Pancakeswap burned almost 5% of total supply in ONE week time!

By Fgeletterd | Michielangelo's Gems | 15 Feb 2022

(53000000*100/2238306730) = 2.37% is my calculation. The total market cap right now is 2,238,306,730 and roughly 1 week ago they burned another 55 million dollars in Cake. So in less than one month they burned 5% of the total circulation!

You can read more about $CAKE in my other blogs, why I became such a big fan of it.

https://www.publish0x.com/fatdunsparce/pancakeswap-burned-today-a-whopping-248-percent-of-the-total-xmmvymd ?a=J0dNxRmpaL

https://www.publish0x.com/fatdunsparce/pancakeswap-277-percent-upside-potential-huge-updates-coming-xglmlvl ?a=J0dNxRmpaL

They are also going to welcome a new feature called Game of Truth:

Anyway these are just short updates. Most importantly is that they keep burning $CAKE now more often. There is still no maximum supply which means they can just print more anyway, but as for now the burning system (also automatic burns) makes sure that it does not get crazy. Besides the burns they come with pretty cool updates and I recommend you guys to check it out!

Cryptocurrency DeFi Cryptocurrency News PancakeSwap Pancake (CAKE)

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Fgeletterd

Healthcare worker interested in saving money, buying stocks, buying crypto and achieving FIRE! I really love my job. But working 36 hours a week to be in the rat race is just not my thing. And I hope it's also not your thing :)

Michielangelo's Gems

Welcome at my blog, I am super excited to start this journey and share my findings and gems. Because investing can be a teamsport, it is already fun to play alone but with Publish0x we can make it into a teamsport. Because investing should not be something competetive for us: we should work together so we can achieve our goals. We can get better together and make our road to our goals shorter!