PancakeSwap is the Primary and largest DEX in the Binance Smart Chain ecosystem.
With the main token $CAKE
As a DEX pioneer in the BSC Ecosystem, $CAKE has unlimited supply and endless minting.
I hope the PancakeSwap developer will make a big change for the future of $CAKE so that it can continue to grow instead of becoming one of the stable coins like BUSD, USDT, USDC.
Steps that can be taken by developers:
1. Stop Minting Function (Emissions for the reward pool can be used from supply circulation from features in pancakeswap, which currently vary)
2. Supply Denomination (Create a maximum Supply of $CAKE tokens clearly to avoid Inflation.)
3. Burn 40% More than Minting (This will prevent inflation even if minting continues and supply cake is unlimited)
Imagine ATH $CAKE on April 30th 2021 is $43.96. That would be hard to catch up with with the current $CAKE situation.
Even BNB is about to reach ATH again, while $CAKE is stuck at price $11.55 - $12.56 which is -73.52% of ATH.
As the biggest DEX in BSC isn't that a big problem?
Let's help Developers make a Big Break.