All Cake, No-Bake: BabyCake’s Rise in the World of Digital Currencies

September 1, 2021 at 10:00 am

News

All Cake, No-Bake: BabyCake’s Rise in the World of Digital Currencies

BabyCake proudly stands as the world’s first CAKE reflection token. Users receive CAKE in their crypto wallets just for holding the $BABYCAKE native token.

Best of all – there’s no stress about manually claiming CAKE. Tokens are automatically sent to wallets thanks to BabyCake’s Protocol. BabyCake’s unique classic redistribution scheme is based on contract percentage, current token balance, and the number of holders.

Our Mission: To Revolutionize DeFi

Just head on over to PancakeSwap to buy $BABYCAKE (users need at least 200,000 tokens to receive distributed CAKE) and check out the BabyCake dashboard to see your daily rewards.

BabyCake features a static reward system representing the next evolution of Binance Smart Chain (BSC) yield-generating contracts. 15% of each transaction splits as follows – 7% CAKE goes right back to holders. 5% is allocated for marketing efforts. The final 3% becomes liquidity for PancakeSwap.

Whales are warned, BabyCake has added an extra 1% fee to all sales to reduce swing trading and monopolization.

Under The Hood

The BabyCake team has taken several steps to ensure optimal security. There’s a 12-month lock on initial liquidity, so holders can rest assured they can trade. DXLock, a cross-chain decentralized token and liquidity provider locker for Ethereum and BSC, is here to help as a middleman.

BabyCake’s contract is also audited and certified by CertiK, a leading blockchain security firm. Founded by Yale and Columbia University professors in 2018, CertiK has worked with hundreds of clients. A CertiK certification is considered the gold standard of contract security.

Still not convinced? Well, BabyCake has also invested in a contract audit from TechRate, a blockchain security consulting firm. They’ve audited 100’s of smart contracts since 2017, saving more than $300 million in investor funds. TechRate worked with BabyCake to ensure the contract had no vulnerabilities to severe issues or hacks.

Anndy Lian was added to the Baby Cake advisory team in August to provide further advice and expertise. He leads the Mongolian Productivity Organization and is the author of the best selling book Blockchain Revolution 2030.

Tasty Morsels For Baby Cake Holders

BabyCake has got a lot coming down the pipeline for its community.

First, BabyCakeSwap makes its grand debut in September.

The company is a Platinum Sponsor of the Dubai Crypto Expo. Monk will be speaking there as well as at the Global DeFi Investment Summit a few days earlier.

Down the line, BabyCake is looking to open up a BabyCake merch shop and an NFT platform. Not to mention, 5% of every transaction is allocated towards its marketing budget, which means BabyCake has plenty of firepowers to push its ambitious projects forward.

BabyCake has also announced its ‘Diamond Hands Sunday‘ and ‘Buy Back Monday’ initiatives. On Buyback Sundays, Rewards increase to 12% – that’s a 5% increase! (24 hours UTC). On Buyback Mondays, BabyCake tokens are purchased with the Rewards earned by the 1 billion tokens released from the Team Wallet. Consider it like a Whale wallet that will never sell and reinvests all its Rewards every week!