https://reddit.com/link/x3a1fd/video/d4k4k8uui9l91/player
JollyCake 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 9% of every transaction is split into ->
• 7% CAKE is redistributed to holders.
• 1% is used to fuel the liquidity pool exchange growth.
• 1% CAKE is allocated to the Buy back / Marketing wallet.
$JCAKE Token Information
• Total : 1,000,000,000
• Burn: 200,000,000 (20%)
• ILO: 720,000,000 (72%)
• Marketing: 50,000,000 (5%)
• Team: 30,000,000 (3%)
• 100% Liquidity Locked 1 Year
• Fair Launch: 08/20/2022 23:00:00 UTC
Minimum token balance is 20,000 JCAKE tokens to receive CAKE distributions.
Security of JollyCake
Locked Liquidity : Initial liquidity are locked for 12 months to provide holders with peace of mind that the token can always be exchanged. A trusted 3rd party, DXSALE, will operate as the middle man to ensure that all raised liquidity is locked in a secure locker for the full timeframe.
Ownership Renounced : As the contract no longer has a owner, it is impossible to modify it, thus total security is guaranteed.
Team Doxxed : We can't provide a better guarantee identity and our faces, the objective is to assure everyone that JollyCake are not here for a short time but intend to settle down and stay.
Audit : 2 Audits ! Yes 2 ! One by techrate, one by soken and… it's no over … a a third is coming soon :=) tomorrow
• The token contract is verified and available for viewing on bscscan.
Classic Redistribution
This is a concept that was popularized by Safemoon. The mechanism incentivizes token holders to hold in order to earn dividends from the transactions (buys and sells).
Redistribution is based on percentage (in the contract), current token balance and number of holders. You receive more tokens automatically.
JollyCake Redistribution
We created a unique system that auto-claims for every single holder the amount due. We call it the JollyCake Machine. 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 JCAKE tokens amount is persistent and won’t change.
Note: In periods of low volume CAKE may not be sent out every hour, but don’t worry. It accumulates and is then sent when ready. You’ll never miss out.
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 (bigger token transfers can process more, since the gas will still be proportionally less than the value of the tokens).
• The token is based on a Dividend-Paying Token Standard, which means all CAKE the contract gains will be split equally proportionally to the token holders.
• When a user is processed, the contract checks how many withdrawable dividends they have, and if it is above the minimum threshold for auto-claims, will either automatically claim those dividends for CAKE, or automatically buy back tokens for them.
This system is fully automated and doesn’t add minimal gas fees proportional to value transferred. The number of holders processed through each transaction is dynamic and based on transaction size. Holders will receive dividends from the queue based on their position in the array. It’s a fair system, fully automated.
Additional Links
Website: https://jollycake.space/
For any additional questions, the JollyCake Team or the community will be happy to answer you on telegram