What is Baby Cake? Baby Cake is a meme coin project inspired by CAKE, the native token of the popular decentralized exchange PancakeSwap. In this article, you can find answers to questions such as what is Baby Cake, what it offers, what is BABYCAKE coin, how to get it, what is it used for. As Kriptokoin.com, we have compiled it for you. Let’s examine the project together.
What is Baby Cake?
Launched in July 2021, Baby Cake is a meme coin project inspired by PancakeSwap’s native token CAKE. The project is the first CAKE mirror token project in the market. Baby Cake allows its users to earn high passive income. In this respect, the asset is defined somewhere between earnings tokens and meme tokens. The project has a native cryptocurrency called BABYCAKE coin. Users can access various earning options and earn income through BABYCAKE.
The project is designed to reward users who hold BABYCAKE. Users who meet certain conditions receive token rewards every 60 minutes. In addition, the platform also offers staking options to investors. Thanks to the automatic staking feature, users can automatically receive the income they earn by staking their tokens into their accounts every 60 minutes. Users who do not use the automatic mode can receive their staking rewards at the end of the period they set. The platform charges a 15% transaction fee from each purchase. 5% of the revenue from this fee is distributed to the marketing budget, 3% to liquidity pools and 7% to token holders. The platform uses a model that penalizes selling tokens and rewards holding.
What is BABYCAKE coin? What is it used for?
BABYCAKE coin is a token that works as the native cryptocurrency of the Baby Cake project. The token was created with the BEP-20 smart contract on Binance Smart Chain (BSC). Transactions with BABYCAKE are very fast with low transaction fees. The token, whose maximum supply is limited to 100 billion, is used for various purposes within the platform where users can earn income.
Traders who hold at least 200,000 BABYCAKE coins in their wallet receive token rewards every 60 minutes. BABYCAKE is a stakeable asset. Token holders can get additional token rewards at maturity by locking their holdings with a specified maturity. BABYCAKE also offers automatic staking. This makes it possible to receive rewards every 60 minutes without setting a deadline. Users can choose whether to use this mode or not. In addition, 7% of the transaction fees received from users selling BABYCAKE are distributed to token holders. At the time of writing, BABYCAKE coin was ranked 7407 on the overall cryptocurrency list with a fully diluted market cap of $638,000.
How to Buy BABYCAKE coin?
BABYCAKE coin is supported by quite a few cryptocurrency exchanges. The token is currently only listed on PancakeSwap, one of the popular decentralized exchanges (DEX). Investors interested in the Baby Cake project can purchase meme tokens by signing up for PancakeSwap and depositing funds into their wallets.
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