First of all, everyone must know what betting is. It is the DEX held by Binance, the prince of Binance Chain, and the preferred product for Binance Chain transactions. Binance succeeds in projects and fails in Binance. In recent years, the delivery ability of betting has been extremely poor, and they have not done anything reliable. This has led to a change in Binance's attitude, and cracks have begun to appear in the relationship between the two.
Binance began to look for alternatives, launched Biswap_Dex, and invested in other DEX products. Bake also felt the crisis and began to migrate to the APTOS chain this year. A few days ago, the new proposal of betting on cakes also wanted to reduce the emissions from the syrup pool, reduce the emissions of CAKE, and allow users to mine fewer coins. This move successfully angered users.
I thought that you were no longer the only favorite of Binance for gambling, and you also wanted to touch my interests. The proposal was rejected by the user, and at the same time, the seeds of shipment were also buried in the hearts of the users. According to on-chain data, the pledged amount of CAKE dropped from 197.2 million to 193.7 million today, with 3 million CAKE unlocked. These large investors had deposited their money a year ago. When the time came, they unlocked the money and fled to smash the market due to the above reasons. 3 million units equals 9 million U.S. dollars, and the selling pressure is huge.
What are the chances? Pancake's retained funds will flow in other directions after being unlocked.
1: Go to BSC’s other DEXs such as: $BSW, $WOM and other projects
2: Flow to other chains. This is the last thing Binance wants to see. Binance will try its best to launch new projects to retain user funds. Then there is likely to be a new popular DEX. Brothers, be sure to pay attention.