CakeTools: A DeFi Tooling and Charting Hub

Having a clear direction of the market makes a better trading experience than taking up trades blindly. The importance of a chart tool that shows important updates and helps an investor analyze the market can not be overemphasized. These are a string of services CakeTools is set to offer to the DeFi community.

By
Wilfred Victor
on
April 7, 2021
Category:
Project Insight

What is CakeTools?

CakeTool is a DeFi charting hub for Binance Smart Chain trading. The tool will enable smart transactions for all BSC DeFi projects on decentralized exchanges.

 Help fetch real-time charts to analyze market movement, provide the community with data aggregated from all decentralized exchanges on the BSC network, track the growth of BSC projects and develop profitable investment strategies.


Key Features

  • Automatic Market Maker (AMM) aggregator 
  • Real-Time Charts
  • Token Browser
  • Wallet Tracker
  • Whale Browser


Project Components

Automatic Market Maker Aggregator: The project platform will feature a swap function that will aggregate tokens from PancakeSwap and BakerySwap. Users will not have to leave the CakeTool site to swap their tokens in real-time.

Real-Time Chart: 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.

Token Browser: 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.

Wallet Tracker: Get tons of on-chain data, view wallet history, and save/track wallets that interest you, including your wallets.

Whale Browser: 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.

The project hasn’t kicked off yet (scheduled to go live in early May) and is still open for private sales entry from interested community members. The membership plan will be tiered into three;

  • Basic (Free): Including price chart, bookmark for best pairs, stable coin pairs, whaleswap explorer, multiple swap interface, and a pair and pool explorer.
  • Ultimate: Monthly fee of $65/$100 0r hold at least 15 000 CKT and get access to the following features; Trade positions, data (trade) analysis, price alerts, whale information, CKT bot, live chart, and many more.
  • Boss: Mandatory hold of 75,000 CKT and access to; all Basic and Ultimate features and many more with no ads.


Tokenomics

Token Name: CakeTools

Token Symbol: CKT

Token Supply: 150 000, 000 CKT

Circulating Supply: NIL

Smart Contract Address: NIL

Holding the tokens will give users exclusive access to premium features and tools on the platform. 


Roadmap

The roadmap has been carefully set and committed, focusing on the platform development and trading tools.

Q1 Research

  • Research and Development
  • Fundraising
  • UI/UX Design

Q2 Development

  • Backend Development
  • Wallet and Web
  • DB Architecture
  • Pool Browser
  • Trending Now  Display

Q3 Enhancement

  • Price Alerts
  • Token Pair Watchlist
  • Subscription Tiers

Q4 Upgrading

  • Improved Functionality
  • Launchpad and Marketing Tool
  • Alternative Chain Support
  • More Integration from Community Feedback

Backend development, the pool browser, and the launchpad feature will bring a lot of interest into 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 live in Q3 2021.


Concluding Thoughts

With the increasing pools, token pairs, projects, and tokens in the BSC DeFi community, It has become increasingly difficult to keep track of all of the events and happenings going on with listed tokens, pools, and pairs.

CakeTools joins the list of projects offering chart service and essential tools needed in token trade and price data analytics.

Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.

This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.

For those who wish to learn more about CakeTools, check out the following resources and media pages:

Website

Twitter 

Telegram

Announcements

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Wilfred Victor

Ace finds himself as a blockchain enthusiast who is focused on growing with the entire crypto sector. He is an energetic and passionate writer who believes that all things are achievable.