What is Baby Cake (BABYCAKE) | What is Baby Cake token | What is BABYCAKE token
In this article, we’ll discuss information about the Baby Cake project and BABYCAKE token
BABYCAKE is the first CAKE reflection token. BABYCAKE is the next evolution of a yield-generating contract on the Binance Smart Chain (BSC): you get rewarded in CAKE instead of tokens. The mechanism incentivizes token holders to hold in order to earn dividends from the transactions (buys and sells).
What Our Community Thinks
Redistribution is based on percentage (in the contract), current token balance and number of holders. You receive more tokens automatically.
The token contract employs a static rewards system of 15% of every transaction split in three : 7% CAKE redistribution + 3% Liquidity pool + 5% allocated to Marketing.
7% Redistribution In CAKE: 7% of every buy/sell is taken and redistributed to all holders. Minimum 200,000 tokens.
Auto Paid Every 60 Minutes: Holders don’t need to claim their earned CAKE. It’s automatically sent to the wallets every 60 minutes.
BNB Smart distribution: For the first time ever, the holders don’t need to buy tokens to be able to receive their rewarded tokens on their wallets.
3% Auto Liquidity Pool: 3% of every transaction is transformed into liquidity for Pancakeswap. It’s automatic and helps create a price floor (stability).
Anti-Swing feature: Extra 1% fee is applied to all sells. This will allow us to reduce swing-trading and break whales’ control. Total sell fee = 16% (7% CAKE redistribution + 3% Liquidity pool + 5% Marketing/Buyback).
Secured By Design: Initial Liquidity Provided and Team tokens (5%) are locked with DXSALE for more than 6 months.
Marketing Fees: 5% of every transaction is allocated to Marketing in CAKE (swapped to CAKE in real time to avoid dumps). So we can fuel the most ambitious projects and reward our active community, on a daily basis.
Smart distribution mechanism: - The contract keeps track in an array of all token holders. - The contract keeps an index into the array for processing. - Every transaction processes a certain number of users, depending on the transaction size (bigger token transfers can process more, since the gas will still be proportionally less than the value of the tokens). -The token is based on a Dividend-Paying Token Standard, which means all CAKE the contract gains will be split equally proportionally to the token holders. -When a user is processed, the contract checks how many withdrawable dividends they have, and if it is above the minimum threshold for auto-claims, will either automatically claim those dividends for CAKE, or automatically buy back tokens for them. -This system is fully automated and doesn’t add minimal gas fees proportional to value transferred. -The number of holders processed through each transaction is dynamic and based on transaction size. -Holders will receive dividends from the queue based on their position in the array. It’s a fair system, fully automated.
Token Metrics
Fair Launched - Zero Bots
No Private Sale
No Whitelist
No Pre-sale
Transaction Fees
Buy & Sell Tax: 15%
7% is used to purchase CAKE which is automatically paid out in dividends to holders
5% is split between the buy back mechanism and the team/marketing fund. Marketing Fund which is 1.5% can be used in extreme circumstances to correct market volatility.
Liquidity Locked: 100% - Unlock Date : 1 Year
Total Supply: 100 000 000 000
Earn Cake Passively by Holding BabyCake!!
The Normal Questions
Will my rewards always be paid hourly?
Our unique reward system is triggered by volume (buy + sell activity to cover gas fees)
Pay-outs to holders may not occur every hour if trading volume is low. When this is the case, the amount of rewarded CAKE each holder will receive does not decrease
However, will accrue over a longer period of time until it is suitable for a pay-out to trigger (usually a few hours)
Will the Baby Cake team be doxxing?
Baby Cake Co-Founder, Monk, will be Doxxing at $100M
Furthermore, initial liquidity provided will be locked with DxSale for more than 6 months. And the contract is being audited by HASHEX & CertiK (In progress).
Is there a minimum amount of $BABYCAKE tokens needed?
At this stage, there is no minimum of $BABYCAKE tokens needed by each holder
If you want to benefit from the CAKE reward distribution you will have to hold at least
200,000 $BABYCAKE tokens
How can I contact the team?
The best way to contact the team is through our telegram here BabyCakeTG
We are always available to help you
How and Where to Buy BABYCAKE token?
BABYCAKE token is now live on the Binance mainnet. The token address for BABYCAKE is 0xdb8d30b74bf098af214e862c90e647bbb1fcc58c. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.
Just be sure you have enough BNB in your wallet to cover the transaction fees.
Join To Get BNB (Binance Coin)! ☞ CLICK HERE
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step
You need a wallet address to Connect to Pancakeswap Decentralized Exchange, we use Metamask wallet
If you don’t have a Metamask wallet, read this article and follow the steps
☞What is Metamask wallet | How to Create a wallet and Use
Transfer $BNB to your new Metamask wallet from your existing wallet
Next step
Connect Metamask Wallet to Pancakeswap Decentralized Exchange and Buy, Swap BABYCAKE token
Contract: 0xdb8d30b74bf098af214e862c90e647bbb1fcc58c
Source : Tario Sultan
Read more: What is Pancakeswap | Beginner’s Guide on How to Use Pancakeswap
The top exchange for trading in BABYCAKE token is currently Pancakeswap v2
Find more information BABYCAKE
☞ Website ☞ Explorer ☞ Whitepaper ☞ Social Channel ☞ Social Channel 2 ☞ Coinmarketcap
🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
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