Question about pancakeswap token | Bitcointalksearch.org

vv181

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Quote from: flyx on December 13, 2021, 08:19:49 AM

pancakeswap token is mintable . Do you think such feature let to increasing value?
Whenever creator decides can create much tokens and sellem

The mint function isn't coded to increase value but to specifically control the supply mechanism. AFAIK, every contract is required to have the mint function since the token supply has to be controlled over that function. And the function also has some specifications like it doesn't always specify the creator or anyone able to freely mint a token.

flyx

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Quote from: shinratensei_ on December 13, 2021, 11:32:12 PM

Cake token was not a mintable token and it doesn't have a function on its smartcontract to mint the new token. Have you done a proper research about this? i never heard that this token has unlimited supply like it can be minted anytime. It seems like that you must have done another research again. Mint function has a very big impact to the price and that's why developers were eliminating this function to get the trust from the buyers.

But obviously i see mint function on its smart contract

https://bscscan.com/address/0x0e09fabb73bd3ade0a17ecc321fd13a19e81ce82#writeContract

GreatArkansas

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There are a lot of use cases for CAKE token (pancakeswap token).

Controlling CAKE supply

Uses of CAKE token are like in LOTTERY, VOTING, YIELD FARMING, etc.,
So those CAKE tokens will burn especially if they will use in the lottery.

Visit this page, which is the tokenomics of CAKE: https://docs.pancakeswap.finance/tokenomics/cake/cake-tokenomics

It talks about how their token is distributed especially the emissions, burnings, rewards.

Frengki_cisco

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Quote from: flyx on December 13, 2021, 08:19:49 AM

Hey Guys
pancakeswap token is mintable . Do you think such feature let to increasing value?
Whenever creator decides can create much tokens and sellem

How can they mint more coins, while the supply and traded are 248,673,769 CAKE, how do you know CAKE coins can be minted.

If the supply is as stated above, it is very likely that the price will skyrocket, but if it can be printed without being limited, it is impossible for the price to skyrocket.

jeungo

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Quantitatively-qualitative indicator, a very important line. The main task is a grammatical smart contract that will allow the created token to exist normally. Another very important indicator of liquidity, because a lot of coins that exist in the possibility of exchange are not provided with liquidity.

cryptoaddictchie

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I wonder whether it's unlimited supply the price still increasing though. Didn't review that part of pancakeswap tokens or called cake but if its true then they got a very good team and platform since they could retain the price of their token even though supply still increasing. We all knew that price should reduce if you had an infinite supply.

Rahman11

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PancakeSwap is emerging as the most secure decentralized finance protocol on the Binance Smart Chain. Users can simply buy and hold CAKE crypto as a long term investment.

Semar Mesem

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I've been actively using CAKE for staking and now hear that CAKE is a mintable token, what I know is that CAKE doesn't have a maximum stock so they can increase the stock at any time, but so far I still believe in CAKE's reputation.

shinratensei_

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Cake token was not a mintable token and it doesn't have a function on its smartcontract to mint the new token. Have you done a proper research about this? i never heard that this token has unlimited supply like it can be minted anytime. It seems like that you must have done another research again. Mint function has a very big impact to the price and that's why developers were eliminating this function to get the trust from the buyers.

josephdd1

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As I know the only way to mint Cakes is to invest in some pools on Pancakeswap and get rewards in cakes. The increasing of a circulating supply doesn't increase the value, but as long as demand is high and there are a lot of users of Pancakeswap, the price of cake will also be high. What is more, Pancakeswap is declared to be decentralised so nobody can print more tokens.

Yogee

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It's already mentioned it's not mintable. I just want to add that Pancakeswap also has a voting system which could change the future of the platform. The community can decide to increase or decrease how many CAKE are emitted per block. Another measure they have to fight of inflation is their token burning.

el kaka22

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I do not think that pancakeswap is mintable after the release. I would love to see the code on that, as far as I know it was minted when it was first started but that was it, creators can't mint as much as they want anymore, it’s done. What OP could be talking about might be something to do with new version.

For example, cake is on V2 right now because they changed some codes and during that time they could have minted anything they wanted, but they did not. I am hoping that people would find anything there is risky in their code so far, but they would have found it if there were, it is open source and even the moving money around that is not theirs was omitted from the code, so they look as legit as they get. However, if there is something I do not know about their token, then I would like to see where it says on the code that they could mint anytime they want.

Raytheon

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Quote from: flyx on December 13, 2021, 08:19:49 AM

Hey Guys
pancakeswap token is mintable . Do you think such feature let to increasing value?
Whenever creator decides can create much tokens and sellem

CAKE is not a mintable token. It's an inflationary token, meaning that its total supply increases through time via a mechanism called "block emission". This feature doesn't help increase token value. In fact, it reduces.

Unlike USDT or DAI, creator can't print more CAKE tokens and sell them.

Teraboy

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Quote from: flyx on December 13, 2021, 08:19:49 AM

Hey Guys
pancakeswap token is mintable .

Mintable means more supply to the market.

Quote from: flyx on December 13, 2021, 08:19:49 AM

Do you think such feature let to increasing value?

The demand was main factor that increasing the value and such feature didn't have any correlation with price but otherwise i will make the price to decrease if the token in circulating supply will always increase from time to the time.

Quote from: flyx on December 13, 2021, 08:19:49 AM

Whenever creator decides can create much tokens and sellem

If cake was a mintable token and then creator would able to mint as much as they want as long as this function already created on its smartcontract but idk whether this feature was getting implemented or not.

flyx

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Hey Guys
pancakeswap token is mintable . Do you think such feature let to increasing value?
Whenever creator decides can create much tokens and sellem

Topic: Question about pancakeswap token (Read 89 times)