Overview:
Bitcoin is a form of money that isn't controlled by any central bank or government. It can be transferred to anyone from anyone around the world without the need of a bank or a financial institution. Bitcoin is Decentralized money. However, transferring money is only the first of many building blocks in a financial system. Aside from sending money to one another, there are a variety of services we use today for example loans, saving plans, insurance, and stock markets are all services are built around money and together create our financial system.
Today our financial system and all its services are completely centralized. Banks, stock markets, insurance companies, and other financial institutions all have someone in charge, whether it be a company or a person that controls and offers these services. This centralized financial system or CEFI has its risks- mismanagement, fraud, and corruption to name a few. But what if we could decentralize the financial system as a whole in the same way, Bitcoin decentralized Money? That's exactly what DeFi is all about.
DeFi is a term given to financial services that have no central authority or someone in charge. Using decentralized money like certain cryptocurrencies that can be programmed for automated activities we can build exchanges, lending services, insurance companies, and other organizations that don't have an owner and aren't controlled by anyone.
What is Buckscake Defi?
BucksCake plans to offer clients a decentralized monetary framework by offering decentralized, more transparent, and financially feasible blockchain-based administrations instead of the administrations given by the traditional financial ecosystem. BucksCake offers users the ability to earn money by Staking and Yield Farming on our single platform without the risk of losing their funds. The security of our users' funds is the biggest priority for the team.
The main focus of our team is Transparency and Security
Transparency - BKC token contracts and smart contracts will be reviewed by the best audit companies.
Security - Team tokens, consultant tokens, and marketing tokens will be securely stored in a smart contract with a limited expiration date. Initial liquidity tokens will be blocked on Uniswap, and their address will be published to all users.
WHY BKC?
BKC is a DeFi protocol that aims to provide maximal recoil of the Ethereum ecosystem for everyone with access to the internet. BKC is unique by it's providing a completely secure and transparent experience proved by smart contracts and a powerful token system. BKC offers a lot of services, ranging from staking and yield farming, that users can get access on the unified BucksCake platform.
BucksCake's Features:
Ultra - Liquid - Users are interested in placing their tokens with the liquidity provider Uniswap. Commissions from these tokens are farmed. The percentage of these commissions is distributed according to an autonomous strategy, like the liquidity of the LP token, and is converted into (ETH-BKC) buyback (increasing the price). Any purchased BKC tokens will be delivered to stakers/farmers.
Inflation Proof - BKC has a strong impact on every token. Every time BKC token is transferred, a small commission is charged straightly by the farmers. This mechanism of work encourages holding and farming. The maximum number of BKC tokens is 450,000 units. And there will never be more of them.
Community controlled: BKC has a strong impact on every token. Every time BKC token is transferred, a small commission is charged straightly by the farmers. This mechanism of work encourages holding and farming. The maximum number of BKC tokens is 450,000 units. And there will never be more of them.
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.
Staking and Yield farming on BKC Platform:
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.
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
How BucksCake Staking is different?
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 staking 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.
How BucksCake Farming is different?
To start farming, the user must add BKC/ETH to the liquidity pool on Uniswap. For providing liquidity, you will earn commissions directly from Uniswap and will be rewarded with UNIv2 (BKC-ETH) tokens. These will be the same tokens that you will use while farming to get BETH2. In order to see the UNIv2 tokens you have mined, you will need to add this token to Metamask. Once the tokens are added, you can visit the BKC Farming DApp, connect your wallet and use UNIv2 tokens to earn BETH2 tokens. These BETH2 tokens will be converted to ETH2 tokens at the launch of Ethereum 2.0.
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
BKC Token
BKC is an ERC20 token and is used in every service available on BucksCake. The maximum supply is 450,000 BKC tokens. The token is deflationary and the burning mechanism will destroy the tokens that are on farming and staking after a while, leaving the final number of tokens (450,000-90,000) tokens.
In total, up to 90,000 tokens will be removed from the ecosystem and a report on this will be published in our communities.
Roadmap
Conclusion:
BucksCake is a stable and secure Defi platform that ensures the steady growth of your wealth using decentralized mechanisms where no other third party has control over your money. The platform is so transparent and safe that investors will have peace of mind after investing.
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
#Proof of Authentication:
Bitcointalk Username: Decimated08
Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=2922116
Telegram: @Superindian46
Wallet: 0x9138d2a99b47fF2A98927fEBF620C622939a6E66