Saturday 24 April 2021 ,10PM GMT+7

Joel  : Hello everyone welcome back again to AMA series FCM. Today we will have an AMA with Mr King Dave as CEO of Cake Tools and  Joshua OTTI From Cake Tools Team 🥳🥳🥳

Hi Mr King Dave and Mr. Josh45 from Cake Tools, thank you for having AMA in here. Will you say hi to our community 😀?

King Dave : thank you so much for having us here

Mr josh : Thank you for having us here

Joel : I’ll explain a little bit about how the AMA will works today

There are 3 segment in this AMA

Segment 1: Project Introduction

Segment 2: Question from Twitter

Segment 3: Free Asking

SESSION INTRODUCTION PROJECT

Q1. Can you explain to us a little about your background before entering the cryptocurrency world and why did you finally create this project and become Co-Founder of CakeTools?

King Dave : i am david eze  cofounder of caketools i have been involved with so many blockchain projects and i early investor in many defi startups, we have a team of 3 solidity devs and 10+ community mangers who sees the day to day activities in the caketools community

Mr josh : I am Joshua OTTI, a 5 year veteran of online marketing and stock trading who has more recently turned to sharing my experience, strategy and knowledge with the cryptocurrency world, both as trader and adviser. Providing extensive, in-depth and analytical advice and insight at all levels and has previously supported a host of successful projects helping them to generate tens of thousands of bitcoins and other cryptos.

Q2. Can you explain to us what CakeTools is?  What features do you have in this project?  And what are the strengths of this project?

King Dave : We aim to provide and maintain standard tools for DEX trading that would enable BSC users to:

Get real-time data analysis

Get real-time market movements

Search and provide information about listed pairs on exchanges like PancakeSwap and BakerySwap

See liquidity levels

And lots more

yes we are really prepared on this project

we are building a solid features that are not readily available on other chart tools, we are pulling more information on the token, like the liquidity lock, Team token lock,, these are details which are not easily seen by bsc communities we are making it earlier for everyone to access all this information all in one interface.

Q3. What is the purpose of CakeTools and what contribution do you want your project to give to the world of cryptocurency?

Mr josh : Cake tools will provide an in-depth chart analysis of all bsc transactions and day to day market activity

King Dave : sure our vision is clear and Cake Tools aims to 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.

Q4. Can you tell us when will your application be launched? And later what can the user do through this app?

King Dave : caketools wed dapp will be ready by may tentatively as we have already completed 90% of work and we are just at the fundraising stage currently , cake tools private sale rounds is open and everyone can join before it closes and have the opportunity to get in as early investors and backers

users willl be able to use the add to view new and listed tokens

Get real-time data analysis

Get real-time market movements

Search and provide information about listed pairs on exchanges like PancakeSwap and BakerySwap

See liquidity levels

our dapp will have free features and also premium features

our beta version will be free to use for all at launch

there are basic features which will be free to use like virew charts,see real time transactions,liquidity levels

premium features includes price alerts out your emails,telegram, whales wallet tracking

have access to more bookmarks of your favorite tokens and pairs  than the basic , have access to private sales and more information on tokens our partners are incubating and many more cool features

will be added just keep follow us on our update channels

Q5. Can you explain in more detail about your presale?  How to join your presale?  How many tokens are provided?  What is the minimum investment to be able to participate in CakeTools presale?

King Davem : sure our private sale is on now and you can get in here [Forwarded from CakeTools Announcemnt]

Here is the forms to fill and get into the  Private Sale rounds                             

STEP 1:  https://forms.gle/YB7Qctcyy6tz4Q9y6   

(You must complete step 1 before step 2)                                        

STEP 2:  https://forms.gle/cqknAU9CFgSVS8aZ7

Total Supply : 150,000,000 CKT

SALE : 31% of total supply = 46,500,000 CKT

SESSION QUESTION FROM TWITTER

Q1. From @lolyfee : Media platforms are in the habit of manipulation of content creators through charges of high commission. How do we sure that #CakeTools will not do the same?

King Dave:  sure the team tokens and all investors token will be properly vested and locked and only release at the maturity date, at listing the liquidity will be locked for 1 year

everything will be transparent for all to see

remember our IDO will be done by top notch launchpads

Mr josh : Cake tools has already started a journey toward transparency by making owners and people behind project known , we intend to run a smooth project which will serve the bsc community appropriately and the crypto community at large

Q2. From @Mira9856 : As You know, Many people judge a Project By the Token price, What do you have to Say to investors? What’s the plan to increase the Token Demand?

King Dave : we are community driven and building based on our community feedbacks, we will continue to integrate and partner with valuable projects that are vital the the growth of caketools and by so we drive the value of ckt,

Q3. From @Prasadperaka : Blockchain has many disadvantages as well, how do you plan to merge blockchain as well as existing technology to make it more secure?

King Dave : The rise in Ethereum blockchain use cases created a problem: high gas fees. These high gas fees make it impossible for traders to perform and complete transactions with ERC-20 projects over the Ethereum network.

The Binance Smart Chain offers a flexible platform for developing high-performance decentralized applications. It is a blockchain optimized for fast trading and low network fees.

With the DeFi ecosystem being the hotbed for many projects and users saying goodbye to the transaction hassles of the Ethereum network, there is a high influx of users into Binance Smart Chain.

However, users have no access to tools to get real-time data on pools, liquidity, and volumes. This is the lacuna Cake Tools has come to fill.

Q4. From @Afran145 : Your mission is for apps to implement loyalty programs that drive engagement and empower users financially. What specific loyalty features will these programs reward? And how will they qualify an action as loyal or not?

King Dave : if i get this question right you ask if there will be rewards for loyal holders right ? if that’s the question i can boldly say it here that we have in our tokenomics CKTrewards its distributed monthly for 12 months for loyal holders how holder a certain amount of tokens for a long time and we also have incentives for those who will provide liquidity in the pool

Q5. From @mcgiangtien : What CakeTools do with the notorious mass adoption? How do you suggest ordinary people, ordinary people, aged, older generation, to switch from centralized services to CakeTools ?

King Dave : caketools is a charting tools not that will be providing defi users/community charts to strategize and be more profitable we are not trying to improve trading on dex to make it attractive to dex users as it is on cex.

SESSION FREE ASKING

Mars Crypto Community  : I would like to have a long term investment with your project but at the moment I have doubts, how can you convince and convince me that this project is very promising?

Mr josh : Our community is driven by transparency and longevity we have already stated how we intend to achieve this by locking liquidity for 1 year providing enough time for the token to gain proper market balance

Wajib Ahmed : What about your team background ? are dev anonymous and how many members are in your team?

Mr josh : Our devs are not anonymous , and owners as well are public

Mars Crypto Community : What are your status regarding the audit of your smart contracts and Security mechanisms to guard and assure the participants of the ecosystem?

Mr josh : Our contracts has been properly audited by certik and can be confirmed as well

Samantha Gaylord : Ethereum is a very slow and high price tag for gas. Do the CakeTools team plan to partner with other blockchain networks like Polkadot or Binance Smart Chain?

King Dave : The rise in Ethereum use cases created a problem: high gas fees. These high gas fees make it impossible for traders to perform and complete transactions with ERC-20 projects over the Ethereum network. The Binance Smart Chain offers a flexible platform for developing high-performance decentralized applications. It is a blockchain optimized for fast trading and low network fees.

With the DeFi ecosystem being the hotbed for many projects and users saying goodbye to the transaction hassles of the Ethereum network, there is a high influx of users into Binance Smart Chain. 

However, users have no access to tools to get real-time data on pools, liquidity, and volumes. This is the lacuna Cake Tools has come to fill.

Javen : Smart contracts are vulnerable to bugs, and even recently three big new DeFi projects were victims of this, costing users funds. How efficient and secured is your smart contract, and did you ever audit it via any external party?

King Dave : we have our codes been audited by https://www.certik.org/projects/caketools

and have secured partnerships with bsc.news https://www.bsc.news/post/caketools-a-defi-tooling-and-charting-hub

please guys join our channel for more updates and ask questions if not answered here

Website : https://caketools.io/

Telegram Group : https://t.me/caketoolsio

Telegram Channel : https://t.me/CaketoolsAnn

Twitter : https://twitter.com/cake_tools

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