BakeryFarm
Last updated
Last updated
The BakeryFarm will have his own Polysyrup (PSYRUP) token. PSYRUP has been designed specifically to reward loyal polycake community members, who stick with us through thick and thin.
Total Supply:- 5 Million
Ticker:- PSYRUP
Contract Address:- 0xa06daf1e2AE72f5DAE49DDA32d7EE28A50aE781a
How does it work? Pretty simple. The Polysyrup (or better known as it’s ticker symbol — PSYRUP) has a number of properties...
Passive Farming 🌴
PSYRUP is a reflect token with a 4% transfer fee. PSYRUP holders get a share of the fee proportional to their holdings just by having it in their wallets!
Exclusive Pool Access 💧
PSYRUP will have access to exclusive pool in cake house. Stake PSYRUP and enter exclusive pools to earn other tokens!
Burning 🔥
Community wouldn’t let us release something without a pyromaniac feature to burn PCAKE. To purchase $PSYRUP there is a 15% burn fee + the 4% reflect fee, resulting in a 19% cost when going from PCAKE → PSYRUP
Backed 1:1 by PCAKE
The PSYRUP is ultimately backed 1:1 by PCAKE. You can always swap your PSYRUP back to PCAKE. This would all come after the 19% fee so be mindful if you’re thinking of going back!
If someone wants to sell their precious PCAKE, that supply is locked up in a treasury fund and ultimately available for purchase from the next person that wants PSYRUP. As a user you get 1 PCAKE per PSYRUP when you sell.
Note: POLYCAKE does not control or own the treasury supply! It is a smart contract that controls all the above mechanics .
Let's walk through an example. If Shane wanted to spend 100 PCAKE to get the incredible PSYRUP, he would ultimately receive 81 PSYRUP. This is due to the 4% reflect fee and the 15% burn fee. REMEMBER you DO NOT get those fees back if you were to swap back to PCAKE down the line.
Shane could then hold those PSYRUP to earn through reflect fee, stake those PSYRUP to earn other tokens, use them to buy special NFT in coming days & will get special allocation on launchpad project launch.
Note:-The PSYRUP does not have a price nor will we open up a trading pair or farm for it. Its core utility will be the functions outlined above.
