Introduction: Centralized systems include banks, governments, some organizations. This centralized systems have a way for going about their financial activities, and this doesn't usually favor the holder of the funds. Decentralized systems will provide options that isn't available in centralized systems, and of course, bring in more rewards for the holders of the funds. Centralized systems are mostly influenced by different global situations which can be unpredictable most times. But, in the case of decentralized systems, it doesn't affect their operations like it does in centralized systems.
The Buckscake platform would make it easier for users by providing decentralized services on their platform. These services would also be economically suitable for users unlike in centralized systems.
What is Buckscake?
The Buckscake platform is a Decentralized finance platform that has brought the Ethereum experience to members that can access the internet. It is a professional platform that has brought forward a fair experience to members of their platform. This experience would be brought to pass by the use of smart contracts and their token, BKC. Many services will be made available for users on the platform such as liquidity mining and staking.
Products of Buckscake
- Staking: Buckscake will allow users of their platform stake their platform's token including some specific tokens. Users can stake using a staking DApp that has been made accessible by Buckscake. These tokens will be locked by the staking DApp for 72 hours, and during this period, members will be able to access their tokens. The staking DApp is a feature on the official Buckscake website. Buckscake platform will not follow the methods of other platforms when rewarding their users for staking. They have a fixed reward for stakers, unlike in other platforms where stakers are rewarded with a high APR first off. This APR reduces with time, so it is not ideal for stakers, which has led to Buckscake taking another route in rewarding stakers on their platform. Any deductions made with the BKC token means that it would stay for a long time, owing to the token's structure. This is because there will not be a chance for minting of the BKC tokens, and the fixed 450,000 unit remains.
Staking will be made easier and quicker for stakers on the Buckscake platform. The lockup period of the stakes tokens is 72 hours, before stakers can now enjoy their profits from their staked BKC or accepted tokens. They would be able to access their profits once their staking period is finished. - Liquidity mining: The liquidity mining option on DeFi is one of the most beneficial services, and most rewards can be found here. Liquidity mining is used to obtain the rewards gotten from investing funds. Users on BKC platform can earn rewards once they stake their liquidity in different pools. LPs will be awarded by Uniswap commissions. If a user puts in enough tokens, he/she would be expecting larger profits, compared to users who have invested lesser tokens.
Learn more about the project:
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
AUTHORS INFORMATION :
Bitcointalk Username : Pona
Bitcointalk profile link : https://bitcointalk.org/index.php?action=profile;u=2844964