#BinanceEarnYieldArena #BinanceWallet #PancakeSwap #governance

$BNB $CAKE

Judging by the proposal of the fresh tokenomics of PancakeSwap 3.0, there are quite interesting news and it is clear that BinanceWallet will change the game rules in future activities related to PancakeSwap, namely, instead of the BNB token, the CAKE token will need to be involved in sales. So we are looking forward to community decisions and voting on the upcoming sales of new project coins, and announcements, and remember that these events have always influenced volatility.

Here is an excerpt of the fresh tokenomics in which the authors note interesting details:

Simplified utility model of the CAKE token

As a result of the proposed changes, we expect outcomes that will contribute to the development of CAKE's utility and increase its value for our community:

1. Simplified participation in IFO: Previously, to participate in Initial Farm Offerings (IFO), users had to stake CAKE on PancakeSwap. From now on, this requirement will be lifted. After successfully conducting five token generation events (TGE) with Binance Wallet, we aim to open up the possibility of participating in IFO for anyone who has CAKE in their non-custodial wallet. There will be no need to lock tokens in advance — simply use CAKE to subscribe to the IFO. This lowers the barrier to entry and encourages more users to join the CAKE ecosystem.

2. Participation in TGE events: After successfully conducting five TGE events along with Binance Wallet, soon CAKE will be usable for participation in Token Generation Events (TGE) conducted by Binance Wallet and PancakeSwap. As with IFO, prior staking of CAKE will not be required — users will simply specify the desired amount of CAKE for participation, and any unused tokens will be returned after the event.

3. Flexible voting: We offer a new voting system whereby CAKE holders will only need to temporarily lock their tokens during voting to cast their vote. This eliminates the need for long-term staking and provides more flexibility and control over decision-making in the governance system.