PancakeSwap has been actively engaged in efforts to strengthen its presence in the decentralized finance (DeFi) space. As a result, the number of CAKE tokens was reduced from 750 million to 450 million.
In the meantime, the company has improved its growth pattern, token economics and emissions. Following the launch of CAKE Tokenomics v2.5 and the launch of the veCAKE Gauges system, these activities have laid the foundation for continued growth across all departments.
After months of sustained deflation, their next plan is to reduce the total supply of CAKE to 450 million, in line with the goal of achieving a robust deflation mechanism.
Coordination has been implemented to deliver confidence to the community and accelerate the ultrasound cake. The intention was also to increase flexibility in expansion.
Before issuing a formal declaration, the organization convened a forum meeting to gauge the collective sentiment of the larger community. The feedback provided was very positive. After receiving these responses, an opportunity was given to submit formal recommendations.
The researchers noted that the majority of votes (97%) supported the idea of reducing the cake supply. This information ultimately helped them draw conclusions and take appropriate action. Appropriately, CAKE supply has decreased.