$CAKE

CAKE is the native token of PancakeSwap, a decentralized exchange (DEX) built on the Binance Smart Chain. Here's what you need to know about CAKE:

*Current Price and Market Data*

- Current price: $2.19-$2.29

- Market capitalization: $726.16 million-$760.03 million

- 24-hour trading volume: $65.15 million-$67.37 million

- Circulating supply: 331.62 million-331.68 million CAKE

- Total supply: 381.25 million CAKE

- Max supply: 450 million CAKE

*PancakeSwap Ecosystem*

- Decentralized exchange (DEX) for swapping tokens

- Yield farming to earn rewards

- Syrup pools to stake CAKE tokens

- Prediction market, initial farm offerings, lottery, and NFT marketplace

*Tokenomics*

- CAKE has a deflationary token model, with over 102% of minted CAKE burned weekly

- Token burns occur through various mechanisms, including trading fees, lottery ticket purchases, and NFT sales

- Revenue-sharing program distributes trading fees to CAKE stakers based on lock duration ¹ ²