maximum supply limit of 750 million CAKE tokens. In addition, they will introduce benefits for locked tokens.

According to BSC News, Along with capping the supply of $CAKE, the token will retain most of its use cases and also see additional use cases for locked $CAKE derivatives such as weighted voting, increased agricultural yields, increased IFO allocation, and more to come. .

PancakeSwap is future-focused with no expected change in emission levels. The 750 million supply limit sets a runway estimate for a minimum of three years before supply reaches that limit.

“We believe that having a maximum supply limit, as well as an incentive for a smaller effective circulating supply, better reflects PancakeSwap's value, community and sustainability,” the team behind PancakeSwap said in an interview.

The team behind PancakeSwap did a lot of research before hitting the 750 million mark and will consider industry best practices, the runway, and their assessment of what's to come in the near future. With the current state of the market going through a drastic downturn, this protocol is likely to offer stability for the foreseeable future.

The initial proposal was strongly approved by the majority of participants. The team has also explained that they see its role in DeFi (Decentralized Finance) as important and hope to be able to provide as much information as possible to users before this change is implemented.

For your information, PancakeSwap is a Decentralized Exchange (DEX) built on the BNB Chain. This exchange offers various features to its users, including Liquidity Pool, Swapping, Yield Farming, Perpetual Trading, Syrup Pool, Automated Market Builder, Initial Farm Bidding (IFO), NFT profiling system, and many others.