Ethereum remains one of the most solid blockchain networks because of the wide range of features that it offers. From Decentralized Application (DApp) development to facilitating Decentralized Finance (DeFi) projects; the Ethereum blockchain has made innovative contributions.
As the Ethereum blockchain is setting the final roadmaps for the upgraded version, Ethereum 2.0, there is one project out there also trying to do wonders in the DeFi ecosystem.
INTRODUCING BUCKSCAKE
All that BucksCake wants to do have already been introduced by most of the Decentralized Finance (DeFi) projects. The only difference is that this time, we are looking at a platform that can implement those tools to the latter.
BucksCake is a platform that projects the wonders of Decentralized Finance while adding remodeled services to make it more attractive for the users.
FEATURES OF BUCKSCAKE
In this part of the article, I will explain some of the features that this project is introducing to the Decentralized Finance (DeFi) community.
1- BACKED BY SMART CONTRACT
Smart contract technology is the underlying code that backs decentralized transactions. This code performs a wide range of functions, such as decentralizing transactions, monitoring transactions until they are completed, as well as making the entire process transparent.
BucksCake uses smart contract technology to execute most of the services it has to offer. Also, the smart contract ensures that you have access to the powerful tokenization system.
2- INFLATION PROOF
Inflation is not limited to centralized and intermediary-based financial systems. It will interest you to know that inflation is also possible in the cryptocurrency industry, especially in the Decentralized Finance (DeFi) sector.
That informs the reason why BucksCake took an urgent step to hedge the services on the platform against inflation caused by the instability in the cryptocurrency market.
The primary method it does that is by taking a small commission for every transaction done with the BucksCake token (BKC). The commission is then transferred to the farmers as a way of rewarding them.
The strategy used here is aimed at encouraging the token holders to keep investing and holding the BucksCake token (BKC) because of the many potentials that will propel its value to shoot for the moon.
3- STAKE AND EARN
Staking your crypto assets is one of the ways to earn money as a cryptocurrency investor. It is suitable for investors who want to hold a crypto asset class for many months or years. Instead of leaving such an asset on their digital wallet, they rather stake it and earn passive income.
BucksCake offers you the same opportunity via the BKC Staking Protocol that allows you to stake a wide range of asset classes, including Wrapped BTC (WBTC), Ethereum, USDC, USDT, and DAI.
You can stake for a minimum period of 3 days or 72 hours, after which you are free to withdraw both the crypto-asset you staked and the profits it made.
CONCLUSION
Redefining how cryptocurrency investors will get access to Decentralized Finance (DeFi) is the goal of this project – BucksCake. With the implementation of its plans and the rolling out of new features, I am confident that the project will achieve all that it set out to achieve.
USEFUL LINKS
BucksCake's Telegram Group: https://t.me/BucksCakePublicChat
BucksCake's Telegram Channel:
https://t.me/BucksCakeHub
BucksCake's Homepage:
https://buckscake.com
BucksCake's Twitter:
https://twitter.com/bucks_cake
AUTHOR
Bitcointalk Username- Dividesug
Bitcointalk Profile- https://bitcointalk.org/index.php?action=profile;u=2767685;sa=summary