The vote to reduce the total supply of PancakeSwap, one of the decentralized exchanges, resulted positively.
PancakeSwap community, as a result of the voting held yesterday CAKE of supply The proposal to reduce the number from 750 million to 450 million was approved with a 97.88% yes vote. Confirmed.
Data platforms such as CoinGecko and CoinMarketCap have a deadline of January 4 regarding the CAKE offering. to update Waiting.
According to TradingView data, CAKE in the past day 3.54%; 47.70% during the week gained value and at the time of writing from $3.73 is being traded.
According to the statement made by the PancakeSwap team, CAKE supply, A strategy focused on deflation was reduced accordingly.
With the decrease in supply, the team decided that PancakeSwap can gain more market share believes.
The article titled Altcoin, which has doubled in value in six months, made a 300 million cut in its supply, was prepared by Selim Kuşçu and published on koinbulteni.com.