Since 2020, PancakeSwap (CAKE) has taken the crypto world by storm and their enormous success has attracted investors from multiple chains. It is currently the #1 decentralized application (dApp) on Binance Smart Chain (BSC) and is ranked #39 on CoinMarketCap with 4.5B market cap. BEAGLECAKE is a new token soon the be launched on BSC. CAKE lovers in the cryptoverse will fall for BeagleCake and their CAKE automatic rewards. While several other tokens offer investors RFI static rewards in the form of more project tokens, BeagleCake rewards their investors with CAKE, which has already proven itself as a solid investment.
Essentially, BeagleCake provides a passive income system in which investors don’t have to do anything except hold in order to earn more cake. Many investors currently undergo liquidity mining in order to earn rewards in CAKE, but the risk of impermanent loss, or losing the value of currencies as they change in relation to one another, makes liquidity mining a risky endeavour. BeagleCake takes away the risk while still providing rewards to its investors in CAKE.
Tokenomics and Distribution
In addition to CAKE rewards, BeagleCake will feature an NFT marketplace that will provide an open platform that allows users to buy and sell NFTs. They allow purchases and fees to be paid in BEAGLECAKE or CAKE and a wallet link option will be added to the platform so users can transact directly within the marketplace. A series of limited BeagleCake NFTs may be released in the future as well.
Lotteries are a new concept in the cryptospace as gaming and crypto takes hold. BeagleCake offers a one of a kind gamefi lottery system designed to reward and incentivize their holders. Lottery tickets can be purchased with the BEAGLECAKE token and rewards will be given in CAKE. More details on this new gamified investing concept will be released on a later date.
The BeagleCake (BEAGLECAKE) presale beings on October 15th at 1pm UTC and ends October 18th at 3pm UTC. The presale of BEAGLECAKE tokens offers investors a huge 30% discount off the public sale which will occur shortly after cap is reached. The transaction fee when buying and selling BEAGLECAKE is 15% with a huge 7% of that fee allocated to CAKE rewards. This number is much larger than normal reward features and is sure to drive investors toward the token long term and discourage pump and dump buyers. The rest of the transaction fee provides 3% to automatic liquidity and 5% to a marketing and buy back mechanism which serves a dual purpose of expanding the tokens reach and keep the chart healthy.
What About Security?
With initial liquidity locked for 15 months investors will have plenty of time to decide if they want to stay long term. BeagleCake will use DxLock to ensure the growth and security of Beagle’s Defi ecosystem and keep the raised liquidity amount locked during the set period. In addition to locked liquidty, BeagleCake has begun the process of obtaining a TechRate audit. TechRate evaluates smart contracts for vulnerabilities, and as BeagleCake is committed to transparency, as soon as the audit is complete, they will publish the results on their website.
With CAKE rewards, gamified investing, and ironclad security, BeagleCake will be one launch to watch. Especially during this time, where Binance has once again flipped Cardano on Coinmarketcap to retake the number three spot on the charts.
- Presale: https://dxsale.app/app/v3/defipresale?saleID=761&chain=BSC…
- Website: https://beaglecake.io
- Twitter: https://twitter.com/BeagleCakeBSC
- Telegram: https://t.me/BeagleCakeBSC
- Audit: https://github.com/TechRate/Smart-Contract-Audits/blob/main/October/BEAGLE%20CAKE%20Full%20Smart%20Contract%20Security%20Audit.pdf
- Whitepaper: https://beaglecake.io/beaglecakewhitepaper.pdf
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