BUCKSCAKE

BucksCake - ETH 2.0 Ready
DeFi Platform for Staking, Yield Farming, Cloud Mining and Exchange.


● 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 got access on the unified BucksCake platform.


● 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.

▶ 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.

▶ 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: http://buckscake.com/staking 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.

To start farming, 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 conveted to ETH2 tokens at the launch of Ethereum 2.0.


● BKC Token

BKC is an ERC20 token and is used in every service available on BucksCake. Maximum supply is 450,000 BKC tokens. Token is deflational 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

▶ 2021 Q1: BKC Creation Pre-sale, Staking and Farming Pool launch, Marketing Liquidity Lock, Listing on Exchanges, Cloud Mining Launch.

▶ 2021 Q2: Marketing, Audits, ETH 2.0 Staking, BKC Burn & Buyback.

▶ 2021 Q3: Audits, New Partnerships, E-commerce, Farming Expansions.

▶ 2021 Q4: Partner / Marketing Outreach Idea / Project Conception Product Research, Audits.

______________________________________________


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Written by: Ninsel

Bitcointalk profil link https://bitcointalk.org/index.php?action=profile;u=2322006

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