What is LavaCake Finance (LAVA) | What is LavaCake Finance token | What is LAVA token
In this article, we’ll discuss information about the LavaCake Finance project and LAVA token
LavaCake Finance is latest generation yield farm and AMM decentralized exchange running on Binance Smart Chain with lots of unique and creative features.
LavaCake Finance
Main Features
Below are the main features that will be used in our products.
Transfer Tax
- Every transaction (send, swap, farming, etc.) of will be charged a 7.5% transfer tax.
- Use 8%+ slippage to buy **LAVA **on PancakeSwap V2 or other AMM.
- The transaction will fail if the slippage is less than 7.5%
Automated Burning Mechanism
30% of 7.5% transfer tax (2.25% of transaction amount) will be burned in every transaction.
Automatic Liquidity
Every transaction of **LAVA **will be charged a 7.5% transfer tax. The 5.25% transfer tax gets added to the liquidity pool through the contract automatically to raise the price floor continuously. And the liquidity will be locked and inaccessible.
Anti Whale
Transactions more than 0.5% of total supply will be rejected. As the total supply grows, this ratio will be reduced.
Harvest Lockup
We use harvest lockup based on time. Harvest lockup is a unique rewards lockup mechanism used to limit the frequency of harvest. It is designed to prevent farming arbitrage bots from constantly harvesting and dumping.
Harvest Lockup will be set for 6 days (usually from Monday to Saturday), and you can only harvest on Sunday.
Referral Program
LavaCake Referral is a unique On-chain referral program that lets users earn $LAVA without depositing any tokens. You just have to refer other users to stake in Farms and Staking Pools and you will be earning 3% of the rewards they receive forever.
Roadmap
This is our initial roadmap. Priority depends on what we consider most important, along with community requests and feedback. So it may be changed in the future.
Launch Stage
- Community building
- Deploy smart contracts
- Build Dapp
- Audit
- Submit LAVA to Coinmarketcap, Coingecko, DappRadar, BscScan, etc.
- Marketing & Advertising Strategy (In Progress)
- Airdrop (Live)
- Lava Farms & Staking Pools
- Lottery
- Chocolate Pools (Stake LAVA to earn other tokens)
- Twitter, Youtube, Tiktok Contests
- Partnerships
Long Term Plan
- Other Audits (Certik, Hacken, etc)
- New products
- Airdrop distribution
- Listed on major exchanges
- Decentralized Exchange (AMM)
- Marketing & Advertising Strategy
- More Features in Planning - details coming soon!
LavaCake Token (LAVA)
Information
- Token Name: LavaCake Token
- Token Symbol: LAVA
- Contract Address: 0xa2Eb573862F1910F0537001a419Bd9B01e821c8A
- Chain: Binance Smart Chain (BEP20)
- Max Supply: 10,000,000
Transfer Tax
- Total Transfer Tax Rate: 7.5% of every transfer
- Burn Rate: 30% of transfer tax will be burned immediately (2.25% of transaction amount)
- Automatic Liquidity Rate: 70% of transfer tax will be added to the LP pool and locked. (5.25% of transaction amount)
Emission Rate
- New LAVA/Block = 1 (initial emission rate). The emission rate will be adjusted reduce gradually.
- 9.09% to the dev team to ensure essential growth of the project. During the first farming week, LAVA in Dev wallet will be transferred to LavacakeLocker contract daily.
Deposit Fee
Deposit fee is 3.9% for non-LAVA Farms/Pools. Deposit fee is 0% for native Farms/Pools. 75% of this fee will be used to Buyback + Burn LAVA to pump the price, and redistribute to LAVA holders when stake on Chocolate Pools.
How and Where to Buy LAVA token?
LAVA token is now live on the Binance mainnet. The token address for LAVA is 0xa2Eb573862F1910F0537001a419Bd9B01e821c8A. 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 LAVA token
Contract: 0xa2Eb573862F1910F0537001a419Bd9B01e821c8A
Read more: What is Pancakeswap | Beginner’s Guide on How to Use Pancakeswap
The top exchange for trading in LAVA token is currently Pancakeswap v2
Find more information LAVA
☞ Website ☞ Explorer ☞ Source Code ☞ Social Channel ☞ Social Channel 2 ☞ Message Board ☞ Documentation ☞ 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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#blockchain #bitcoin #lava #lavacake finance
