Home web3.0 How much cake coins are produced every day?

How much cake coins are produced every day?

Apr 29, 2024 am 10:53 AM
cake

PancakeSwap bakes about 150,000 cakes every day, can be minted manually, has an inflation rate of about 10%, implements a burning mechanism, and has a total supply of 750 million cakes.

How much cake coins are produced every day?

Daily Production of Cake Coin

Cake Coin is the native token in the PancakeSwap ecosystem. The rate at which it is issued varies over time and depends on the following factors:

Daily Baking:

PancakeSwap bakes a certain number of Cake coins every day to reward liquidity provision By. Currently, the daily baking capacity is about 150,000 cakes.

Manual Minting:

PancakeSwap can manually mint Cake coins when needed, such as for ecosystem development or strategic partnerships.

Inflation Rate:

The inflation rate of Cake Coin changes over time, but is currently around 10% per year. This means that a new 10% of the Cake token supply will be minted every year.

Burning mechanism:

PancakeSwap implements an automatic burning mechanism to use part of the transaction fees to destroy Cake coins. This helps reduce the circulating supply and increases the token value.

Total supply

The total supply of Cake coins is 750 million. Over time, with roasting and hand casting, the circulating supply will increase.

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