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BakedBTC

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The total fiat value of assets in a dapp's smart contracts
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News

Germany's Sparkassen Group Begins Cryptocurrency Trading Rollout

Germany's Sparkassen savings bank group is starting a phased rollout of cryptocurrency trading within its existing banking app, beginning on October 19, 2023.
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Gustavo Mendoza

CME Group to Launch Bitcoin Cash and Uniswap Futures on October 19

CME Group has scheduled the introduction of Bitcoin Cash and Uniswap futures for October 19, providing institutional traders with more cryptocurrency markets.
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Rajesh Kumar

Ethereum's Glamsterdam Upgrade Scheduled for Hoodi Test Network

Ethereum's next major upgrade, Glamsterdam, is set to activate on the Hoodi test network on October 26, marking a significant step in testing changes to block production and execution costs.
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Miguel Rodriguez

What is BakedBTC?

Baked BTC — a decentralized application, built on Binance Smart Chain. The aim of the game - to hire as many chefs as possible before other players.

Contents:

Baked BTC-dapp.expert

About Baked BTC

To start earning 8% daily rewards, you must first hire chefs. Then those chefs will start minting/baking BTC, which you can either sell or use to re-hire chefs. The daily percentage income depends on the actions of the players on the platform, which affect the efficiency of the cooks.

The chef efficiency ratio rises and falls as users buy chefs, re-hire and sell chefs for BTC. Baked BTC has implemented several anti-dumping and anti-whale measures to ensure the longevity of the project. These measures include maximum deposits as well as cut-off and recovery times for withdrawals.

Additional measures for the sustainability of the project:

Cutoff time This is the time it will take for your "basket" to be filled with rewards. Once the bag is full, it will stop filling up until you take any action in the game.
Recovery time This is the amount of time they have to wait before they can draw another conclusion. It also prevents the contract value from decreasing too quickly.

This is to prevent the whales from allowing their rewards to accumulate for long periods of time. Eliminates the false impression that the value of the contract is growing.

More about defi app

To ensure the sustainability and longevity of the project, and as an improvement, the team has implemented a feature that will encourage/force the chef to constantly mix (merge for the platform) before making a profit.

If the chef chooses not to mix or hire more chefs, using their earnings and continually opt out, the chef will be charged a 60% opt-out tax which will remain part of the contract.BakedBTC

This feature will essentially ensure the longevity and stability of the project. There is also a bonus to encourage users who mix.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.