Cryptocurrency Q&A
Is cake a hard capped token?
Is cake a hard capped token?
GeishaWhisper
Sat Jul 13 2024
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7 answers
1298
As a cryptocurrency and finance practitioner, I often encounter various types of tokens. One question that frequently arises is whether a particular token has a hard cap. Now, let's consider the specific instance of "cake" tokens. Is "cake" a hard capped token? By definition, a hard cap refers to a maximum limit set on the total amount of a token that can be issued or sold during a fundraising event. Does the "cake" token have such a limitation? This is crucial information for investors to understand as it directly impacts the token's supply and potential value. Let's delve deeper into this question to gain clarity.
7 answers
EchoWhisper
Mon Jul 15 2024
PancakeSwap utilizes CAKE as its governance token, pivotal to the platform's functioning.
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SamuraiWarriorSoulful
Mon Jul 15 2024
Unlike many cryptocurrencies, the supply of CAKE is not subject to a hard cap. This means that theoretically, the amount of CAKE in circulation can increase indefinitely.
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Giulia
Sun Jul 14 2024
BTCC, a UK-based cryptocurrency exchange, offers a comprehensive range of services to its users. These include spot trading, futures contracts, and digital wallet solutions.
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KDramaCharm
Sun Jul 14 2024
The team behind PancakeSwap recognizes the potential implications of an unlimited supply and is exploring measures to mitigate inflationary pressures.
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Silvia
Sun Jul 14 2024
One such measure is the implementation of regular token burns. Token burns involve the destruction of a certain amount of CAKE tokens, reducing their overall supply.
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