Review BucksCake is a DeFi protocol that aims to provide maximal recoil of the Ethereum ecosystem.
Hello all. On this occasion I will explain a very extraordinary project and this project will provide a solution for all of us. And in the midst of the Covid-19 pandemic, friends, not all business sectors have been affected by friends, but some are increasingly showing an increase in terms of income. One of them is the DeFi project. This project was developed in 2019.
This can be done by DeFi because the smart contract technology behind it allows developers to build functionality that is much more sophisticated than simply sending or receiving digital currency. DeFi can be a global alternative to any financial service in use today. For example, savings, loans, trade, insurance and others can be accessed by anyone in the world only by using a smartphone and an internet connection.
What is BucksCake?
BKC is a DeFi protocol that aims to provide maximum weaknesses to the Ethereum ecosystem for everyone with access to the internet. BKC is unique in that it provides a completely secure and transparent experience as evidenced by its smart contracts and strong token system. BKC offers a wide range of services, from betting and agricultural produce, which are accessible to users on the unified BucksCake platform.
BucksCake privilege
ULTRA - LIQUID: Users are interested in placing their tokens with Uniswap liquidity provider. Commissions from these tokens are processed. This commission percentage is distributed according to an autonomous strategy, such as the liquidity of LP tokens, and is converted into a buyback (ETH-BKC) (increasing the price). Every BKC token purchased will be sent to the staker / farmer.
INFLATION RESISTANCE: BKC has a strong impact on every token. Every time BKC tokens are transferred, a small commission is charged directly by the farmers. This mechanism of action promotes maintenance and agriculture. The maximum number of BKC tokens is 450,000 units. And there will never be more of them.
COMMUNITY CONTROLLED: BKC holders will be able to vote on various proposals as long as they stake liquidity in the pool. The community will decide everything from developer fees and site design to access to certain farming options.
Agricultural product
Yield Farming, or as some call it Liquidity Mining, is a major pillar of DeFi's progress in the blockchain space. Yield Farming is a way to collect income from invested funds. BKC Farming allows you to get rewarded for providing liquidity across multiple liquidity pools. Users will be given a guarantee of payment of Uniswap commissions. The amount of the prize depends on the number of tokens provided for pool liquidity. The more members who join the base, the less each member will receive in the long run. When you add liquidity to the pool, you receive UNIv2 tokens (BKC-ETH) for the wallet you use to add liquidity. This token is your access to the current farm pool on the BKC platform.
Attack
The BKC staking protocol allows users to stake ETH, USDT, DAI, USDC, WBTC, BNB (ERC20) and of course BKC using a special Staking DApp. With a lockout period of 72 hours, users can immediately 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 decreases over a period of time. Our cuts ensure long-term stability with the current state of the token structure and a limited amount of 450,000 BKC as there are no printing requirements in our token contracts.
Staking on our platform is designed to be as fast and easy as possible. With one lockout period of 72 hours, users can enjoy the benefits of staking on our platform. Users can withdraw their funds at any time after the lockout period has ended. Prizes earned can be collected without any commission, excluding current gas prices. The token staked on our platform will reduce the available circulating supply, which will have a positive impact on the BKC price.
Vault Returns
Part A user: (UNI-V2 is kept by you, I am contracting the total balance of UNI-V2) For example if there are 9,000 UNI-V2 (BKC / ETH) tokens collected in this Vault, and the user deposits 1000 UNI-V2. The total balance of token contracts collected by UNI-V2 (BKC-ETH) is 10,000. And User A's current share is: 1000 / 10,000 = 10% If user "B" deposits another 10,000 UNI-V2 (BKC-ETH) Tokens collected into this vault, the total balance of the UNI-V2 Token (BKC-ETH) contract is collected to 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 will be 200 x his share in% In 5% share, his earnings will be 200 x 5% = 10 BETH2.
Distribution
The initial BKC will be distributed during the pre-sale event, where a portion of the ETH received will be exchanged with the BKC that shipped its first "price pump" project. After the pre-sale ends, unsold BKCs will be distributed among users as a one-time subsidy. As indicated earlier, the BKC has no mining capability, the BKC limit (450,000) is fixed forever. There's no way to release more BKCs. The part of the unsold BKC will be used to add liquidity to other DEX platforms such as SushiSwap, and some of this will be distributed as an Airdrop to the first investors and media partners and some will be burned.
Token BKC
BKC is an ERC20 token and is used in every service available at BucksCake. The maximum supply is 450,000 BKC tokens. Tokens are deflational and the burning mechanism will destroy tokens that are being cultivated 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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