BUCKSCAKE: DeFi Platform for Staking, Yield Farming, Cloud Mining and Exchange.

Frank Konero

Introduction:

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 its 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 get access to on the unified BucksCake platform.

There is a massive influx of Blockchain Technologies available in today’s market since the birth of Bitcoin. It’s been a decade, but there is still limited implementation of the technology in the core enterprise process due to a lack of requirements in terms of scalability, flexibility, privacy and security. Tech Giants such as Amazon, IBM, Microsoft and Oracle are competing to develop Blockchain-as-a-service (BaaS) solution that allows both large enterprises and businesses to implement, build and customize their own concept of centralized/decentralized applications. A new generation of Blockchain Technology has built to solve the above challenges and is ready for future mass adoption.

THE FEATURES OF BUCKSCAKE PROJECT:

v 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 speakers/farmers.

v Inflation Proof:

BKC has a strong impact on every token. Every time the 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.

v Community Controlled:

BKC holders will be able to vote on various proposals as long as they have staked liquidity in the pools. The community will decide everything from developer fees and site design to access to specific farming options.

WHY CHOOSE BUCKSCAKE?

Thanks to Decentralized Finance (DeFi), BucksCake offers users the ability to earn money by Staking, Yield Farming and Cloud Mining on our single platform without risk of losing their funds. The security of our users' funds is a biggest priority for all our team. We believe that our user is main active for our success. This belief naturally means the importance of providing quality decentralized financial services, security, transparency and ease of use.

DEFI PLATFORM FOR STAKING, YIELD FARMING, CLOUD MINING AND EXCHANGE:

a. 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 silka 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.

b. 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.

c. Vault Returns:

User A's Share: (UNI-V2 deposited by you I contract total balance of UNI-V2) for example if there is 9000 UNI-V2 (BKC/ETH) Pooled tokens in this Vault, and a user deposits 1000 UNI-V2. The contract's total balance of UNI-V2 (BKC-ETH) Pooled tokens becomes 10,000. And User A's share now is 1000 / 10,000 = 10 % If user "B" deposits 10000 more UNI-V2(BKC-ETH) Pooled tokens to this vault, the contract's total balance of UNI-V2(BKC-ETH) Pooled tokens becomes 20,000. User A's new share becomes: 1000 / 20,000 = 5% If 200 BETH2 tokens are distributed to this vault per month, User A's earnings would be 200 x his share in % At 5% share, the earnings would be 200 x 5% = 10 BETH2.

BKC TOKEN DISTRIBUTION:

The initial BKC will be distributed during the pre-sale event, where a portion of the ETH received will be exchanged for the BKC that delivers its first “price pump” project. After the pre-sale ends, unsold BKCs will be distributed among users as a one-time subsidy. As indicated earlier, BKC has no mining capability; the BKC limit (450,000) is fixed forever. There’s no way to release more BKCs. The part of the unsold BKC will be used to add liquidity to other DEX platforms such as Sushi Swap, and some of this will be distributed as an Airdrop to the first investors and media partners and some will be burned.

BUCKSCAKETOKEN ALLOCATION:

Pre-sale: 94,500 BKC - 21%

Community: 135,000 BKC - 30%

Staking: 90,000 BKC - 20%

Liquidity Lock: 90,000 BKC - 20%

Marketing: 9,000 BKC - 2%

Team: 22,500 BKC - 5%

Reserve: 9,000 BKC - 2%

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