WHAT IS BUCKSCAKE?

 

The presence of cryptocurrency over the past few years has cause a rapid and an ongoing growth in the financial sector and presently the cryptocurrency industry worth more billions of dollar. Cryptocurrency is a term used to describe various coin in the digital market. Cryptocurrency is designed to act as a medium of exchange instead of using paper money, a digital coin is being used as a means of exchange for goods and services. The cryptocurrency system protects the information of clients in the digital market, it verify transactions in the market using a cryptographic algorithm with a full speed. The use of cryptocurrency is the most preferable and easiest way of paying in a cashless society because it requires little trading fees, their is privacy of users, fast transactions, no government rule, law and policy can disrupt the growth of the digital market.


Now let talk about BUCKSCAKE a project i know that has a vision and mission that if you invest you wouldnt regret

WHAT IS BUCKSCAKE?

BucksCake as a smart exchange platform is a cutting-edge Erc20 blockchain DeFi Based exchange platform. on the other hand, Decentralized finance (otherwise known as DeFi) is a blockchain based form of finance that does not rely on central financial intermediaries such as brokerages, exchanges, or banks to offer traditional financial instruments, and instead utilizes smart contracts on blockchains, the most common being Ethereum.

BucksCake has an exceptional power to redefine the view of all investors in the World of DeFi in a way that offers the best services ever in terms of earning money through staking , yield farming and cloud mining on the platform with simply zero risk of loosing their investments.

Feature of BucksCake:

1) Ultra-liquid: Consumers are involved in putting their tokens with Uniswap's liquidity provider. Credits from these tokens are being farmed. The proportion of such commissions shall be allocated according to an independent policy, such as the liquidity of the LP token, and shall be transformed into (ETH-BKC) buybacks (increasing the price). Any bought tokens of the BKC will be sent to the stakers/farmers.

2) Inflation Proof: The BKC has a clear effect on each token. Any time the BKC token is exchanged, the farmers are paid a small reward. This mechanism of work promotes planting and farming. The maximum number of BKC tokens is 450,000. And there's never going to be any like them.

3) Community control: BKC holders would be allowed to vote on different plans as long since they have a share of liquidity in the pools. The Group can decide anything from developer charges and site construction to connections to unique farm choices.

BKC Token

BKC is an ERC20 token and is used in every service available at BucksCake. The maximum supply is 450,000 BKC tokens. Tokens are deflationary and the burning mechanism will destroy tokens that are being farmed and staked after a while, leaving the final token amount (450,000-90,000) tokens. In total, up to 90,000 tokens will be removed from the ecosystem and reports will be published in our community.

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Token

BKC BKC is the token ERC20 and used by all the services provided by BucksCake. The maximum supply is 450,000 BKC tokens. Tokens can shrink and the incineration mechanism destroys the farm and stakes tokens after a while, leaving the final token amount (450,000–90,000) in tokens. A total of 90,000 tokens will be removed from the ecosystem and a report will be posted to the community.

Token Distribution

Initial BKCs will be distributed during a pre-sale event, during which a part of the received ETH will be swapped for BKC giving the project its first “price pump”. After the pre-sale ends, Unsold BKCs will be distributed between users as a one-time subsidy. As marked earlier, BKC doesn’t have mining capability, the BKC cap (450,000) is fixed forever. There is no way to release more BKC. Part of unsold BKCs will be used to add liquidity to other DEX platforms such as SushiSwap, and some of them will be handed out as Airdrop to first investors and media partners and some will be burned.

Token Staking

The BKC staking protocol allows users to stake ETH, USDT, DAI, USDC, WBTC, BNB(ERC20) and of course BKC using a specialized Staking DApp. By a locking period of 72 hours, users can directly control their own tokens. The BKC Staking DApp can be found at: ssilka Unlike other platforms, BKC offers a fixed % return on their staked assets rather than offering an introductory high APR, which usually diminishes over a while. Our deductions guarantee long-term stability with the current state of the token structure and a limited amount of 450,000 BKC as there is not a mint provision in our token contract.

Staking on our platform is designed to be as fast and understandable as possible. With a single lockup period of 72 hours, users can enjoy the benefits of taking on our platform. Users can withdraw their funds with the received profit at any time after the end of the lockup period. Earned rewards can be collected without any commissions, excluding the gas price at a present time. Staked tokens on our platform will decrease the available circulating supply, which will have a positive impact on the BKC price.

Yield farming

Yield Farming, or as some call it Liquidity Mining, is the main pillar of DeFi’s advancement in the blockchain space. Yield Farming is a way to accumulate income from invested funds. BKC Farming allows you to earn rewards for providing liquidity in various liquidity pools. Users will be provided with guaranteed payouts from Uniswap commissions. The amount of the reward depends on the number of tokens provided for the liquidity of the pool. The more members join the pool, the less each member will receive in the long term. When you add liquidity to the pool, you receive a UNIv2 (BKC-ETH) token for the wallet you use to add liquidity. This token is your access to the current farming pool on the BKC platform.


Vault Returns

User A’s Share: (UNI-V2 deposited by you I contract total balance of UNI-V2) For example if there are 9000 UNI-V2 (BKC/ETH) Pooled tokens in this Vault, and a user deposits 1000 UNI-V2. The contract’s total balance of UNI-V2(BKC-ETH) Pooled tokens becomes 10,000. And User A’s share now is: 1000 / 10,000 = 10 % If user “B” deposits 10000 more UNI-V2(BKC-ETH) Pooled tokens to this vault, the contract’s total balance of UNI-V2(BKC-ETH) Pooled tokens becomes 20,000. User A’s new share becomes: 1000 / 20,000 = 5% If 200 BETH2 tokens are distributed to this vault per month, User A’s earnings would be 200 x his share in % At 5% share, the earnings would be 200 x 5% = 10 BETH2

Road Map

Website: https://buckscake.com

Whitepaper: https://buckscake.com/whitepaper.pdf

Twitter: https://twitter.com/bucks_cake

Telegram Group: https://t.me/BucksCakePublicChat

#BucksCake #BKC #eth2 #defi

Author : samuel321

Bitcointalk username:Samuel321

Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1925101

Telegram: @raisingstars

ETH ADD-0x5B606c2F10687e77dc7Fe644E429320C6a39Df63

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