More thoughts on CakePop IDO

This was an interesting experiment, the first "initial decentralized offering" of its kind, raised funds and dropped CakePop, but what is most interesting is not just that 93% of the coins were centralized in the top 20 accounts and just 104 addresses are earning Cake dividends, but that $125k worth of the CUB supply was burned in the process making CUB more scarce. The next few IDOs are going to burn more tokens and increase demand for CUBs for those wanting to participate in future IDOs.

CakePop | CakePop Chart | Swap Now | Cakepop.app

CakePop Out Of The Oven

CakePop IDO happening now

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