BucksCake — DeFi Platform for Staking, Yield Farming, Cloud Mining and Exchange.

3 min readApr 6, 2021

About Buckscake (BKC)

BKC is a unique and great project in cryptocurrency that provides a completely secure and transparent experience that provides smart contracts and also a powerful token system BKC also is a Defi protocol that aims to provide the maximum required of the ERC 20 system which is every one which can access everyone on the internet BKC also offers a lot of services like ranging from stacking and also will forming that can users Court easily Access on the unified buckscake platform.

The features available on BucksCake include;

Ultra-liquid
This is a novel feature available on the BucksCake network and users stand to get significant benefits from it. Most users and investors prefer to place their assets with Uniswap, a liquidity provider; hence, the platform is offering them the choice. Clients are required to farm the commissions from the ultra-liquid process. The sharing pattern of the contracts varies based on an autonomous arrangement which is similar to the liquidity of the LP token. Dividends are often swapped back to BKC from ETH, as buyback and this increases the price. All purchased BKC are sent to the farmers or stakers.

Inflation Proof
The tokens of BucksCake are protected from inflation. With the total number of digital assets in circulation totaled to a maximum of 450,000 BKC and the uncertainty of future production of more tokens, a mechanism to protect the assets from inflation is deployed by the network. This occurs whenever there is a transfer of BKC, where a fixed minimal commission is charged by the farmers.

Community-Controlled
As a decentralized finance platform, the governance and decision-making structure of the network is reliant on the members. On the BucksCake platform, the clients possesses the right to make key decisions such as site design, developer fees, and granting users access to certain farming options. Members of the community who own the BKC tokens are eligible to participate in submitting proposals depending on the condition that they own staked liquidity in the pools. BucksCake enables an environment where members are granted access to interact, contribute, and participate in various engagements on the network.

Distribution

The initial distribution of the BKC coin will be the starter during a presale event but and distributed BKC coins will be distributed as a one-time subsidy so as the market earlier the BKC coin does not have mining capability and also the BKC cap is almost of 450000 which is fixed forever and there is no way to release more BKC coins and undistributed coins of the BKC will be used which is to add liquidity and to others tax platforms such as Sushiswap.

Token allocation