What is Baby Cake?
Baby Cake (BABY CAKE) is a decentralized finance (DeFi) reflection token built on the Binance Smart Chain (BSC). The project was launched with the goal of simplifying DeFi for the masses with its easy-to-use 3-click app. DeFi is a complex system that removes intermediaries and banks from financial markets, making it difficult for novice users to navigate. Baby Cake aims to help people earn passive income from DeFi, even if they are unfamiliar with the space.
Baby Cake is a reflection token that pays out dividends in $CAKE, the premier BSC Swap on the market, instead of its own token. To encourage holding and prevent whale manipulation, there is a 10% tax on all sales, with an additional 1% fee. The tokenomics are subject to change based on market conditions. The 10% tax is distributed as follows: 3% is redistributed to holders, 3% is used to fuel the liquidity pool, and 4% is allocated to the Marketing wallet.
To earn dividends, holders need to hold Baby Cake in their wallet and earn passive income in $CAKE. The auto-claim feature allows CAKE rewards to be automatically sent to the holder's wallet. The amount of dividends received depends on the volume and proportion of Baby Cake held in the wallet.
Baby Cake's contract is certified by Certik, a renowned blockchain security firm known for its contract security standards. The contract ensures that all $CAKE tokens gained by the contract are split proportionally between token holders. A minimum balance of 200,000 Baby Cake tokens must be held to receive dividends, and the contract tracks all dividends for each holder in the list. Each transaction operates on a certain number of users from the list, and the number of holders handled by each transaction is variable and determined by transaction size. The dividends that the holder receives from the queue is based on their position in the list. This creates a fully automated and fair system.
The liquidity pool of Baby Cake has been locked with DxLock for over a year. DxLock is a cross-chain decentralized token and LP locker available for ETH and BSC.
Baby Cake was launched on PancakeSwap Exchange on July 17, 2021, with no presale or ICO. Anyone could purchase Baby Cake from the launch. The founder of Baby Cake, "Monk," doxed himself in a video when BabyCake hit a $50 million market cap. In October 2021, he further doxed on the declaration of BabyCake being a platinum sponsor at the Dubai Crypto Expo Conference and Global DeFi Investment Summit. Frank is the newly appointed CEO who is also fully doxed.
In conclusion, Baby Cake is an innovative DeFi project that aims to make DeFi accessible to everyone. Its easy-to-use 3-click app, reflection token design, and Certik-certified contract make it a secure and reliable investment option for those looking to earn passive income from DeFi. With its commitment to transparency and fair distribution of dividends, Baby Cake is a promising project in the world of DeFi.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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