BKC: Mining and farming made easy

Introducing BucksCake Defi

Defi system is speedily becoming the means of financial transactions in the globe. It is talking over the traditional finance and banking system which is centralized and has some issues which limit its services and growth.

Defi services are decentralized and built on smart contracts and blockchain technology which removes the activities of middlemen and traditional banking systems. The recent developments in the Defi system have attracted the attention of traditional finance policymakers who don't understand the Defi system and are trying to undermine it through regulatory policies. Nevertheless, the Defi have continued to grow through dialogue and cooperation with the regulatory bodies.

BucksCake was developed to power the development and provision of decentralized, easy, safe and permissionless financial services, especially on mining and farming activities. They have unique mining features that differentiate them from other Defi.

BKC platform is managed by a team that is well experienced in Defi services and human relations and the activities of the platform is audited regularly to ensure transparency and safety of users assets.

Staking

Users of BKC tokens buy and deposit BKC and other ERC20 based tokens for staking in the DApp. These tokens are staked for 72hours with a fixed interest. The users can withdraw the funds and accumulated interest at the end of the staking period, at any willing time they wish without any charges.

The number of users in the farming pool affects the commission earned. The higher the users, the lesser the commission and vice versa.

BKC Liquidity

BKC users deposit their tokens for mining in the platform. The deposited tokens are sent for farming in the Uniswap mining pool where it earn commission. A faction of these commissions are transmitted into ETH/BKC tokens which is later sold to the community. This process improves the value and liquidity of the platform. Thus, every purchased BKC must be staked for farming.

Inflation Hedge

The BucksCake management has a planned hedge that will protect the token against inflation. The transfer of each BKC token attracts a charge by the farmers. This discourages unnecessary transfer of tokens and protect the value of the tokens.

Community Influence

Holders of BKC staked for farming have influence on the control and governance of the community. They participate in voting decisions on the proposals of the platform.

Yield Farming

This is a process of creating wealth in the BKC platform. The platform allow its users to invest their funds in different mining pools to make profit. For instance, the Uniswap mining pool gives a fixed guaranteed profit depending on the level of liquidity provided to its pool.

Users who deposit funds on Uniswap are given UNIv2(BKC-ETH2) tokens, which is sent to their wallet and which grants them access to the farming pool. The user adds the BKC-ETH2 tokens as participatory funds to the Uniswap liquidity pool for farming. The UNIv2 tokens are also added to Metamask to enable the users visit BKC farming DApp through their wallet. These tokens are rewarded with BETH2 tokens as commission.

About Token

BKC is the basic token of the BucksCake platform. It is a Etherum ERC-20 based token.

The management will supply 450,000 BKC tokens to the platform which will be distributed in the following;

USEFUL LINKS

https://buckscake.com
https://t.me/BucksCakePublicChat
https://buckscake.com/whitepaper.pdf
https://etherscan.io/token/0x776453a2afd938d80998e9ee8c8dcd89a4b857ee?a=0xc9ee86808dbcea1b9c9be689e7903d9079a3f99b

AUTHOR DETAILS

BITCOINTALK USERNAME - Cinna

BTT PROFILE LINK - https://bitcointalk.org/index.php?action=profile;u=2890565

BTT PROVE OF AUTHENTICATION - https://bitcointalk.org/index.php?topic=5322052.msg56652387#msg56652387

TELEGRAM USERNAME - @cinna