BSC
Token price
Activities
Info
Loading chart...
Market cap
24h vol
Holders
Total liquidity
-
Balance: $0
($1.9)
Buy
Sell
Type | Amount | Price | Wallet | Time |
|---|---|---|---|---|
Data provided by
CoinMarketCap.comWhat is UniCAKE? UniCAKE Baked with love❤️, build and driven by the community. UniCAKE is not just another reflection token, and we are sure not just another community driven project, we aim to be more than that. Our goal is to build a strong community with a project really built and owned by the community. Building such a project involves more than creating a reflection token and renouncing the ownership. It all sounds good but there are a few problems with that approach.
Rewarding Rewarding holders with tokens or with dividends of another more stable token is a good incentive to keep people enthusiastic about a project and let them earn money without selling their tokens. Still, the reflection/rewarding model is based on the volume that the token generates from trading. High volume means high payouts, and low volume means low payouts. When the momentum of a heavily hyped project declines, the rewards will decline with it, this is normal, but if the project solely relies on it, it’s a problem.
Renounce Ownership Renouncing ownership is an excellent way to gain trust for a community project, but we think it is not good to do right at the beginning of a project just to gain trust. A smart contract with a renounced ownership is like an abandoned project, with a community hoping to moon anytime soon (there are a few exceptions). A bigger problem with these projects is that it’s impossible to fix bugs and security issues. Some of the biggest projects out there are vulnerable to attacks that can drain their liquidity, and these projects can’t do anything to fix them.
Powered by Coingecko
Flooz.xyz and related logos are trademarks of Flooz Inc., or its Affiliates. The views or opinions expressed herein do not necessarily reflect the views of Flooz and summaries information only. The content presented herein, is provided for general informational purposes only. Such content may rely on third-party sources. We do not make any warranties, whether express or implied, regarding the accuracy or actuality of the information provided. We do not explicitly or implicitly assume liability or provide any guarantee regarding the timeliness, accuracy, sufficiency, or completeness of the information provided. Additionally, we do not accept responsibility for any financial losses resulting from the use of the information displayed. No content on our Site constitutes a solicitation or offer. Any prices displayed are for illustrative purposes only, and actual prices and statistics may vary. None of the content we provide should be construed as financial advice or any other form of advice. Reliance on the content displayed is entirely at your own risk and discretion. It is imperative that you conduct your own research, review, analysis, and verification of the content displayed before making any decisions. You are solely responsible for your investment decisions. The information provided on this Site is not a substitute for personalised investment advice that is tailored to your individual needs. Trading is inherently risky and can result in significant losses. It is advisable to consult with a qualified financial advisor before making any investment decisions. The acquisition of securities or cryptocurrencies carries risks that may lead to a complete loss of the invested capital.
By continuing you're agreeing to our Privacy Policy.
© 2024 Flooz · v1.68.0