Popular DeFi Altcoin Made a Good Announcement for Its Users, Price Reacted Positively!

PancakeSwap, one of the popular decentralized exchanges, made a new announcement.

At this point, in the stock exchange statement announcing the 10% Transaction Fee Discount for $CAKE investors, he said:

“Exciting news for $CAKE Stakers!

We're launching our first transaction rewards program designed specifically for those who own veCAKE.

This special offer allows anyone with over 100 veCAKEs to receive a 10% discount on transaction fees. If you spend 100 $CAKE on transaction fees, you will get 10 $CAKE back!

To be a part of the program, you must have at least 100 veCAKEs by the end of the campaign.

The more $CAKE you stake and continue to stake, the more veCAKE you will get.”

After the announcement, $CAKE price started to rise.

*This is not investment advice.