Everyone know i made this thread when CAKE WAS $13 ! Lot of people made huge profit but sadly, this above guy missed the opportunity and begin to blabering something delusional.
A bonus for you all,
Now back to your question:
- 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.
The fifth strike is his stupidity