What is the issue price of CAKE coins? Introduction to the issue price and issue quantity of CAKE coins

When PancakeSwap launched in September 2020, CAKE coins had an initial issue price of $1.50 and a quantity of 750 million.

Oct 24, 2024 at 07:49 pm

What is the Issue Price of CAKE Coins?

1. Background:
Cake is the native token of PancakeSwap, a decentralized exchange (DEX) platform that operates on the Binance Smart Chain.

2. Issue Price:
The initial issue price of CAKE was $1.50 when it was launched in September 2020.

3. Issue Quantity:
The initial issue quantity of CAKE coins was 750 million.

Additional Information:

CAKE was initially distributed through liquidity mining and farming rewards on PancakeSwap.
The token's price has fluctuated significantly since its launch, influenced by market conditions and adoption.
As of February 23, 2023, the price of CAKE is approximately $4.70.
The total supply of CAKE coins is capped at 750 million, with no additional issuance planned.

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