Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Forget it, let's calculate CAKE's burn records for this week. Why doesn't this data add up? Where did the project team hide the money?
This week, PancakeSwap (CAKE) announced the burn data, with a total of 610k tokens burned. At first glance, it seems like the deflation is continuing, but I did a quick check and found that there's a lot of water in these numbers; they don't match at all!
Everyone remember, when CAKE's weekly revenue was often over ten million dollars, the weekly burn was only a few hundred thousand tokens. Logically, if the burn wallet follows a "half store, half spend" pattern, during weeks when revenue exceeds ten million, the burn should have exceeded one million tokens. But why was it kept so low back then? I'm puzzled—did the project team hide that part of the money?
Let's look at this week's data directly with some rough calculations:
This week’s revenue is $4.5 million, and at an 8% burn rate: 4.5 million ✖ 8% = $360k (approximately equivalent to 360k CAKE tokens).
But how much was actually burned this week? 61,000 + 22,500 ✖ 7 days = 767,500 tokens.
Subtract the expected burn from the actual burn: 767,500 - 360,000 = 407,500 tokens!
Where did this extra 400k CAKE tokens come from?
Looking at last week's records, the hole becomes even more obvious:
Last week, a total of 530k tokens were burned. According to the original calculation method, the theoretical remaining balance in the burn subsidy wallet should be only 270k tokens (which, multiplied by 1.6, is roughly worth $432k).
But! The extra burn subsidy balance calculated just now for this week is as high as 400k tokens! Suddenly, there's a discrepancy of 130k tokens.
This is very strange: the wallet originally only had 270k tokens, but now it somehow burned an additional 400k. I can't help but ask:
Did the project team secretly change the burn rules or ratios?
Or did they use some undisclosed hidden wallet to fudge the data?
The money that was withheld when revenue was over ten million—has it been secretly released now?
The crypto market values transparency; if the accounts don't add up, how can investors trust?
Can someone knowledgeable or an insider come out and explain where this extra 130k CAKE tokens came from?
Let's not let our trust turn into a confusing mess of unaccounted figures! $CAKE