Tag: PancakeSwap

Pancakeswap Launches Springboard: CAKE Token Surges 30%

Pancakeswap’s Springboard provides an all-in-one platform for creating and launching tokens on the BNB Chain. Springboard for Tokens on BNB Chain Pancakeswap, a decentralized exchange (DEX) on the BNB Chain has launched Pancakeswap Springboard, a single platform that eliminates the need for coding and enables developers, creators, and projects to quickly deploy their project’s tokens. […] Source BitcoincryptoexchangeExchanges CryptoX Portal

PancakeSwap to reimburse interface fees for Uniswap users

PancakeSwap has initiated a campaign to reimburse traders for interface fees incurred by its competitor Uniswap from May 16 to Aug. 15. The initiative promises refunds for traders who match trading volume on Uniswap v3 with PancakeSwap v3 on a 1:1 basis. The reimbursement offer follows Uniswap Labs’ decision to increase its interface fee from 0.15% to 0.25% on most swaps in April. The interface fees are applied when traders use Uniswap’s wallet interface and web app to execute token swaps. “As a leading multichain DEX, we are here to…

PancakeSwap Community Votes to Cut CAKE Token Supply by 300M

A staggering 98% member of the PancakeSwap community voted in favour of reducing the CAKE supply by 300 million resulting into a strong surge in the CAKE price. PancakeSwap, a prominent decentralized exchange, has successfully concluded a proposal to reduce the maximum supply of its native token CAKE from 750 million to 450 million, garnering nearly 98% of votes in favor. The multi-chain decentralized exchange initiated the voting process on Thursday, presenting a proposal to decrease CAKE’s maximum token supply. Also, the voting period has concluded, revealing a decisive 97.88%…

PancakeSwap To Burn 300 Million CAKE, Why Is This Whale Moving Coins?

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Amidst PancakeSwap’s proposal to burn 300 million CAKE and reduce the total supply from 750 million to 450 million CAKE, on-chain data indicates that a whale has been moving a significant amount of CAKE, the decentralized exchange’s governance token. Whale Is Moving Tokens As Key PancakeSwap Voting Event Proceeds According to a report from Scopescan, a blockchain analytics platform, a whale has moved approximately 1.7 million CAKE worth $1.3 million in the past week from Binance, Gate.io, and Bitget to a series of crypto addresses. The timing of this transfer is…

PancakeSwap Community Votes to Reduce CAKE Token Supply

PancakeSwap put forward a proposal to reduce the maximum supply of its native CAKE token from 750 million to 450 million. One of the unique things about the crypto industry is the fact that many major projects operate as decentralized autonomous organizations (DAOs). As such, their users get a say in the decisions made by these organizations and can have their voices heard. A recent example of this was with the decentralized crypto exchange PancakeSwap. The DEX recently put forward a proposal to reduce the supply of the popular CAKE…

PanCakeSwap Soars 50% After 10 Million Tokens Burned

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The recent increase in value of PancakeSwap has captured the attention of the cryptocurrency community, as its token, CAKE, witnessed an extraordinary 54% surge in just the past seven days. With a robust market capitalization of nearly $900 million and an impressive fully diluted valuation of $1.3 billion, PancakeSwap has solidified its position as a significant player in the decentralized finance (DeFi) space. Strategic Token Burn Propels PanCakeSwap Ascendancy One of the key strategies contributing to PancakeSwap’s success lies in its proactive approach to managing token supply. In a strategic…

PancakeSwap implements new ‘Gauges’ voting system and sunsets vCAKE metric

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Decentralized crypto exchange PancakeSwap has implemented a new voting system called “Gauges” and sunsetted its vCAKE metric, replacing it with a new metric called “veCAKE.” Your CAKE, Your Voice Introducing Gauges Voting and veCAKE More governance power Control CAKE emissions Deeper liquidity Vote Incentiveshttps://t.co/doaCruwMV6 pic.twitter.com/GxHGHdIG4J — PancakeSwapEveryone’s Favorite DEX (@PancakeSwap) November 22, 2023 The system allows governance tokenholders to vote for additional rewards to be distributed to particular pools, according to a Nov. 22 blog post. PancakeSwap is the third-largest decentralized exchange (DEX) in terms of total value locked (TVL),…