#AirdropStepByStep About CAKE (PancakeSwap Token)

CAKE is a BEP-20 token powering PancakeSwap, one of the most active decentralized exchanges on the $BNB BNB Chain. It has multiple utilities:

• Staking for rewards via Syrup Pools

• Yield farming

• Governance voting on proposals

In 2023 and beyond, the PancakeSwap team shifted CAKE’s tokenomics towards sustainability, including reduced emissions and a vision of eventual deflationary supply. This has set the stage for a potentially stronger long-term value proposition.