KittyCake Comes up with a Unique Volume-Based Reward System

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BERLIN, July 29, 2021 /PRNewswire/ – KittyCake is a new token in the already blooming crypto space. They offer what is known as ‘reflections’ on each transaction to every holder, trader and individual who holds their token called KCAKE in their wallets, in proportion to the amount they are having. In one line, this means that about once an hour every holder will receive a reward of Pancake Swaps CAKE token directly in their wallet depending on the amount of token they are holding.

Their reward system entirely depends on volume, so if there’s a lot of trading volume, then equally, there are a lot of rewards. So even if the rewards drop off, holders and traders can still sell, generate volume, and earn rewards, which prompts trading and return from the start. Like this, the price could potentially enter a period where the rewards system regulates the token price.

According to KittyCake, 12% of their total tokens are reserved for redistribution, another 2% for liquidity into the liquidity pool, 3% for marketing and volatile conditions and finally 1% for disincentivizing selling, which will be burnt. This means that whenever a transaction takes place a total of 16% of that transaction will be taxed upon and distributed to the holders as a reward (10%).

Some of the notable features of KittyCake are:

Live Website

The team at Kittycake always put on a live website , much before their token launch. The project helps its user and holder to gain all the information they need, to also check their rewards and holdings. Their overall progress is unlike anything seen in crypto space.

Verified contract on BSCSCan

The coin is verified by the BSCSCan and also has its contract code. This provides extra authenticity and also educates the holder to stay away from scam tokens.

Comes with locked liquidity

Kitty cake has their liquidity locked for 6 months. This ensures that the holders and future traders are aware of other fake coins.

Fully audited

The token is audited even before it’s official launch proving the token’s legitimacy, efficiency and usability.

The cost of each KCAKE is currently valued at $.0001, from a launch-time low of $.00000748. The team at Kitty cake is eagerly looking forward to a revolutionary dashboard that is never before seen. They will also arrange many promotional and celebrity events to promote their token. The team has also planned to reward its most holders and traders. Their website supports multiple languages and options, proving they are not just targeted to any particular community but welcomes every ordinary individual.

The developer’s and team have planned on digital and active marketing campaigns to attract crowds. Kittycake is going to apply for listing of KCAKE on all major exchanges including Binance, Coinbase Global Inc., all major data providers including coinGecko, CoinMarketCap, and many other reputed Decentralised exchanges. But besides being just a crypto token, they had a noble cause as well. The team will carry charity drives to help sheltered animals and stray animals. They will provide them with the shelter, food and care they need. The team has many good ideas on keeping the volume up to a level that will generally be rewarding for everyone. The future for KittyCake is very bright indeed. Smart contracts will help traders bridge the gap in a way that keeps both parties happy. Kitty Cake is a definite revolution in the world of crypto and can be expected to go places.

Media Details

Company Name: KittyCake

Email: [email protected]

Website: https://kittycake.app

Telegram: https://t.me/kittycakebsc

Twitter: https://twitter.com/kittycaketoken

SOURCE KittyCake

Binance Reveals the Top Projects Within the BSC Ecosystem at the Binance Awards 2021 Event

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Binance has revealed the leading projects on the Binance Smart Chain (BSC) in 2021 so far by looking at the best projects within the BSC ecosystem.

The Binance Smart Chain Project of the Year 2021 awards recognizes the best performing Binance Smart Chain projects that have built stability, an active user base, market influence, and gained traction while offering attracting investments.

The factors under consideration for selecting the best projects included:

Their size and impact on BSC, measured by user base, wallets, network activity, and transaction volume

Market influence and traction

Scalability and usability of the project

Innovation product design and sustainability

Linkage and integration with BSC and the Binance ecosystem

SEE ALSO: NFT Marketplaces Grew by Almost 1,000% on the Binance Smart Chain (BSC) in Q2, 2021

BSC Wallet of the Year

Trust Wallet was recognized as the leading wallet project on BSC.

Trust Wallet is recognized as one of the most popular and crypto wallets globally. It has support for a majority of the popular tokens, and has cross-chain support for ERC-20, BEP20, and more token formats.

Trust Wallet was also recognized for its built-in buy and sell crypto functionality, which let’s users to store and view NFTs. It also has a dApp browser that let’s users explore the BSC ecosystem.

BSC DeFi Project of the Year

Coming at no surprise, PancakeSwap was recognized as the leading DeFi project on BSC which also happens to be the biggest overall project on BSC.

In its tribute, Binance indicates that PancakeSwap has dominated the DeFi industry with:

More than 12 million active users

A TVL of over $2.4 billion

An average 24-hr volume of over $320 million

NFT Marketplace of the Year

Bakery Swap took home the position of leading NFT marketplace.

Bakery Swap is the most popular NFT marketplace on the BSC ecosystem based on user base and social proof. The platform has:

Close to 340k Twitter followers

203k minted NFTs in over 640k transactions

A TVL of $245 million.

The platform is also among the top projects across multiple categories in the BSC ecosystem due to its intuitive and user-friendly interface.

Infrastructure Project of the Year

Binance has also recognized BscSCAN as the leading infrastructure service building on BSC.

BscScan is recognized as an essential tool for individuals and businesses within the BSC ecosystem. It provides direct access to blockchain data such as transactions, blocks, top wallets, and other interesting charts and statistics.

The BSC explorer is an important utility enabling users to monitor the activity on the blockhain. It also includes stats such as the latest blocks mined and the validators participating in mining.

The explorer is created by the tem behind the EtherScan explorer.

Security Project of the Year

CertiK was recognized as the number 1 security Project.

CertiK helps projects building on BSC achieve better security and protect their users and funds. It is recognized because it roots out vulnerabilities and potential attack vectors through its auditing process, helping affected projects minimize their security risks.

CertiK includes a Security Leadersboard providing insights into the security ratings and potential threats to projects within the BSC community.

Collectible and Gaming Project of the Year

Bunny Park was recognized as a significant player within the BSC ecosystem under this this category.

Bunny Park offers users original NFT collectibles, DeFi functionalities, and gaming, empowering players to have fun while simultaneously earning tokens.

BSC was launched officialy in September 2020 and has raced to produce one of the leading dApp ecosystems today. One way it does this is through the use of accelerator programs that suport the development of good projects by helping them get onboarded onto the ecosystem.

RECOMMENDED READING: Binance Smart Chain Hit Hardest by June 2021 DeFi Slump

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Shanghai Man: Chainlink hackathon, OKExChain nets $2B TVL, and Tencent unveils ‘magic’ NFT platform By Cointelegraph

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Shanghai Man: Chainlink hackathon, OKExChain nets $2B TVL, and Tencent unveils ‘magic’ NFT platform

Cryptocurrency Aug 05, 2021 09:20PM ET

Shanghai Man: Chainlink hackathon, OKExChain nets $2B TVL, and Tencent unveils ‘magic’ NFT platform This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industrys most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Much like last week, Chinas minor COVID flareups dominated the headlines as the country seeks to avoid more serious lockdowns. Cryptocurrency managed to stay out of the news, which considering the regulation recently, can only be viewed as a good thing. Much love for the layer-twos Tracking adoption elsewhere China’s own shadowy super-coders Tech giants eyeing up the NFT space Continue Reading on Coin Telegraph

Shanghai Man: Chainlink hackathon, OKExChain nets $2B TVL, and Tencent unveils ‘magic’ NFT platform

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