BabyCake has a mission: bring DeFi to the masses.
Decentralized finance, which utilizes technologies to remove
intermediaries, middlemen, and banks from financial markets, is a complicated system to enter into.
BabyCake’s primary goal is to make it simple enough for even our mothers to be able to start earning passive income without having to understand this complicated DeFi world.
The first step towards achieving that goal was to create the BabyCake token. It is an innovative Reflection Token: one that pays dividends in an already established token instead of our own. Our dividends are paid out in $Cake, the premier BSC Swap on the market and a company whose tokens are getting more valuable all the time.
The next step is the release of our 3-click App.
The rate of Crypto adoption in the world is growing, but the percentage of the world’s population who are users is still very small.
We have developed an app that is clean, clear and simple to use. It will revolutionize the DeFi space and foster adoption of crypto in a safe, secure, easy and rewarding way.
Once the App is released, we will continue to add features to further empower people and give them control over their financial situations.
BabyCake was Fair Launched on the PancakeSwap Exchange on July 17th, 2021. There were no presales or ICO: everyone could buy BabyCake fairly from the moment it launched.
In the first 10 days, we achieved a market cap of $112 million from an initial market cap of $6,000. Once the speculators so commonly found on the BSC chain took their initial profits, we have had a healthy correction and found equilibrium at around a $11-12 million market cap.
We have over 57,000 holders. This includes the over 55,000 shown on BscScan and the further 2500 holders who deposited their total amount of tokens into our Auto-Reinvestment Pool (ARP). The ARP currently holds over 12% of the total BabyCake supply, which shows great confidence in the future of the company and its vision.
We have large, loyal, and active communities on Twitter, Reddit and Telegram. We are present on Instagram, YouTube and Medium. There is even an EP on Spotify of a fan-made BabyCake song.
We run Voice Chat, Main Chat and Support Chat services 24/7 on Telegram.
Anndy Lian was added to the Baby Cake advisory team in August to provide further advice and expertise. He leads the Mongolian Productivity Organization and is the author of the best-selling book Blockchain Revolution 2030.
Yes, our Founder ‘Monk’ is fully doxxed. He doxxed himself via video when BabyCake hit a 50 million market cap. He then doxxed further upon the announcement of BabyCake being a platinum sponsor at both the Global DeFi Investment Summit and the Dubai Crypto Expo Conference held in Dubai in October 2021. Our newly appointed CEO Frank went to Dubai to speak at both events in Monk’s stead after Monk saw fit to promote him to CEO. Frank is also fully doxed.
There is a 15% buy tax. An extra 1% fee is applied to all sales to encourage holding, discourage swing trading and to lessen whale manipulation. At times, our tokenomics may change in response to market conditions.
The token contract employs a static rewards system. The 15% buy tax is split as follows:
The dividend mechanism incentivizes token holders to hold in order to earn dividends from the transactions (buys and sells).
The dividends are not dependent on the price of either BabyCake or Cake. They are based purely on the volume and proportional to the BabyCake amount you hold in your wallet.
The BabyCake team has taken several steps to ensure optimal security.
There’s a 12-month lock on the liquidity pool, so holders can rest assured they can trade. DXLock, a cross-chain decentralized token and liquidity provider locker for Ethereum and BSC, is here to help as a middleman.
BabyCake’s contract is also audited and certified by CertiK, a leading blockchain security firm. Founded by Yale and Columbia University professors in 2018, CertiK has worked with hundreds of clients. A CertiK certification is considered the gold standard of contract security.
BabyCake has also invested in a contract audit from TechRate, a blockchain security consulting firm. They’ve audited 100’s of smart contracts since 2017, saving more than $300 million in investor funds. TechRate worked with BabyCake to ensure the contract had no vulnerabilities to severe issues or hacks.