SAKE Token Reduction
According to the SAKE on-chain mining mechanism, the daily SAKE supply is reducing from 96,000 SAKE to 64,000 SAKE. As the governance token, SAKE is also used to incentivize liquidity providers, allowing them to earn interests in terms of providing liquidity on SakeSwap.
Tokenomics of Deflation
Data from Etherscan shows that there are a total of 2,173,231 SAKE burned which are worth over $1,000,000.
With the development of SakeSwap and SakePerp dual DeFi protocols, higher trading volume brings more SAKE burning and rewards for SAKE holders. The SAKE reduction and deflation can increase SAKE’s relative scarcity significantly.
SAKE can entitle liquidity providers and traders to continue earning the benefit of the protocol development, and maintain the long-term value for Sake token holders with the tokenomics of deflation.
More about SAKE
SAKE is the first governance token in DeFi that supports both spot market and futures market with SakeSwap AMM DEX and SakePerp Perpetual Contract.
SakePerp BSC Testnet: http://sakeperp.fi
SakeSwap BSC Farming: https://bsc.sakeswap.finance/#/farm-v2
SakeSwap Ethereum: https://sakeswap.finance/
SakeSwap Info: https://info.sakeswap.finance/
Twitter: https://twitter.com/sakeswap
Medium: https://medium.com/@sakeswap
Discord: https://discord.gg/uYFVyNX
Telegram: https://t.me/joinchat/RKkt2Oi4_4sxkXbF
WeChat: SakeSwap
Audit: https://sakeswap.finance/SAKEen.pdf
Github: https://github.com/Sakeswap/sakeswap-protocol
Useful Tutorials: https://www.youtube.com/playlist?list=PLMAvf3CWmVcaQnE-JgomMNsCkzhVvWwpc
