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About Baby Cake Monster
1️⃣ 5?ke Monster Rewards - Our token will reward all holders with an automatic reward in Cake Monster! That means 5% of the 15% tax will go to all of you directly holding Baby Cake Monster! The higher the volume on Baby Cake Monster, The more rewards you get! 2️⃣ 6% BuyBack function! - 6% of the tax (converted to BNB) will first be used to purchase Cake Monster for our level 5 NFT (There are none left to mint but we got one on a loan from an investor in return for tokens so he/she will continue to earn more cake monster) Once we have enough to activate the rewards associated with the level 5 NFT we will begin to earn rewards ontop of those that we get just by holding cake monster. (Level 5 NFT holders earn additional cake rewards compared to regular holders of Cake Monster.) Since there are only 200 Level 5 NFTs this means this will be a larger cake reward! By holding the NFT we will use the rewards sent to us to sell the cake and buy back Baby Cake Monster! Thus a sophisticated buy back feature that will not rely on continuous volume! Once we have accumulated enough Cake Monster for our Level 5 NFT to work, we will have a community vote to either leave the 6% tax as a direct buyback, or decrease tax to 1% with increased Cake Monster reflections! 3️⃣ Auto LP - 2% of transactions well be used and added to LP. This will continue to make the price more stable with large purchases and sales! 4️⃣ Marketing - 2% of transactions will be used for marketing! Initially we will be listed as a promoted coin on Coinvote as well as have banner ads up! We will continue to post in large TG’s and get callouts from known effective influencers across multiple social media groups!
Tokenomics
1️⃣ 5?ke Monster Rewards - Our token will reward all holders with an
automatic reward in Cake Monster! That means 5% of the 15% tax will go
to all of you directly holding Baby Cake Monster! The higher the volume
on Baby Cake Monster, The more rewards you get!
2️⃣ 6% BuyBack function! - 6% of the tax (converted to BNB) will first
be used to purchase Cake Monster for our level 5 NFT (There are none
left to mint but we got one on a loan from an investor in return for
tokens so he/she will continue to earn more cake monster)
Once we have enough to activate the rewards associated with the level 5
NFT we will begin to earn rewards ontop of those that we get just by
holding cake monster. (Level 5 NFT holders earn additional cake rewards
compared to regular holders of Cake Monster.) Since there are only 200
Level 5 NFTs this means this will be a larger cake reward! By holding
the NFT we will use the rewards sent to us to sell the cake and buy back
Baby Cake Monster! Thus a sophisticated buy back feature that will not
rely on continuous volume!
Once we have accumulated enough Cake Monster for our Level 5 NFT to
work, we will have a community vote to either leave the 6% tax as a
direct buyback, or decrease tax to 1% with increased Cake Monster
reflections!
3️⃣ Auto LP - 2% of transactions well be used and added to LP. This will
continue to make the price more stable with large purchases and sales!
4️⃣ Marketing - 2% of transactions will be used for marketing! Initially
we will be listed as a promoted coin on Coinvote as well as have banner
ads up! We will continue to post in large TG’s and get callouts from
known effective influencers across multiple social media groups!
Additional Information
N/A
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