PancakeSwap Proposes Major Cut in CAKE Token Supply
PancakeSwap proposes slashing CAKE's supply from 750 million to 450 million, marking a strategic pivot towards stable tokenomics.
![image Kikyo](https://image.coinlive.com/24x24/cryptotwits-static/48f86a806b49016229dd4b6320571c14.png)
PancakeSwap proposes slashing CAKE's supply from 750 million to 450 million, marking a strategic pivot towards stable tokenomics.
The liquidation application by Cake Group's co-founder Chua U-Zyn, amid layoffs and financial mystery, leaves the crypto community in suspense, prompting questions about industry stability and user implications.
His co-founder Julian Hosp, however, is none too keen to allow the liquidation to happen.
Cake Group, led by CEO Julian Hosp, announces a significant retrenchment and restructuring effort to realign with its core business, Bake, impacting 52 team members, while unveiling Cake 2.0 for a strategic shift in focus amidst challenges in the crypto landscape.
Samuel Christian formerly served as CMO of an Animoca-backed financial superapp.
The coin's 24-hour trade volumes, at press time, noted a sharp rise of over 52% standing at over $55 million.
The market is currently in crisis mode and we are witnessing one of the worse cryptocurrency crashes in history, with ...