Tokenomics
Ticker: CAKEW
Contract Address 1: 0x8a521189BfEDf99b1Dc84BC21571cF8B799DbD4D
Chain 1: Ethereum PoW (ETHW)
Contract Address 2: 0x2876992CDD3B48a08375768D7FC7f4ac7154D114
Chain 2: Binance Smart Chain (BSC)
CAKEW is the delicious token that powers the CakeWSwap ecosystem. Earn CAKEW from Farms and Syrup Pools, win it in the lottery, or buy it on the exchange, then explore its use cases:
- Stake it in Syrup Pools to earn free tokens
- Use it in Yield Farms to earn more CAKEW
- Buy Lottery tickets in the CakeWSwap Lottery
- Participate in IFO Token Sales
- Create your CakeWSwap Profile and mint NFTs
- Vote on proposals relating to the CakeWSwap ecosystem
But that's not all there's much more on the horizon for CAKEW!
Metric | Emission/block (CAKEW) | Emission/day (CAKEW) |
|---|---|---|
Emission | 1 | 6,700 |
Therefore, the effective emissions are now even lower.
In addition to the above, a dynamic amount of CAKEW is also minted to the Dev address at a rate of 9.09%. This means that if 100 CAKEW are harvested, then 9.09 CAKEW is minted in addition and sent to the Dev Address.
Distributed to | Reward/block (% of emission) | Reward/block (total CAKEW) | Reward/day |
|---|---|---|---|
Farms | ~5.03% | ~2.0138 | 58,000 (approx) |
Lottery | ~0.35% | ~0.1389 | 4,000 (approx) |
CAKEW Syrup Pool | ~22.5% | ~9 | 259,200 (approx) |
Total Daily CAKEW Emission | | | 321,200 (approx) |
Yes, CAKEW now has a hard cap of 750M as outlined in our litepaper.
The chefs aim to make deflation higher than emission by building deflationary mechanisms into CakeWSwap’s products. The goal is for more CAKEW to leave circulation than the amount of CAKEW that's produced.
By reducing the amount of CAKEW made per block, we slow inflation. But we don't want to do this too frequently, too early, we want to still incentivize people to provide liquidity.
The CakeWSwap bug bounty program is focused around our smart contracts, websites, and apps with a primary interest in the prevention of loss of user funds, either by direct draining of locked funds or social engineering attacks by redirecting users or forcing them to sign a transaction.
Level | Text |
|---|---|
Critical | Critical up to USD $1,000,000 |
High | High USD $40,000 |
Medium | Medium USD $5,000 |
Low | Low USD $1,000 |
*All bug reports must include a Proof of Concept demonstrating how the vulnerability can be exploited to be eligible for a reward. This may be a smart contract itself or a transaction.
Level | Text |
|---|---|
Critical* USD | $7,500 |
High USD | $4,000 |
Medium USD | $1,500 |
*XSS reports are restricted to those that have an impact of prompting a user to sign a transaction or a redirect. All payouts are done by the CakeWSwap team and are pegged to the USD values set here and are payable in CAKEW.
Last modified 5mo ago