The Cakecity project started on a very good note with its swift platform developments, to the start of its presale which happened in three stages and to the recently announced concluded events. In just a few mins, the moment we all have been waiting for is upon us, as the platform will go live, in order to allow all Cakecity citizens to start mining the CKE token and also earning.
We have spent the last few weeks working to the best of our powers to make sure we deliver all what was stated on the Cakecity city paper as promised. Even while the presale didn’t go as we hoped, we still pushed with several integrations to make sure the Cakecity platform is as seamless as possible for the easy access by our community and it’s with great pleasure we can gladly say all went well and the launch is underway in a few mins.
We are using this moment to appreciate our supportive community members who have shown their immense support to the cakecity developmental progress and have given us the opportunity through their respective backings to build something unique, which has never been built upon the blockchain.
The Cakecity team appreciates and promises to keep adding new fascinating features to the Cakecity platform inorder to have a sane community of $CKe farmers and earners. With that said, allow me to reintroduce to you, the ultimate Cakecity platform which everyone has been waiting for.
Why the presale was delayed and what users didn’t understand
It is true we did faced some bottleneck around the presale event which was due to several factors such as;
1. Huge Eth Fee: The high ethereum fee charges made many of our early investors to complained while some even vowed not to buy because of the high Ethereum network TX fee, this really made a negative impact on the presale and by the time we tried to move from ETH to the BSC chain, it was too late as many doesn’t even care and others weren’t aware.
2. Lack Of Understanding: Many users in the crypto space might have gotten several miscommunication that might have dragged their minds around what Cakecity platform is, the Cakecity platform has a unique DeFi code unlike other DeFi platforms, its systematic algorithm codes separates it from other DeFi platforms.
The cakecity platform has a unique DeFi code because of its advanced algorithm unlike any other blockchain DeFi softwares, so many complained saying the presale price was on the high side and didn’t amount to its value while in actual sense it wasn’t because of the CKE token but was so because of limited low supply and the advanced Cakecity platform.
Where Do We Go From Here?
The journey wasn’t easy and the one in front of us won’t be also easy, but i can gladly say we are up to the task, as we progress into another core phase to the platform managements, a lot of factors might hinder us but we won’t let that hold us down but rather push through with absolutely great results.
We are dedicated to making sure the Cakecity as a product becomes the envy of the crypto DeFi world and as a community we can do this together.
HOW THE CAKECITY WORKS?
The CAKECITY is the first city of blockchain to farm and earn CKE.
The CAKECITY has 2 cities that present 2 major user categories: STAKE district (Yield Farming) and FARM district (Vault earning).
For a high-level understanding of how it works, consider the following situations.
Before proceeding, note the following general information that apply to both STAKE and FARM on the platform.
Supported Blockchains: Binance Smart Chain (MVP phase). In the future, CAKECITY will have multi-chain support and cross-chain integrations such as Polkadot and Solana.
Supported Tokens: BEP-20 (MVP phase). In the future, CAKECITY will integrate ERC721, ERC1155 along with multi-chain token standards.
Supported Wallets: MetaMask and Wallet Connect (MVP phase). In the future, CAKECITY will integrate Coinbase Wallet, Fortmatic, and Portis, as well as other non-ERC20 wallets.
FARM district (Vault)
We support user deposit token into Vault and receive ckeTokenAsset that can use as underlying assets in STAKE district later, in this MVP phase, we support:
StableCoin: deposit BUSD receive ccBUSD
WBNB: deposit WBNB receive ccWBNB
AMMs tokens:deposit ETH receive ccETH
CKE liquidity: deposit Pancake LPs (Cake LP) receive ccPANCAKE:CKE-BNB
Step by step to deposit into Vault:
Step 1: Go to cakecity.org
Step 2: Select FARM district and connect your wallet with Metamask or Wallet Connect
Step 3: Select assets you want to deposit
For ccPANCAKE:CKE-BNB, you have to addLiquidity for pair CKE-BNB on Pancakeswap, then go back here to deposit.
Step 4: Input the amount of token you want to deposit, click Deposit (or Deposit and Stake), then confirm your transaction on the wallet.
Step by step to withdraw from Vault:
Step 1: Go to cakecity.org
Step 2: Select FARM district and connect your wallet with Metamask or Wallet Connect
Step 3: Scroll down and switch Deposit to Withdraw (bottom-left)
Step 4: Input the amount of ckeTokenAsset you want to withdraw, click Withdraw (or Unstake and Withdraw), then confirm your transaction on the wallet.
STAKE district (Yield-Farming)
CAKECITY staking pool is a place where people can earn CKE by depositing
ckeTokenAsset.
A place where you can “put your money to work” while you are sleeping. Our staking pool pays rewards to users every time.
At the beginning of every week, our dev will notify and distribute more CKE reward tokens to each staking pool. Later when we set up our DaoVote for CKE’s holder, the amount of reward that is distributed to each pool every week will layone vote result of the pool, not us.
Step by step to stake into Staking Pool:
Step 1: Go to cakecity.org
Step 2: Select STAKE district and connect your wallet with Metamask or Wallet Connect
Step 3: Select a pool that you want to stake
Step 4: Input the amount of ckeTokenAsset you want to stake, click Stake, then confirm your transaction on the wallet.
Step by step to harvest (or unstake and harvest) CKE reward from Staking Pool:
Step 1: Go to cakecity.org
Step 2: Select STAKE district and connect your wallet with Metamask or Wallet Connect
Step 3: Select a pool that you already staked, then you see the amount of CKE earned.
Step 4: Click Claim (or Unstake and Claim), then confirm your transaction on the wallet.
Please note that the greater the participation in a staking pool, the lower the reward paid to each participant per second (and therefore APY) becomes.
Welcome To Cakecity And Happy Farming
Team Cakecity