Proposal to Cap CAKE Token Supply at a Maximum of 750,000,000 CAKE

PancakeSwap and Token Supply

The state of DeFi and PancakeSwap has changed immensely since our inception in September 2020, and we propose to cap the CAKE maximum token supply at 750,000,000 (750M) to better reflect our long-term outlook on PancakeSwap and the $CAKE token.

Current PancakeSwap Tokenomics

In the kitchen, we have been working hard to bring value to PancakeSwap and the $CAKE token, from providing new products (e.g. Perpetuals), to sourcing the tastiest Syrup Pools and Farms. Unique amongst AMMs, we also burn transaction fees from platform activities (e.g. trading, prediction, farm auctions) to further increase the scarcity of the $CAKE token.

But we can do better, and we will.

Proposed Cap on CAKE Maximum Token Supply

We propose to cap the CAKE maximum token supply at 750M $CAKE. Based on our calculations – which can be found in detail in our litepaper v2 – this comfortably gives us an approximate runway of 3 years, before the current circulating supply reaches this cap.

We believe that implementing this proposed cap will enable the $CAKE token to better reflect the value, community, and sustainability of PancakeSwap.

What’s next?

If the community decides to approve the proposal to cap the CAKE maximum token supply at 750M, we will formally incorporate it into our tokenomics, and institute the max token supply cap.

Key Resources

• Litepaper: https://v2litepaper.pancakeswap.finance/
• Twitter: https://twitter.com/pancakeswap
• Telegram (Announcements): http://t.me/PancakeSwapAnn
• Telegram (Main): http://t.me/pancakeswap
• Discord: https://discord.gg/pancakeswap
• Reddit: https://www.reddit.com/r/pancakeswap/
• Instagram: https://www.instagram.com/pancakeswap_official/

⚠️⚠️⚠️BEWARE OF FOOD POISONING⚠️⚠️⚠️

The SHA256 Hash Checksum for our Tokenomics paper is: 2a0626ca8177370540a5b71551cb503d7a997ef81d893c1638f59511d751a493

Users can verify the authenticity of the v2 Litepaper through SHA256 File Checksum Functions through both online and offline (OS-based) tools.