Pancakeswap carried out a new token burn of Cake this Monday, May 6th, 2024, to continue contributing to making the currency deflationary.
This activity is carried out every week, and the percentage of CAKE burned compared to the previous week is as follows:
Trading fees (AMM V3): 160k CAKE ($448k) +78%
Trading fees (Non-AMM like Perpetual, Position manager etc): 0.2k CAKE ($1k) -29%
Prediction: 52k CAKE ($145k) +17%
Lottery: 25k CAKE ($69k) -27%
NFT: 0.3k CAKE ($1k) -19%
Proof of CAKE Token Burn
:https://bscscan.com/tx/0xdab034d92faaaf1f94bfbbfc034ce38aea4bea2ba16e2afbf7b1b2a9cb39c364
Let’s remember that the token burning process consists of sending them to a null address, which cannot be recovered, which in this case is:
0x000000000000000000000000000000000000dead