CheeseCakeSwap — a decentralized exchange, built on the Binance Smart Chain, allowing people to trade their assets with high safety and anonymity. The reason the team has chosen BSC - to create an ecosystem that allows everyone to use the platform with low fees and protect users with high safety. Despite other platforms like Ethereum, BSC is much faster, cheaper and more scalable.
Contents:
Description of the CheeseCakeSwap project
The developers are trying to create a permanent deflation token, CheesecakeSwap Token, that allows a constant price pump with a sufficient burn mechanism. They are not trying to replace swaps, but they want to add value to the system and create a suitable and sustainable environment for people. Liquidity pools are essential for decentralized exchanges as, to reward liquidity, CheeseCakeSwap offers the community liquidity mining on selected pools to generate passive income. In order to preserve the value of the CCAKE token, the developers hsve decided to burn 2000 CCAKE tokens every day.
Some features:
| 1 | About 9.09% of the total CCAKEs produced will go to the deployment address for marketing and recording. The rest will go to the farms and pools on the platform. |
| 2 | The team will not sell or farm CCAKE tokens. |
| 3 | The amount, accumulated on the address, will only help with marketing, content and contests, as well as future giveaways. The only income for the development team - the deposit fees. |
The deposit fee income is negligible, compared to the size of the CCAKE / BNB and CCAKE / BUSD pools. As a result, the increase in the value of CCAKE after the buyback will also be negligible. Buybacks can backfire as the timing of the buybacks can create a pump / dump environment, and as the second argument says, the increase in token value is negligible due to the large volume of pools.
There is no deposit fee (0%) for CCAKE farms and pools. 50% of the deposit will go to developers, the remaining 50% will go mainly to marketing, buyback and other expenses like sweepstakes, contests, maintenance, etc.
Additional information
At the moment, White Paper and RoadMap are not available on the site. Instead, there is an introductory document and blog on Medium.
If you want to stay up to date with all innovations, subscribe to the community on the following social networks:
The smart contract has not been audited.