BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
Home BREAKING NEWS

PancakeSwap Just Cut its Token Supply by 40% and Here is Why

BlockNews.com Team by BlockNews.com Team
December 30, 2023
in BREAKING NEWS, CRYPTO, FEATURED
Reading Time: 2 mins read
4
SHARES
59
VIEWS
Share on XShare in TelegramShare on Reddit
  • PancakeSwap passed a proposal to reduce its total CAKE token supply from 750 million to 450 million, receiving 97.88% community approval.
  • The reduced supply provides certainty about future emissions, supporting PancakeSwap’s goal of an ultrasound token model. It also allows flexibility to gain market share while sustaining CAKE.
  • The proposal is expected to positively impact CAKE’s value and market position. CAKE has already climbed 38% amid the governance voting. This indicates community support for PancakeSwap’s evolved tokenomics approach.

In a major milestone for decentralized finance (DeFi), PancakeSwap has passed a proposal to reduce its total token supply. This reflects the platform’s efforts to move towards a more sustainable tokenomics model.

The Voting Process

On December 29th, PancakeSwap closed a proposal to cap the maximum supply of its native token, CAKE, at 450 million, down from 750 million previously. The proposal received an overwhelming 97.88% approval rate from the community.

Motivations Behind the Proposal

The proposal was driven by several factors. Firstly, it provides certainty about future CAKE supply. This is a critical step towards PancakeSwap’s goal of achieving an “ultrasound” token model.

Additionally, the 450 million cap allows flexibility for capturing market share across chains while sustaining the CAKE system.

JUST IN: @PancakeSwap approves proposal to reduce its $CAKE token supply from 750 million to 450 million pic.twitter.com/kXKQq3JER1

— BlockNews.com (@blocknewsdotcom) December 29, 2023

Expected Impacts

The reduced supply is anticipated to positively impact CAKE’s value and PancakeSwap’s market position. CAKE has already climbed 38% over the past week amid the governance voting.

There are currently 388 million CAKE in circulation. The community’s strong backing indicates support for PancakeSwap’s strategic direction under its evolved tokenomics approach.

Conclusion

With intensive refinements to its emissions and growth strategy over the past year, PancakeSwap has positioned itself for the next stage of evolution. The reduced supply proposal represents a landmark moment as the platform transitions toward a more sustainable and ultrasound token model.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: CAKEcryptoToken
Tweet1ShareShare
BlockNews.com Team

BlockNews.com Team

The go-to news source for Cryptocurrency, Blockchain, Technology, & Finance

DON'T MISS THESE! HOT OFF THE PRESS

Chainlink Partners with Saudi Awwal Bank, Price Struggles to React
BUSINESS

Chainlink Partners with Saudi Awwal Bank, Price Struggles to React

September 17, 2025
Sui Price Prediction: Google Partnership and ETF Filing Signal Big Move Ahead
CRYPTO

Sui Price Prediction: Google Partnership and ETF Filing Signal Big Move Ahead

September 17, 2025
Why Sui (SUI) Looks Ready for a Major Bullish Breakout in 2025
CRYPTO

Why Sui (SUI) Looks Ready for a Major Bullish Breakout in 2025

September 17, 2025
TRON Price Eyes Breakout After Reclaiming Key Support
CRYPTO

TRON Price Eyes Breakout After Reclaiming Key Support

September 17, 2025
Cardano Price Rejected at $0.926 – Can ADA Avoid a Drop to $0.677?
CARDANO

Cardano Price Rejected at $0.926 – Can ADA Avoid a Drop to $0.677?

September 17, 2025
CleanCore Ramps Up Dogecoin Treasury With 100M More DOGE
CRYPTO

CleanCore Ramps Up Dogecoin Treasury With 100M More DOGE

September 16, 2025
Load More

Related News

Chainlink Partners with Saudi Awwal Bank, Price Struggles to React

Chainlink Partners with Saudi Awwal Bank, Price Struggles to React

September 17, 2025
Sui Price Prediction: Google Partnership and ETF Filing Signal Big Move Ahead

Sui Price Prediction: Google Partnership and ETF Filing Signal Big Move Ahead

September 17, 2025
Why Sui (SUI) Looks Ready for a Major Bullish Breakout in 2025

Why Sui (SUI) Looks Ready for a Major Bullish Breakout in 2025

September 17, 2025
TRON Price Eyes Breakout After Reclaiming Key Support

TRON Price Eyes Breakout After Reclaiming Key Support

September 17, 2025
Cardano Price Rejected at $0.926 – Can ADA Avoid a Drop to $0.677?

Cardano Price Rejected at $0.926 – Can ADA Avoid a Drop to $0.677?

September 17, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews is your premier source for real-time cryptocurrency, blockchain, political and financial market news.

Stay ahead of the herd with BlockNews

RESOURCES

  • About Us
  • Contact Us
  • Editorial Policies
  • Terms and Conditions
  • Privacy Policy
  • Sitemap

DISCLOSURES AND POLICIES

BlockNews provides independent reporting on crypto, blockchain, and digital finance. Content is for informational purposes only and does not constitute financial advice. Sponsored material is always disclosed. By using this site, you agree to our Terms and Conditions and Privacy Policy.

© 2025 BlockNews

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2025 BlockNews