Tag: Token

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%…

Decentralized Exchange Altcoin Soars Nearly 70% in a Week Amid Massive Support for Proposed Cuts in Token Supply

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One decentralized exchange (DEX) platform is skyrocketing as its community shows overwhelming support for its proposed supply cut of tokens. In a new proposal, over 97% of the community members of decentralized crypto exchange PancakeSwap (CAKE) voted to lower the digital asset’s token supply to a maximum cap of 450 million. “Now that CAKE has achieved consistent deflation for several months and is focusing on accelerating our journey to ultrasound CAKE, this proposal aims to reduce the CAKE token’s total supply to a maximum cap of 450 million CAKE. With…

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…

BNB, Polygon among top gainers, new mining token also rallying

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. BNB and Polygon are firm, while most other projects are in red. BNB is up 8.98%, while Polygon is up 20.86% in the last 24 hours. Meanwhile, the new mining crypto Bitcoin Minetrix (BTCMTX) is also seeing notable gains as its presale surges past $6.2 million. After consolidating, BNB, and Polygon have started to gather momentum, while recent top performers like Solana and Avalanche are cooling down. BNB and…

Harmony To See Redemption? Analyst Predicts Meteoric 650% Rise For ONE Token

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The Harmony blockchain fell victim to one of the most infamous hacks in decentralized finance (DeFi) history and the fallout from that attack in 2022 saw the ONE price tank tremendously, losing over 98% of its all-time high value. However, one year later, the cryptocurrency seems to be making a comeback as investors and traders flip bullish once again. Crypto Analyst Predicts Great Things For ONE Token Crypto analyst Alan Santana has shared an analysis of the ONE token, the native cryptocurrency of the Harmony blockchain. In this analysis that…

BRC-20 token ORDI jumps 30% on Christmas

The native token of Casey Rodarmor’s Ordinals Protocol recorded double-digit price gains in 24 hours during the holidays, along with other BRC-20 cryptocurrencies. ORDI rallied as much as 37% on Dec. 25, with its daily trading volume and market capitalization moving in tandem, per CoinMarketCap. Traders swapped over $900 million worth of the crypto, a 131% increase compared to the previous day.  The crypto commanded a $72 per token price tag as its market cap gained 35% and sat above $1.5 billion at press time. No significant news or development…

Solana Saga Orders Scrapped As $30 Million BONK Token Package Overshadows Device’s Value

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Solana (SOL) and its associated meme coin, Bonk (BONK), have witnessed remarkable surges in value, with SOL recording gains of over 71% and Bonk experiencing an astonishing 342% increase over the past 30 days.  The positive growth within the Solana ecosystem has resulted in a surge in demand for the flagship mobile device, Solana Saga. However, the Solana Mobile team recently addressed challenges in meeting the “overwhelming demand” and explained order cancellations and inventory management issues. Solana Mobile Faces Inventory Mishap Over the past month, SOL has seen a significant…

Access Protocol Announces $250 Airdrop in ACS Token to Saga Phone Owners

The ACS token from Access Protocol, distributed in the recent airdrop, functions as a means of payment that holders can utilize to gain access to a wide variety of crypto-themed content. In a surprising turn of events, Saga phone owners are receiving an unexpected windfall, with crypto publishing platform Access Protocol distributing ACS tokens worth $250. The platform announced the airdrop, providing all Solana-centric phone owners with 100,000 ACS tokens. Access 🤝 @solanamobile ecosystem 🪂 The first of many to airdrop Saga users, old and new. Here is 100,000 ACS,…

Elastos’ token ELA jumps 100% following Bitcoin layer-2 announcement

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Blockchain developer Elastos introduced a Bitcoin layer-2 network, aiming to attract liquidity through its staking tools. According to a blog post, Elastos‘ new solution called “Bitcoin Elastos Layer2” abbreviated as BeL2, intends to leverage SmartWeb technology to enhance the capabilities of the Bitcoin network. The focus is on bringing staking solutions and incorporating zero-knowledge proof technology. Despite the announcement being made in late November, the response from the crypto community was initially muted. However, following the release of a whitepaper by the development team outlining the details of the BeL2…