The CAKEDOGE Whitepaper aims to educate readers on our vision, strategy and roadmap. Below we illustrate in detail our unique redistribution mechanism. It’s an engineering achievement unheard of until now in the BSC ecosystem. We are happy to be the pioneers and are excited to showcase the new use cases that this will enable. Safemoon was the one to bring awareness around RFI and HODL rewards. CAKEDOGE will carry the innovation torch forward. We will share our vision with the world: the auto-claim CAKE reward mechanism.
CAKEDOGE is the next evolution of a yield-generating contract on the Binance Smart Chain
(BSC): you get rewarded in CAKE instead of tokens.The token contract employs a static
rewards system—15% of every transaction is split in three:
– 8% CAKE is redistributed to holders
– 2% is used to fuel the liquidity pool exchange growth
– 5% CAKE is allocated to the Buy back / Marketing wallet.
We created a unique system that auto-claims for every single holder the amount due. We call it the CAKEDOGE PROTOCOL.
The way it works for holders: You buy tokens and hold them, every 60 minutes you’ll automatically receive CAKE in your wallet. Not a single action is required.
Your CAKEDOGE tokens amount is persistent and won’t change.
Behind the scenes:
The contract keeps track in an array of all token holders
– The contract keeps an index into the array for processing
– Every transaction processes a certain number of users, depending on the transaction size