KittyCake Token (KCAKE) is an emerging financial project that seeks to allow users to earn passive rewards every hour without prior knowledge of finance or cryptocurrency. The project aims to remove any third-party involvement from the financial market. Here, the third party refers to middlemen, intermediaries, and banks. The project relies on Binance Smart Chain (BSC) to pay the users. Binance Smart Chain (BSC) is a blockchain that improves the functionality of smart contracts and compatibility with Ethereum programs. The users receive dividends in the form of $CAKE, an already established token. Dividends refer to earnings from a cryptocurrency asset distributed among selected users. 

To receive dividends, the user must hold a minimum token balance of 200,000 KittyCake. The smart contract keeps a record of each user and their dividends in a list. The entire process to provide dividends seeks to ensure transparency and security. Further, the token has locked the liquidity pool for nine years that aims to allow users to trade safely. Liquidity means when an asset converts itself into a real-world economy. 

According to the whitepaper, KCAKE is the ticker name of the KittyCake token that follows BEP-20 standards. BEP-20 is a BSC token standard that is similar to and compatible with Binance Chain BEP-2 and Ethereum ERC-20. Furthermore, the token charges a 10% tax on trading crypto assets. Of the tax, 5% gets redistributed to the users, 1% goes to the liquidity pool, and 4% goes to the marketing wallet. The token charges an extra 1% tax on all transactions to encourage the holding of tokens and avoid swing trading. Swing trading means staking crypto assets for a few days that may last up to several months to earn a profit.

The KittyCake Token (KCAKE) came into existence in July 2021.  KCAKE has a maximum total supply of 100,000,000,000 KCAKE.

We werken onze Kitty Cake naar EUR valuta in realtime bij. Ontvang de actuele prijs van Kitty Cake op Coinbase.