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.
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.
Source : bsc.news
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