There is currently a massive influx of users into BSC as they escape the hassles of the Ethereum network. This influx exposed a new problem: no tool catered for users’ needs such as getting real-time data on pools, liquidity, and volumes — until Cake Tools came on the scene.
Concept Project – What Is Cake Tools?
Cake Tools is a charting tool that provides users with data from all decentralized exchanges (DEX) on BSC. With these data, users can analyze market movements, track the growth of BSC projects, and develop winning investment strategies. Cake Tools will continue to improve in functionality to align with market dynamics.
They are staunch followers of the innovations of the Distributed Ledger Technology (D.L.T)/Blockchain, as well as cryptocurrencies made in the world. In the last decade, they have taken the time to follow the trends in the cryptocurrency industry learning the lessons that come with it and finding out ways they can contribute to making the crypto-economy better than it was.
What is the project trying to achieve?
Cake Tools will offer the following to users:
- Real-time data analysis
- Real-time market movements
- Information about listed pairs on DEX like PancakeSwap and BakerySwap
- And lots more
Cake Tools provides the community with data aggregated from all decentralized exchanges on Binance Smart Chain. Users can leverage our product to analyze market movements, track the growth of BSC projects, and develop profitable investment strategies. Cake Tools will align with the dynamism of the market to ensure that its functionalities continuously improve to meet user needs
What is unique selling point?
Aggregate Data from Different Sources
Cake Tools is filling the loop by introducing a variety of charting tools that you will rely on at all times. Using these tools, you are confident of making an informed trading and investment decision because we aggregate or source cryptocurrency-related data from multiple sources.
As part of our commitment to stick to the decentralization of cryptocurrency-related transactions, we opted to work with as many Decentralized Exchanges (DEXs) that accept our hand of friendship. What this means is that Cake Tools will work with several Decentralized Exchanges (DEXs) on the Binance Smart Chain ecosystem so we can consistently offer you updated and relevant data for your cryptocurrency transactions.
If cryptocurrency trading platforms can communicate with one another, it would have been easier to transfer value from one platform to the other. Currently, only a few projects, such as Polkadot, Cosmos, and Chainlink are operating interoperable blockchain networks.
They will integrate our standard trading tools on Decentralized Exchanges (DEXs), such as PancakeSwap, Uniswap, and BakerySwap. They will also extend our interoperable DEX trading tools to other Decentralized Exchanges that are powered by the Ethereum network.
Monitor the Market
Monitoring the market is an important step that every cryptocurrency trader will take to succeed. When you monitor the market, you will easily find out potential dumps and pumps so you can anchor your trades in the direction that will make you profits.
When you use the wide range of trading tools they offer via Cake Tools, you can rest assured that you wouldn’t be overly affected when the market retraces.
Data on Listed Crypto Trading Pairs
Do you want to find out the trading pairs of your favorite crypto assets? You don’t have to rush to CoinMarketCap or Coingecko to obtain the information you need.
Instead, you can use Cake Tools to do all that. They have already fine-tuned our collaboration with the PancakeSwap and BakerySwap Decentralized Exchanges (DEXs) as a way of helping our users to find out the trading pairs of the different crypto asset classes on PancakeSwap and BakerySwap.
Find out the Liquidity Levels
One of the reasons why cryptocurrency traders are disgruntled with some trading platforms is because liquidity levels are low. When there is no sufficient liquidity on a cryptocurrency exchange, transactions will be halted for some time.
So, how can you be informed on time about this so you don’t stay in the queue and end up losing your opportunity to make a better trade?
With the CakeTool chart system, users will be right on point with their trading decisions, i.e., when to enter and exit the market. The tool will provide real-time data to help traders make informed trading decisions.
Take off the hassles of searching your favorite tokens for analysis but instead bookmark and visit anytime. With the token browser, users can view any live token chart, bookmark their best trading pairs, and much more.
Get tons of on-chain data, view wallet history, and save/track wallets that interest you, including your wallets.
Keep a tab on large transactions, view large transfers, liquidity moves and follow big swaps, all on the whale browser feature on the CakeTool platform.
Backend development, the pool browser, and the launchpad feature will bring a lot of interest to the project once these features go live. A price alert system that takes off users’ need to continuously search their wallets for price updates is expected to come to life in Q3 2021.
CKT is the native token of caketools.io, which will be used to unlock the full features of our DApp. Unlike many DeFi projects, CKT will transcend being an idea on a white paper to a digital asset with real use cases.
- Token Name: CakeTools
- Ticker: CKT
- Blockchain: BSC
- Token Standard: ERC-20
- Contract: Updating
- Token Type: Updating
- Total Supply: 150,000,000 TRY
- Circulating Supply: Updating
Astronaut will be launching Caketools on November 17th at 3 PM UTC
- Caketools Astronaut Raise Amount: $100,000
- Max Contribution: $400
- Minimum contribution per wallet: No minumum
- $CKT per BUSD (IDO): $0.066 BUSD
- Total Raised: $200,000 BUSD
- Vesting: 60% TGE – 40% after one month.
Token release Schedule
Token Use Case
CKT holders will be able to gain access to all Caketools premium features. Platinum holders earn rewards or a portion of Caketools earnings. Full access to Caketools launchpad Limit orders fees paid with CKT.
How to own the token?
$CKT will be available on Pancakeswap
Market And Community
If there is any financial market in the world that has more opportunities to create wealth, it has to be the cryptocurrency market. This is not the traditional money market that involves intermediaries or other forms of centralized control. Yet, the market capitalization of the cryptocurrency industry has been on a steady rise. As more cryptocurrency projects and products are launched, more funds will be introduced to the market
Likewise, the Decentralized Finance (DeFi) ecosystem shares a huge chunk of the money flow because of the range of working products and asset classes that attract investors.
Worthy of mention is that the Decentralized Finance (DeFi) didn’t just break out of the bullish trend line like a cryptocurrency heading for the moon. Instead, it has been under intense developments in the last couple of years, especially in the days of Initial Coin Offerings (ICOs) when it was used as a model for raising seed funds for new cryptocurrency projects.
What we see today in DeFi is many years of innovations and resilience. It goes to show that the DeFi ecosystem is still set for another leg up as it surges for more market capitalizations in the cryptocurrency economy
In the past year, they have been working on developing a tool that will provide the community with data aggregated from all decentralized exchanges on Binance Smart Chain.
Conclusion and analysis
Cake Tools provides the community with data aggregated from all decentralized exchanges on Binance Smart Chain. Users can leverage their product to analyze market movements, track the growth of BSC projects, and develop profitable investment strategies.
Cake Tools will align with the dynamism of the market to ensure that its functionalities continuously improve to meet user needs
Find more information about Cake Tools:
- Website: https://CakeTools.io
- Telegram Group:https://t.me/CakeToolsio
- Channel: https://t.me/CakeToolsAnn
- Twitter2: https://twitter.com/caketoolsio
- Twitter: https://Twitter.com/cake_tools
- Instagram: https://www.instagram.com/caketools.io/
If you have any questions, comments, suggestions, or ideas about the project, please email [email protected].
DISCLAIMER: The information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.