In this meeting I will discuss a project related to Mining. What is Mining? Check out the explanation.
Bitcoin mining is one of the ways to get Bitcoin. As mentioned earlier, we can view Bitcoin as a large global cash system that stores a history of transactions (or “money movements”) from one person to another. When Bitcoin transactions are processed on the Bitcoin network — meaning Bitcoin is being transferred from one person to another — one needs to make sure that all transactions are properly recorded and that cash systems are synchronized around the world. In the case of Bitcoin, this process is not carried out by individuals or companies, but by thousands of computers around the world connected to the internet. These computers are known as miners or “miners”. In simple terms, they are “computers that process transactions”.
Cloud Mining is the process of mining bitcoin using remote data centers with shared processing power. This type of cloud mining allows users to mine bitcoin or alternative cryptocurrencies without managing hardware. Mining rigs are placed and maintained at a facility owned by the mining company and the customer only needs to register and purchase a mining contract or stock. Since Cloud Mining is provided as a service there is usually some cost and this can result in lower returns for miners.
Hosted mining equipment users can lease physical mining servers or virtual private servers and install mining software on the machines. Instead of hiring dedicated servers, some services offer hashing power hosted in the data center for sale in gigahash / second (GH / s). Users can select the amount of hashing power they want and the period for the contract or in some cases can trade their hashing power.
Judging from the development of the technology world, crypto is now on the rise due to more and more interest from people. So that it has led to many projects lately, one of which is based on Mining, namely BucksCake.
BKC is a DeFi protocol that aims to provide maximal recoil of the Ethereum ecosystem for everyone with access to the internet. BKC is unique by it’s providing a completely secure and transparent experience proved by smart contracts and a powerful token system. BKC offers a lot of services, ranging from staking and yield farming, that users can got access on the unified BucksCake platform.
- Ultra — Liquid | Users are interested in placing their tokens with the liquidity provider Uniswap. Commissions from these tokens are farmed. The percentage of these commissions is distributed according to an autonomous strategy, like the liquidity of the LP token, and is converted into (ETH-BKC) buyback (increasing the price). Any purchased BKC tokens will be delivered to stakers/farmers.
- Inflation Proof | BKC has a strong impact on every token. Every time BKC token is transferred, a small commission is charged straightly by the farmers. This mechanism of work encourages holding and farming. The maximum number of BKC tokens is 450,000 units. And there will never be more of them.
- Community Controlled | BKC has a strong impact on every token. Every time BKC token is transferred, a small commission is charged straightly by the farmers. This mechanism of work encourages holding and farming. The maximum number of BKC tokens is 450,000 units. And there will never be more of them.
Initial BKCs will be distributed during a pre-sale event, during which a part of received ETH will be swapped for BKC giving the project its first “price pump”. After the pre-sale ends, Unsold BKCs will be distributed between users as a one-time subsidy. As marked earlier, BKC doesn’t have mining capability, the BKC cap (450,000) is fixed forever. There is no way to release more BKC. Part of unsold BKCs will be used to add liquidity to other DEX platforms such as SushiSwap, and some of them will be handed out as Airdrop to first investors and media partners and some will be burned.
The BKC staking protocol allows users to stake ETH, USDT, DAI, USDC, WBTC, BNB(ERC20) and of course BKC using a specialized Staking DApp. By a locking period of 72 hours, users can directly control their own tokens. The BKC Staking DApp can be found at: ssilka
Yield Farming, or as some call it Liquidity Mining, is the main pillar of DeFi’s advancement in the blockchain space. Yield Farming is a way to accumulate income from invested funds. BKC Farming allows you to earn rewards for providing liquidity in various liquidity pools. Users will be provided with guaranteed payouts from Uniswap commissions. The amount of the reward depends on the number of tokens provided for the liquidity of the pool.
User A’s Share: (UNI-V2 deposited by you I contract’s total balance of UNI-V2) For example if there are 9000 UNI-V2 (BKC/ETH) Pooled tokens in this Vault, and a user deposits 1000 UNI-V2. The contract’s total balance of UNI-V2(BKC-ETH) Pooled tokens becomes 10,000.
And User A’s share now is: 1000 / 10,000 = 10 %
If user “B” deposits 10000 more UNI-V2(BKC-ETH) Pooled tokens to this vault, the contract’s total balance of UNI-V2(BKC-ETH) Pooled tokens becomes 20,000.
User A’s new share becomes: 1000 / 20,000 = 5%
If 200 BETH2 tokens are distributed to this vault per month, User A’s earnings would be 200 x his share in % At 5% share, the earnings would be 200 x 5% = 10 BETH2
BKC is an ERC20 token and is used in every service available on BucksCake. Maximum supply is 450,000 BKC tokens. Token is deflational and the burning mechanism will destroy the tokens that are on farming and staking after a while, leaving the final number of tokens (450,000–90,000) tokens.
In total, up to 90,000 tokens will be removed from the ecosystem and a report on this will be published in our communities.
BKC PRICE IS RISING EVERY DAY
BECOME ONE OF US
Don’t lose the opportunity to buy BKCs in first rounds!
1st Round price is 2 USDT — 12th Round price will be 20 USDT.
The Exchanges will list price after Pre-sale and it won’t be less.
Only 94,500 BKCs will be sold.
author : herlambang18
eth : 0x0a9977835a0902DD302B8DFE2aCe96EB6E135751