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CAKE tokenomics is built for the long term π°
With the max supply reduced to 400M and burns consistently outweighing emissions, CAKEβs supply reduction arc continues.
Hereβs the last 6 months of CAKE burns π
December
π° CAKE burned: 2,460,056
π₯ Net supply change: -1,785,740
November
π° CAKE burned: 4,472,116
π₯ Net supply change: -3,819,552
October
π° CAKE burned: 5,662,618
π₯ Net supply change: -4,988,301
September
π° CAKE burned: 3,191,963
π₯ Net supply change: -2,539,399
August
π° CAKE burned: 2,730,893
π₯ Net supply change: -2,056,577
July
π° CAKE burned: 3,205,467
π₯ Net supply change: -2,531,151
CAKE Tokenomics β https://t.co/NNh51HvhH8
We need a good trustless onchain gas futures market.
(Like, a prediction market on the BASEFEE)
I've heard people ask: "today fees are low, but what about in 2 years? You say they'll stay low because of increasing gaslimit from BAL + ePBS + later ZK-EVM, but do I believe you?"
An onchain gas futures market would help solve this: people would get a clear signal of people's expectations of future gas fees, and would even be able to hedge against future gas prices, effectively prepaying for any specific quantity of gas in a specific time interval.
Michael Saylor says keeping your job, avoiding splurges, and using long-term mortgage debt to buy #Bitcoin could lead to 100x returns, with Bitcoin potentially worth $13M by 2045.
BREAKING: Michael Saylor responds to the MSCI index situation:
"MicroStrategy is not a fund, not a trust, and not a holding company. Weβre a publicly traded operating company with a $500 million software business and a unique treasury strategy that uses Bitcoin as productive capital," he says.
This comes after MSCI launched a formal consultation on how to classify "digital asset treasury companies (DATs)."
MSCI views such companies as more similar to investment funds rather than traditional operating businesses.
Why is this important? Investment funds and trusts ineligible for their flagship equity benchmarks like the MSCI USA Index and MSCI World Index.
If MSCI and others rule that MicroStrategy, $MSTR, is in fact an investment fund or trust, the resulting exclusion would be market-moving.
$MSTR is now down -70% from its high.