23
So as I've wrote before Pancakeswap is burning massive amounts of $CAKE. And that is with a big reason. And don't get me wrong, I am still hyper enthusiastic but you have to understand that $CAKE is inflationary. So what they are burning just puts a brake on the supply. But still huge if you look at the amounts they are burning. Everytime between 2 and 2.5% is quite a bit. As you can read in the Twitter message, they are hinting about a huge update: shortly said they will be able to make some fundamental changes. The community wants deflation, is that wat they are going to get? Or is there going to be a maximum supply?
For those who missed my explanation about their Roadmap and Masterchef contract, be sure to check out:
https://www.publish0x.com/fatdunsparce/pancakeswap-q1-roadmap-great-features-xrnzxly?a=J0dNxRmpaL
So yes the community has been complaining a lot since $CAKE is massively undervalued. But I guess a lot of people left since more and more swaps are opening their doors and Pancakeswap has been a little bit slow in development. After all, they lost 43.2% since 2 months ago. Their all time high has been 45, and it does show that the community reacts really positive on good news. So I am happy that I could join the Pancakeswap army at a ultra low price, since the updates seem really really really promising. Pancakeswap is one of the ?older? players already when it comes to Swaps and is one of the only BEP20 swaps. Which is super affordable.
So since they have been burning such big amounts weekly, they lost quite a bit of tokens in the circulation. Also value. But hey, everything for the community right? The community has still been pissed because they are only asking for a deflationary token. But while that is not happening right now and MIGHT in the future, Pancakeswap is a bargain that will make us some money.
Note: the Thumbnail image is half a meme I made for the meme competition. Misses the lowest words: ?Change my mind'
