BUCKSCAKE - DEFI PLATFORM FOR STAKING

ABOUT 

History shows that banks, governments and financial systems are corrupted and sensitive to changes of the global economic situation. BucksCake aims to offer our users decentralized financial system by offering decentralized, more transparent and economically viable blockchain-based services in place of the services traditionally provided by centralized institutions We face challenges and uncertainties every day as a result of unpredictable global events that cause economic turmoil and instability. So there is a growing need for a decentralized, comprehensive and reliable financial system that works for everyone. Still in their infancy, cryptocurrencies and decentralized financial systems are proving that there is an impartial alternative to traditional financial services that are provided to everyone, especially those who need them.

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 got access on the unified BucksCake platform.

FEATURES

1. 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.

2. INFLATIONPROOF

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.

3. COMMUNITY CONTROLLED

BKC holders will be able to vote on various proposals as long as they have staked liquidity in the pools. Community will decide everything from developer fees and site design to access to specific farming options.

DISTRIBUTION

Initial BKCs will be distributed during a pre-sale event, during which a part of received ETH will be swapped for BKC giving the project its first “price pump”. After the pre-sale ends, undistributed 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. Undistributed BKC 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 locked forever

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. 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 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.

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.

VAULT RETURNS

User A’s Share: (UNI-V2 deposited by you I contract’s 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

WHY BUCKSCAKE?

Thanks to Decentralized Finance (DeFi), BucksCake offers users the ability to earn money by Staking, Yield Farming and Cloud Mining on our single platform without risk of losing their funds. The security of our users’ funds is a biggest priority for all our team.

We believe that our user is main active for our success. This belief naturally means the importance of providing quality decentralized financial services, security, transparency and ease of use.

BKC TOKENS

BKC IS an ERC20 token and is used in every service available on BucksCake.

The maximum supply is 450,000 BKC tokens. Tokens are deflational and burn The mechanism will destroy tokens that are being farmed and staked after a while, leaving the last number of tokens (450,000-90,000) tokens.

In total, up to 90,000 tokens will be removed from the ecosystem and reported this will be published in our community.

TOKEN ALLOCATION

• Pre-sale: 94,500 BKC – 21%
• Community: 135,000 BKC – 30%
• Staking: 90,000 BKC – 20%
• Liquidity Lock: 90,000 BKC – 20%
• Marketing: 9,000 BKC – 2%
• Team: 22,500 BKC – 5%
• Reserve: 9,000 BKC – 2%

CLOUD MINING

For the last year, miner’s earnings have grown significantly. Our platform allows you to get profit from mining without purchasing additional equipment. To start earning you need:

• SIGN UP AND MAKE A DEPOSIT
• In BKC, ETH, WBTC, USDT, DAI, USDC or BNB.
• CHOOSE YOUR MINING PLAN
• Three Plans are Available.
• WATCH YOUR PROFIT
• You Can Take Your Profit Whatever You Want.

ROADMAP

Q1
BKC Creation Pre-sale
Staking and Farming Pool launch Marketing Liquidity Lock Listing on Exchanges Cloud Mining Launch

Q2
Marketing
Audits
ETH 2.0 Staking
BKC Burn & Buyback

Q3
Audits
New Partnerships
E-commerce
Farming Expansions

Q4
Partner / Marketing Outreach Idea / Project Conception Product Research
Audits

FOR MORE INFORMATION CLICK LINKS BELLOW: 

Website: https://buckscake.com/
Whitepaper: https://buckscake.com/whitepaper.pdf
Telegram: https://t.me/BucksCakePublicChat
Twitter: https://twitter.com/bucks_cake

Author

Username Bitcointalk: Purwanto tegal ke1

Profile link Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=2380098

ETH: 0x42895c9907997c02a93F1DA244aE7d73Bb54CdA3