AMA RECAP : CapitalBlockchain & Cake Crypt 🔐
June 7 , 2021 by CapitalBlockchain
INTRODUCTION.
Recap AMA with Capital Blockchain
we have this recap for you:
1st part : AMA host Q & A session
AMA Host :- Anastasiia M-Lorentzen, E 🐲 Welcome to our CapitalBlockchain Community .Thank You for joining Us , kindly give us Brief introduction About Yourself And The Team.?
- hello all! thank you for inviting. Me and @stasie21 are from the marketing team of @cakecrypt :) CMO and marketing manager :)
AMA host — Thank You For The Brief introduction! Let’s Begin.
Q1. What is CakeCrypt..? Can you explain in more details..?
- CakeCrypt, first of all, is a yield optimizer platform focused on providing DeFi users with automatically compounded yields at empirical optimal intervals, whilst pooling gas costs through battle-tested smart contract code and best-in-class yield optimization strategies. CakeCrypt started with neither a pre-farm nor pre-sale. We work on BSC, Pancakeswap, Fantom, and Matic. And - we also provide locker service and developing an IDO platform :) Done.
Q2.Could You Give us Some info On The $CakeCrypt Token?
- $Cakecrypt is minted linearly starting from 18 May 2021 which is approximately 287,000 $CakeCrypt daily.
To ensure fair distribution of $CakeCrypt, only vault users will be able to mine $CakeCrypt tokens in addition to the yields from automatically compounding vaults. Fees on users' profits are used to perform market buy-backs and these $CakeCrypt are burnt out of supply forever. Correct fees amount can be checked on the specific pool. The team has locked 17 mln $CakeCrypt marketing tokens until this token will be needed for real actions! Done.
Q3) What Are The Distinguished Advantages of CakeCrypt Compared To other Similar Projects?
E 🐲:
One of our main advantages (talking about yieldfarming service) is that we have auto compounded yields and due to the daily token buyback+burn and optimized strategies you get a high APY - up to 1800%.
But in my opinion, the biggest potential lies in our complex approach to the profitability of the DeFi market. We have enough capacity to provide all the efficient earning opportunities to our users via one-stop solution. Done.
Q4) Can you tell us a bit more about CakeCrypt and it’s features?
Anastasiia M-Lorentzen:
CakeCrypt uses a proprietary dynamic harvesting optimizer to enable the highest APYs on our vaults. Autocompound for each pair, daily buyback and burn - cool features for investors and farmers. We have more than 100 top liquidity pools (i.e. with the highest APY by Pancakeswap) available on Cakecrypt 💪🏻
And we are also a multi-chain project with long-term plans to become a one-stop profitable platform for DeFi market - that means we enable yieldfarming on bsc, matic, pancake, fantom… and we will do that on every profitable platform we’ll see. Done.
Q5) What are the ways for your project to generate revenue in the long run? What is the progress of business development and what are some of your commercial partnerships?
E 🐲:
We are focused on long-term income as a one-stop DeFi platform that includes the most profitable earning opportunities and services. For now, our platform earns from fees as any yieldfarm aggregator and for providing locking services for defi projects - but we plan to make a profit as an IDO platform and from providing multi-chain opportunities🚀
regarding the progress.. well we are live for less than 1 month and we already managed to get 2 smart contract audits from CerTik and Solidity Finance to ensure our users that we are secure. We are already listed on CoinMarketCap, CoinGecko, Pankaceswap, and BSCscan 🚀 and dappradar - just today
Aaaand we wouldn’t stop here only :) Token price has been up for more than 70% since its start and just an update from a couple of days ago - 500k tokens burnt in the amount of $133k! We plan to strengthen the collaboration with current partners and join new exchanges for $Cakecrypt listing, DeFi projects for our locker, and publishing on the IDO platform.💪🏻Done.
2nd Part : Live Questions and A
Q1. As Cakecrypt is build in BSC,can you tell us its competitive advantage over other platforms that is also based in BSC? As an investor,why would I rather choose Cakecrypt? What is the biggest potential of your platform?
- Answer -First of all, we are multi-chain which means that we are not solely operating on BSC but also on Fantom and Matic. We are attractive to token holders because of well-balanced and profitable tokenomics (daily buyback+burn tokens based on users' profits fees - you can check details on our website), but the always deciding factor for an investor is that we managed to collect all the important and necessary functions of a farming aggregator for the users on the same platform 💪🏻
Q2. As I know a strong community is very important for every project. Do you plan to be a local or global project? What strategy will be used to expand the community?
Answer -We are of course aiming to become a global project and we strongly believe we have the potential for it. We will be choosing international influencers to work with us as well as get many listinings :)
Q3. What is the role of tokens in the ecosystem? Where can people currently buy it? What is the functions of the tokens?
Answer -it’s totally utility token which has daily buyback+burn. you can stake it. details are on our website. and - you can buy it on pancakeswap and dexguru, soon will be announced listing on cex-s.
Q4. Tell community about our plans for 2021, what are we currently working on, and are we going to expand the list of big exchanges?
Answer -Yes for sure! This was out initial road map and we are looking to expand it further - whoop whoop.
Q1:
Launch Liquidity Locker
Passing CertiK audit
Mainnet release
Q2:
Launch Yield Farming Optimizer
Pancake Swap Listing
Airdrop for active users
Coingecko & CoinmarketCap listing
Q3:
Launch IDO platform
The first project on the IDO
Implementation of additional rewards and privileges for HODLers
Other chains integration
Launch CakeCrypt Fund for investments in DeFi projects
Build DAO system
Q4:
Release the bridge between different chains
Attracting the largest DeFi Farming projects.
Q5. Is this your project only for elite investors, how about others with small funds, is it open to everyone?
Answer -it’s open for everyone. since we work with bsc, matic, fantom where fees are low, you can start with any budget :) for funds - we have special offers
CONCLUSION.
$Cakecrypt is a next gen yield farming optimizer and locker on BSC.
Anastasiia M-Lorentzen:
Likewise!! thank you for today - we had a lot of fun talking to everyone :)
E 🐲:
we are also enjoyed to be with you guys :) have a nice day and we wait for you @cakecrypt community.
