BucksCake’s Platform: Review
Hay everyone my name is Bimal. Today i am going to introduce you ta a new project which is really awesome i am sure you will like it. Today’s blog is about BucksCake’s which is ETH 2.0 Ready DeFi Platform for Staking, Yield Farming. Now let’s start.
⚫ INTRODUCTION.
There are many crypto projects on the market today that are technologically advanced, have interesting economic models or ideological backgrounds, but very few of them were created to meet the urgent business needs of commercial enterprises in the real world. This leads to very little adoption of cryptocurrencies in the real business world.
Since the birth of Bitcoin, the modern market has seen a massive influx of Blockchain Technologies. It's been a decade now, but the adoption of technology in the mainstream enterprise process is still limited by the lack of requirements for scalability, flexibility, privacy, and security. Tech giants such as Amazon, IBM, Microsoft and Oracle are competing to develop a Blockchain-as-a-service (BaaS) solution that allows both large enterprises and companies to implement, build and customize their own centralized / decentralized application concepts. The new generation of Blockchain Technology is built to address the above challenges and is ready for mass adoption in the future.
⚫ About BucksCake
BKC is a DeFi protocol that aims to maximize the value of the Ethereum ecosystem for everyone with access to the Internet. BKC is unique in providing a completely secure and transparent experience backed by smart contracts and a powerful token system. BKC offers a variety of services ranging from staging and growing crops that users can access on a single BucksCake platform.
⚫ WHY BUCKSCAKE?
Thanks to Decentralized Finance (DeFi), BucksCake offers users the ability to earn money by Staking, Yield Farming and Cloud Mining on our single platform without risk of losing their funds. The security of our users’ funds is a biggest priority for all our team.
We believe that our user is main active for our success. This belief naturally means the importance of providing quality decentralized financial services
⚫ Distribution of tokens
The initial BKC will be distributed during a pre-sale promotion where a portion of the ETH received will be exchanged for BKC, which is supplying its first "price pump" project. After the end of the pre-sale activities, the unsold BKCs will be distributed to users as a one-time subsidy. As stated earlier, BKC has no production capacity, the BKC cap (450,000) is permanently set. Cannot release more BPC. Some of the unsold BPC will be used to add liquidity to other DEX platforms such as SushiSwap, and some will be distributed as an airdrop to early investors and media partners, and some will be burned.
Bets & BKC staking protocol allows users to bet ETH, USDT, DAI, USDC, WBTC, BNB (ERC20) and of course BKC using a dedicated DApp Staking. With a 72-hour lockout period, users can immediately manage their own tokens. BKC Staking DApp can be found at: ssilka Unlike other platforms, BKC offers a fixed% return on its assets, rather than offering an introductory high APR that usually decreases over time. Our reductions provide long-term stability with the current state of the token structure and a limited amount of 450,000 BKC as there are no mint terms in our token contracts.
The bet on our platform is designed to be as fast and simple as possible. With a one-time lock within 72 hours, users can enjoy the benefits of staking on our platform. Users can withdraw their funds at any time after the end of the blocking period. Prizes earned can be collected without any commission, excluding current gas prices. The token glass on our platform will reduce the available circulating supply, which will positively affect the BKC price.
⚫ Further growth
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 your investment. BKC Farming allows you to receive remuneration for providing liquidity in various liquidity pools. Users will be 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 run. When you add liquidity to the pool, you receive a UNIv2 token (BKC-ETH) to the wallet that you use to add liquidity. This token is your access to the current farm pool on the BKC platform.
⚫ Return to storage
User A’s share: (UNI-V2 deposited by you) Total UNI-V2 balance under the contract) For example, if this Vault has 9000 UNI-V2 (BKC / ETH) Total UNI-V2 balance, and the user deposits 1000 UNI- V2. The total balance of UNI-V2 (BKC-ETH) in this Vault becomes 10,000. And the share of user A is now: 1000 / 10,000 = 10% If user "B" contributes 10,000 more UNI-V2 tokens (BKC-ETH) to this storage , then the total contract balance for UNI-V2 tokens (BKC-ETH) in this storage will be 20,000. User A’s new share becomes: 1000 / 20,000 = 5% If 200 BETH2 tokens are distributed to this storage per month, then User A’s earnings will be 200 x his share in% At 5% share of earnings will be 200 x 5% = 10 BETH2
⚪Additional Information
Telegram Chat: https://t.me/BucksCakePublicChat
Website: https://buckscake.com/
Telegram Bot: https://t.me/buckscake_bot
Twitter: https://twitter.com/bucks_cake
Telegram Hub: https: //t.me/BucksCakeHub
Prize Strand: https://bitcointalk.org/index.php?topic=5322052.0
Whitepaper: https://buckscake.com/whitepaper.pdf
⚪Author
Bitcointalk username: Bimal2022
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2892610
Telegram: @bimal1665
ETH Address: 0x70cc0D181aa54A0AE5050c51dFA2A2196A075600
