undefined  Finance - dapp.expert
Baked Beans on Solana
Category: Finance Blockchain: Solana Language: English Platform: Web

Baked Beans is Back Now Serving Solana!

Overview of Baked Beans

Baked Beans on Solana is a reimagining of the original BNBMiner smart contract along with Bakehouse's famous Baked Beans.Our mission here is to reintroduce the concept of Reward Pool Miners, which became popularized in 2020, to the old and new generations of investors in the Solana Ecosystem.With sustainability in mind and learning from the lessons of past reward pool miners, we re-engineered the tax system and reconceptualized the internal functionalities so Baked Beans on Solana will not only surpass its predecessor, but thrive doing so.

Key Features and Benefits

Daily Returns: Earn up to 4.9% daily on your SOL stakes. The most competitive rates in the market.

Referral Program: Strengthen your earnings by taking advantage of our referral program, which offers 5.6% bonus on deposits made through your referral link.

Compounding Feature: Maximize your potential earnings by reinvesting your rewards back in Baked Beans with our simple yet efficient Re-bake feature.
Support: The team here at Baked Beans on Solana is always open to feedback or suggestions. If you have any concerns please contact us at [email protected]

Sustainability

Baked Beans is designed to be sustainable but also profitable with a built-in mechanism that punishes the investor for withdrawing too regularly which incentivizes compounding and reinvesting your daily rewards.

The daily reward is up to 4.9%, but will decrease if withdrawals occur too regularly, which is why it is encouraged to follow the 6:1 protocol

6:1 Protocol

The 6:1 Protocol as outlined in the Original BNBMiner documentation, states that the optimal profit generation can be obtain by Rebaking 6 days and Eating 1 Day per week.

Total Value Locked(TVL)

The Total Value Locked(TVL) is the total amount of Solana in the master staking pool. The daily rewards percentage is subject to fluctuate depending on the TVL in the pool.

Marketing Fee

To help sustain and maintain the ecosystem, a marketing fee of 7.4% is applied on all initial investments and withdrawals.

Referral

To encourage growth and enhance your earning potential, we offer a 5.6% bonus on all deposits made through your referral link, found at the bottom of the Baked Beans dApp.

Baking Beans

When baking your Solana on the Baked Beans dApp, the program contract will deposit your Solana into the TVL. The Solana baked into the TVL is locked, it will be returned via the "Your Rewards" section of the dApp.

You will receive a in-house currency called "Beans" which ultimately acts as the number of tokens you own. These "Beans" will automatically kick start your path towards passive income generation.

The minimum deposit for baking beans is 0.01 Sol.

Re-Baking Beans

The Re-Baking Beans function will be available once your rewards have begun to accumulate.

It is a requirement to accumulate 0.01 Sol before being able to re-bake, as to ensure the Solana gas fees are not higher than the re-baking amount(automatically derived within the program contract)

When your rewards exceed that of 0.01 Sol, you'll be able to use the "Re-Bake" button to compound your rewards into the locked TVL. Once this function is initiated, your rewards counter will restart to zero and your "Beans" amount will increase.

The increase in beans will be determined by the amount in the TVL combined with how many rewards are re-baked.

Eating Beans

The "Eat Beans" function is where your compounded Sol gets returned to your connected wallet.

The amount received will depend on the TVL and amount of beans compounded.

The only transaction fees apart from the marketing tax will be the standard gas fees which are in place on the Solana network.

Referral System

Baked Beans utilizes a referral-based program for bringing in new investors while also incentivizing growth and sustainability.

Each referral grants 5.6% of the initial deposit of those referred.

FAQ

Common Questions about Staking and Earnings

Q: How do I start earning with Baked Beans?

A: Simply connect your Solana-compatible wallet (e.g., Phantom) to our platform, transfer your SOL, and choose the amount you wish to bake.

Q: When will I see returns on my baked SOL?

A: Returns are calculated daily, with a 4.9% APR. You'll start seeing returns within 24 hours of your initial bake.

Q: Can I withdraw my earnings at any time?

A: Yes, you can claim your accumulated earnings at any time directly to your wallet.

Security and Smart Contract Safety

Q: How secure is Baked Beans? A: Our platform employs top-tier security measures, including regular audits and secure hosting on private servers, to ensure the utmost safety.

How to Contact Support

Q: I'm experiencing issues. How can I get help?

A: Our support team is ready to assist you! Reach out via our official Telegram group or send us an email: [email protected]

Q: Where can I report a bug or a security concern?

A: Please report any bugs or security concerns directly through our support channels. Your vigilance helps us keep Baked Beans secure for everyone.

Q: Are there any resources for new users?

A: Absolutely! Check out our 'Getting Started' guide for detailed instructions and tips.

These FAQs are designed to address your immediate questions, but don't hesitate to reach out if you need more detailed information. Our community and support team are here to assist you on your Baked Beans journey.

Official Links

Website: Baked Beans on Solana

Telegram: Baked Beans on Solana Telegram

Twitter: Baked Beans on Solana Twitter

Titan Security Audit: Baked Beans on Solana Audit

Disclaimer

Please be aware that Baked Beans on Solana is an experimental project within the DeFi and cryptocurrency landscape. Participation involves inherent risks, and it is crucial for users to conduct their own research and exercise caution.

  • No Guaranteed Returns: While Baked Beans on Solana offers potential earnings through its mechanisms, there is no guarantee of financial return. Market conditions and the experimental nature of blockchain projects can lead to unpredictable outcomes.

  • Educational Purpose: Baked Beans on Solana is designed primarily for educational and entertainment purposes. It serves as a platform for users to explore DeFi concepts and should not be considered a traditional financial investment.

  • Responsibility: Users are fully responsible for their decisions and investments within the Baked Beans on Solana ecosystem. The team behind Baked Beans on Solana cannot be held liable for any losses or damages arising from participation in the project.

  • Community-Driven Development: As an experimental project, Baked Beans on Solana's development and future direction may be influenced by community feedback and involvement. However, this does not imply a commitment to specific outcomes or returns.

By participating in Baked Beans on Solana, you acknowledge the experimental nature of the project and assume responsibility for your engagement within the platform. Stay informed, stay cautious, and enjoy the journey into the world of DeFi with Baked Beans On Solana

 
Telegram: https://t.me/+joCZH1P3aT0xZTFk

Baked Beans on Solana

Baked Beans is Back Now Serving Solana! Statistics

Users
24 hr: 0
0%
Total: 0
(2400 days)
ATH: 0
(Apr 20, 2024)
Volume
24 hr: 0
0%
Total: 0
(2400 days)
ATH: 0
(Apr 20, 2024)
Transactions
24 hr: 0
0%
Total: 0
(2400 days)
ATH: 0
(Apr 20, 2024)
0

Reaction to the article

Reviews (0)