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.