描述
?We want to get everyone in on the action of the Level 5 NFT as well as their cake benefits! Thus we have created Baby Cake Monster?
??Earn Cake Monster in Automatic Rewards plus more!??
??One of the hottest growing cryptocurrencies right now is the Cake Monster Protocol! If you haven?t heard about Cake Monster I suggest you head over there and check it out! In a nutshell they have staked over $650,000 into autocake and will be sending it out to holders based on % owned and to those holding their level 5 NFT (Only 200 exist).
?? Tokenomics explained! ??
1?? 5% Cake 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!
2?? 6% BuyBack function! - 6% of the tax. Used to buy Cake Monster to active our level 5 NFT. Level 5 NFT holders will 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!
