Baby Cake is a $CAKE reflection token launched on the Binance Smart Chain (BSC). Baby Cake aims to bring DeFi to the masses with its 3-click app. Decentralized finance is a complicated system to enter as it utilizes technologies to remove intermediaries and banks from financial markets. According to the whitepaper, Baby Cake aims to benefit people to start earning passive income for even those who do not know DeFi space.

Being a reflection token, Baby Cake pays dividends in a previously existing token instead of its own. The dividends are paid out in the form of $CAKE. $CAKE is a premier BSC Swap on the market.

There is a 10% tax, and an additional 1% fee is applied to all sales to encourage holding and lessen whale manipulation. The tokenomics may change as per market conditions.

A static reward system is also implied wherein the 10% tax is split as follows:

To seek to earn dividends from the transactions, holders need to hold the Baby Cake in their wallet and earn passive income in $CAKE. The auto-claim feature allows the CAKE rewards to be automatically sent to the holder's wallet. This dividend depends on the volume and the proportion the Baby Cake holders hold in their wallets.

Baby Cake's contract is certified by Certik, a famous blockchain security firm that is considered a standard of contract security.

As per the whitepaper, the BabyCake contract seeks to include the following details:

Baby Cake was launched on PancakeSwap Exchange on July 17, 2021. There was no presale and no ICO; thus, everyone could purchase Baby Cake from the launch.

"Monk" is the founder of Baby Cake who doxed himself by the video when BabyCake hit a 50 million market cap. He further doxed in October 2021 on the declaration of BabyCake being a platinum sponsor at the Dubai Crypto Expo Conference and Global DeFi Investment Summit.

Frank is the newly appointed CEO who is also fully doxed.

We update our BabyCake to USD currency in real-time. Get the live price of BabyCake on Coinbase.