Cafeswap is a yield farming and staking platform on the Binance Smart Chain, driven by a talented team and fueled by an amazing community.
What is CafeSwap?
CafeSwap Finance consists of a talented team of developers, designers, and marketers that aim to revolutionize yield farming and staking in BSC. Its products are positioned to provide the best value for its platform users and a precise edge against existing solutions.
The core vision is a community-driven protocol where a positive and inclusive protocol can be achieved through strategic partnerships.
Auto Compounding Vaults
Dual Reward NFT Staking
Yield Farming and Staking: The platform boasts a fully decentralized farming and staking platform.
The stake pool utilizing single staking of the BREW token, the native token of the platform. Like the Farm, it boasts some of the highest APR. Only three token pools are available on the pool; BREW, DITTO, and SALT pools.
A BUSD and USDT staking pool will be opened in the future for those who want to earn BREW with their stable coins. Both pools will have a minimum deposit fee of 3%, which will be used as an additional buyback and burn mechanism. This will regulate BREW token total supply to improve on the value. The pool will be implemented on a special contract called the CafeChef, which the team describes as unruggable as the code will come without a mint or migrator function.
The stake pool also has a burn mechanism using a 9% fee on every harvest transaction made by users. 50% of the fees are burned weekly and the rest are used for the development,marketing and partnerships.
The Yield Farming and the Stake platform offer high yields for protocol users. That’s not the only attractive aspect of the protocol. The Dex platform is already live.
CafeDEX is now live on the mainnet; users can now enjoy fast and low transactions within the Dex. The protocol is audited by HashEx, a top auditor firm within the Binance Smart Chain ecosystem.
Users can swap, trade, provide liquidity, and use the integrated Binance Bridge at your convenience on the smooth, scalable chain of BSC. Traders will enjoy nominal fees on the Dex, of 0.2% fees, 0.17% are directly distributed among the liquidity providers. The remaining 0.03% is used for buyback and to burn BREW.
The Brew lottery is no different from every other lottery. To participate in the lottery, you’ll need to purchase tickets using BUSD or BREW. The number of tickets a user can buy is limitless. The draw lasts for six hours. The ticket gives you four different numbers from 1-14.
To win the lottery jackpot (50% of the entire lottery pool), users need to match all four numbers on their tickets in the same position as the four winning numbers.
Suppose you don’t match all four; no need to worry. As long as you match two or more numbers in the correct position, you are guaranteed to win a reward.
Match all four numbers in the exact order = win 50% of the pot (or split the pot if more than one winner).
Match three numbers in the exact order = win or split 20% of the pot.
Match two numbers in the exact order = win or split 10% of the pot.
Burn the remaining 20% of the pot.
Further information can be found here
The platform has credible partnership arrangements with industry leaders like Ditto.Money, Beefy. Finance, bEarn, and SUPRA. Together with Ditto, the CafeSwap platform will offer a farming vault for DITTO-BNB liquidity providers at CafeSwap, earning users BREW tokens!
There are two tokens native to the platform:
CafeSwap Token (BREW) – The actual reward tokens for all activities of the platform
CafePool Token (CAFE) – No actual use-case.
The tokenomics are not updated on Coin MarketCap and CoinGecko as they have a condition for market cap listing so they will be updated soon. CafeSwap has a solution to this as all their token statistics are aggregated on their homepage. Currently, the token has a circulating supply of 1,375,898 and a market cap of $4,720,565. It is important to note that this token has no max supply and mints 28,800 tokens daily. These tokens are nearly all distributed to liquidity providers and the rewards will be diminished over a period of time.
Source : bsc.news
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