PANCAKE (CAKE) will reach $100. My own goal, NFA - page 13.

Tytanowy Janusz

legendary

Activity: 2156

Merit: 1622

Quote from: LGD2Business on March 15, 2021, 08:53:07 PM

First they have an active lottery, which is used by many people. Some portion of CAKE is burned there.

So its even worse.

Quote from: Tytanowy Janusz on March 14, 2021, 09:00:35 AM

Quote

CAKE EMISSION MODEL
- 40 Cakes are generated per block ( in each 3 seconds )
From these 40 Cakes,
- 15 Cakes are going to be burned (Burn pool)
- 15 Cakes goes for —> farmers and lottery
- 10 Cakes goes for —> Main Cake Pool stakers

They mint 15 cakes for "farmers and lottery" and then burn coins during lottery... They mint just to burn. For second time. For me .. its cheating, fake boosting numbers to confuse investors/users.

~3000 cakes are being burned during lotteries on average - based on last 10 lotteries ... twice a day. 6000 cakes per day.

While 720k each 1 day is being minted. Its less than 1%

During last IFO they burned $1 500 000. ~100k cake. Its 13% but ...we don't see IFO each day...

Those burns lower >200% inflation to ~170-190%. Its still way too much.

LGD2Business

legendary

Activity: 2506

Merit: 1505

Quote from: Tytanowy Janusz on March 14, 2021, 09:00:35 AM

So they mine 15 cake each 3 sec just to ... burn it XD Just to make tweets like this one:
https://twitter.com/PancakeSwap/status/1356279604298727434
That's first strike.

We are left with 25 cake generated each 3 sec = 500 each 1 min = 30 000 each 1 h = 720k each 1 day = 262.8 M each 1 year.
Current circulating supply = 134,901,580 CAKE
So in 1 year from now supply will triple so will marketcap do if we will stay at the same price.
That's second strike.

Big dexes from ETH are expanding to other chains (like 1 inch is naw available on bsc and eth). Competition on BSC will only grow.
That's third strike.

Defi, in general, is overhyped
That's fourth strike.

I would rather avoid investing in cake.

Those are fair worries but CAKE has some other burning methods as well.

First they have an active lottery, which is used by many people. Some portion of CAKE is burned there.

Second they have IFO's, which half of money collecting is burned directly.

Third they will open prediction market, which also burn CAKE when people use it.

Kang TB

sr. member

Activity: 1050

Merit: 250

Revolutionizing Reward Points

Quote from: numanoid on March 10, 2021, 11:36:39 AM

Does it sound CAKE's price now too cheap?
I will tell you 1 other Big secret of CAKE, look at this thread https://bitcointalksearch.org/topic/just-a-matter-of-time-until-uniswap-eth-got-beaten-by-pancakeswap-bsc-5322775
Today, CAKE has beat UNI in last 24 hours for registred/used by people.

99% i believe CAKE's price will surpass UNI, which around $30 and it would goes to $50 or even $100 in longterm.

P.S i don't care whatever you will buy CAKE or not, it's your money and your decision

but there is an issue on pancakeswap now
https://twitter.com/PancakeSwap/status/1371471934999777281
i hope pancakeswap team will fix this issue as soon as possible mate

Tytanowy Janusz

legendary

Activity: 2156

Merit: 1622

Quote from: numanoid on March 14, 2021, 08:30:04 AM

Well what an amazing calculation from what i read, didn't know there was an user who calculated just like i did.
What do you mean by cake inflation?

Thanks

Now back to your question:

Quote

CAKE EMISSION MODEL
- 40 Cakes are generated per block ( in each 3 seconds )
From these 40 Cakes,
- 15 Cakes are going to be burned (Burn pool)
- 15 Cakes goes for —> farmers and lottery
- 10 Cakes goes for —> Main Cake Pool stakers

So they mine 15 cake each 3 sec just to ... burn it XD Just to make tweets like this one:
https://twitter.com/PancakeSwap/status/1356279604298727434
That's first strike.

We are left with 25 cake generated each 3 sec = 500 each 1 min = 30 000 each 1 h = 720k each 1 day = 262.8 M each 1 year.
Current circulating supply = 134,901,580 CAKE
So in 1 year from now supply will triple so will marketcap do if we will stay at the same price.
That's second strike.

Big dexes from ETH are expanding to other chains (like 1 inch is naw available on bsc and eth). Competition on BSC will only grow.
That's third strike.

Defi, in general, is overhyped
That's fourth strike.

I would rather avoid investing in cake.

numanoid

legendary

Activity: 1890

Merit: 1148

Quote from: Tytanowy Janusz on March 12, 2021, 05:18:39 AM

Quote from: numanoid on March 10, 2021, 11:36:39 AM

Some of you ever read about my thread before about BNB coin, if you haven't, you can check on here https://bitcointalksearch.org/topic/--5316309

Oh man ... I was 15 months before you with my, very similar, calculation

I even calculated expected APY from lauchpads, lauchpools and other activities compared to nasdaq average dividend- https://bitcointalksearch.org/topic/m.53299809
But I like to see that I'm not the only one who calculate

Pretty rare here in altcoin section, where alt is cheap when it has big community on telegram XD

Now lets take a look at CAKE.
1- The fact that cake compared to uni is undervalued does not mean that its price will grow. Both tokens can dump, but UNI can dump harder. DEFI is very hyped = overvaluated. Compare token marketcap vs volume for dexes and cexes and you will know what I'm talking about.
2- You should take a look at inflation. This year Cake inflation is like 300% - ~200% after burns!. Its crazy to invest in CAKE.

Well what an amazing calculation from what i read, didn't know there was an user who calculated just like i did.
What do you mean by cake inflation?

hd49728

legendary

Activity: 2044

Merit: 1018

Quote from: Tytanowy Janusz on March 12, 2021, 05:18:39 AM

Now lets take a look at CAKE.
1- The fact that cake compared to uni is undervalued does not mean that its price will grow. Both tokens can dump, but UNI can dump harder. DEFI is very hyped = overvaluated. Compare token marketcap vs volume for dexes and cexes and you will know what I'm talking about.
2- You should take a look at inflation. This year Cake inflation is like 300% - ~200% after burns!. Its crazy to invest in CAKE.

DeFi is the hype game and I believe I am not wrong if I say all DeFi tokens are overvalued. I am sorry with anyone if this opinion makes them angry.

I was in crypto market 4 years ago and I know what is potential projects. Bull market brings hope and over expectation on projects. Teams stay behind projects have enough marketing skills to help price of their coins or tokens move up and up.

But I don't conclude that UNI or CAKE price won't rise more. It is up to the bull market, not me. I agree with you that the risk is there with DeFi projects. Good or bad projects, risk is there with investors.

Tytanowy Janusz

legendary

Activity: 2156

Merit: 1622

Quote from: numanoid on March 10, 2021, 11:36:39 AM

Some of you ever read about my thread before about BNB coin, if you haven't, you can check on here https://bitcointalksearch.org/topic/--5316309

Oh man ... I was 15 months before you with my, very similar, calculation

I even calculated expected APY from lauchpads, lauchpools and other activities compared to nasdaq average dividend- https://bitcointalksearch.org/topic/m.53299809
But I like to see that I'm not the only one who calculate

Pretty rare here in altcoin section, where alt is cheap when it has big community on telegram XD

Now lets take a look at CAKE.
1- The fact that cake compared to uni is undervalued does not mean that its price will grow. Both tokens can dump, but UNI can dump harder. DEFI is very hyped = overvaluated. Compare token marketcap vs volume for dexes and cexes and you will know what I'm talking about.
2- You should take a look at inflation. This year Cake inflation is like 300% - ~200% after burns!. Its crazy to invest in CAKE.

numanoid

legendary

Activity: 1890

Merit: 1148

Some of you ever read about my thread before about BNB coin, if you haven't, you can check on here https://bitcointalksearch.org/topic/--5316309

I will tell you a Big secret if CAKE coin right now and right here

Now, i'll talk about PANCAKESWAP or (CAKE) coin, now it's being traded around $13, with 130million CAKE coin as cicrculating supply and 213million CAKE coin as total supply.

Let's see the main competitor of PANCAKESWAP, yeah, it's UNISWAP, which currently being traded around $32 with 521million coin as circulating supply and 1 billion coin as max supply.

Do you guys realized something? YES! CAKE is much cheaper than UNI atm. While CAKE's supply even lower than UNI's, it's still being traded "lower price" than UNI. CAKE's marketcap also 15x lower than UNI, so CAKE's price must around 13x15 = $195/each CAKE to able same with UNI's marketcap.

Does it sound CAKE's price now too cheap?
I will tell you 1 other Big secret of CAKE, look at this thread https://bitcointalksearch.org/topic/just-a-matter-of-time-until-uniswap-eth-got-beaten-by-pancakeswap-bsc-5322775
Today, CAKE has beat UNI in last 24 hours for registred/used by people.

99% i believe CAKE's price will surpass UNI, which around $30 and it would goes to $50 or even $100 in longterm.

P.S i don't care whatever you will buy CAKE or not, it's your money and your decision

Topic: PANCAKE (CAKE) will reach $100. My own goal, NFA - page 13. (Read 3178 times)