Introduction: Banks and the government are now corrupted, and they don't think of the people whenever they extort money for themselves. Even businesses have joined to now take what isn't theirs, which is the society's funds, ownership, rights etc. This has been as a result of the society participating in a centralized financial system instead of a system where everybody can operate it, and its works are transparent and made known to the public to see. Decentralized financial systems will bring a stop to extortion while providing a way for users to handle their funds, without the need for a middle man. Challenges are met every day of our lives, and this is usually caused by unpredictable situations from economic insecurity. And, this is inevitable, as we cannot foresee the challenges that is bound to appear. Cryptocurrencies and DeFi will provide a means that will work for everyone in the society. However, they are still in their growing phases, they have already begun to make changes to the society in general, and not only the crypto space. The society is aware of its motive and participating in it. This would be a very just alternative to the traditional financial operations that the society has struggled with for years now.
What is the Buckscake platform?
Buckscake is a unique DeFi project which aims to give to its members a taste of the Ethereum space, and this would be given to anyone who can control the internet, to show how easy users can be involved in this project. This Buckscake project is a unique one in the DeFi space, because of its ability to create a decentralized and transparent environment for its users through the use of smart contracts and its special token, the BKC tokens. Users can utilize BKC in a range of activities such as staking, yield farming etc, but would be carried out through its platform.
Features of Buckscake
- It is inflation-proof: The platform's token, BKC has strong influence on other tokens in the crypto space. Once a BKC token is exchanged, a small portion of commission goes to the farmers who charge it. This unique strategy of the Buckscake platform would encourage its users to hold and farm. The total supply of BKC tokens is 450,000, and there wouldn't be any more of it available once it is exhausted.
- It is controlled by the community: Buckscake possessors can vote for different proposals on Buckscake once they have staked their liquidity in their expected pools. The users of Buckscake makes a lot of decisions for both themselves and the platform, which includes specific options for farming, developer fees etc.
- It has a high liquidity: Users of Buckscake can place their tokens in the popular liquidity provider, Uniswap. The returns from the staked tokens are eventually farmed.
Profits are shared based on a special
distribution strategy. It resembles the liquidity of the LP token, and will be transformed into ETH-BKC, which will increase the value. The BKC tokens bought will be given to stakers and farmers of the platform.
For more information, kindly visit any of the links below
Website: https://buckscake.com/
Telegram bot: https://t.me/buckscake_bot
Twitter: https://twitter.com/bucks_cake
Telegram Hub: https://t.me/BucksCakeHub
Publishers Details :
Bitcointalk Username : Balili
Bitcointalk profile Link : https://bitcointalk.org/index.php?action=profile;u=2659344