CoinMarketCap takes a deep dive into ThunderCake.App (THUNDERCAKE), a project that offers rewards in the form of CAKE & THOREUM to its holders using an automated reward mechanism.
ThunderCake.App (THUNDERCAKE) runs on the Binance Smart Chain (BSC) and claims to be the ‘’first double reward reflection token’’ with a power of 80/20. 20% Thoreum (THOREUM) and 80% PancakeSwap (CAKE) are distributed among investors using an automated payment mechanism that sends rewards to their wallets after every 60 minutes.
How Does ThunderCake.App (THUNDERCAKE) Work?
The philosophy behind THUNDERCAKE tokens is based on the HODL element. Users hold the tokens to earn CAKE & THOREUM tokens that are split in a ratio of 80% and 20%, respectively. The reward time is set to 60 minutes after which the rewards are automatically dispersed to the THUNDERCAKE holder wallets. The future success of the project depends on the growing popularity of THOREUM and CAKE. An increase in the price of both tokens can lead to a rise in the popularity (and price) of the THUNDERCAKE token.
Roadmap of ThunderCake.App (THUNDERCAKE)
ThunderCake.App (THUNDERCAKE) has already achieved almost all the targets listed in roadmap’s Phase 1 section. The completed objectives include reaching a $5 million market cap, organizing marketing activities and meme contests, launching their website, and so on. From its Phase 2, the ThunderCake.App team has successfully reached 10,000 holders and started their marketing campaigns. The next target for ThunderCake.App is to reach a market cap of $25 million.
Unique Features Of ThunderCake.App (THUNDERCAKE)
Reflection Rewards Paid in CAKE & THOREUM
THUNDERCAKE holders with a minimum holding of 200,000 tokens will be awarded 8% CAKE tokens and 2% THOREUM tokens for every trade they make.
Auto-Payment Feature
Unlike many other cryptocurrency reward platforms, where users have to manually claim their rewards after a certain period, ThunderCake.App automatically sends the rewards (CAKE & THOREUM) to user wallets. According to the official website, if there is a delay in auto-transferring of rewards for more than 60 minutes due to low volume, users can use the ‘manual claim’ feature available on the website to claim their rewards at any time.
Auto BuyBack & Burn and Auto Liquidity Pool
The auto buyback & burn feature of the ThunderCake.App works a little similar to Thoreum (THOREUM). Whenever a transaction happens, 3% of it is added into ThunderCake's automatic buyback & burn fund or transferred into the liquidity pool. The auto buyback and burn mechanism finds selling orders, buys a specific amount of tokens, and burns them. This process helps keep the price stable and can also be used to pump the price if needed.
Anti-(Dump & Bot Exploit) Mechanism
The THUNDERCAKE tokens cannot be sold more than 0.1% of the total supply. Also, the tokens cannot be bought for more than 0.5% of the total supply. Both these restrictions are in place to prevent whales from entering their ecosystem. To avoid bot-triggered micro-sells, the auto buyback & burn mechanism of the THUNDERCAKE token applies a specific threshold and covers the same sell value to make sure the buyback fund is always full.
Security Infrastructure & Low Selling Fee
It is a proven fact that whales can influence the price of any cryptocurrency in a short period. To avoid this phenomenon, the creators of THUNDERCAKE tokens have applied an extra 1% sell fee, which reduces swing trading, in addition to preventing whales at all times. To add another layer of security, DXLock has the initial liquidity locked in it for one year.
Thoreum Alliance - Auto Rewards Ecosystem
The Thunder Alliance Auto Rewards Ecosystem consists of ThunderBNB, ThunderADA, Thoreum, and ThunderCake. Users can choose to buy and sell any Thunder token and gain 2% of Thoreum distribution.
ThunderCake.App (THUNDERCAKE) Tokenomics
According to the official website, THUNDERCAKE will be offered as an Initial Token Offering (ITO) where the total tokens of ThunderCake.App (THUNDERCAKE) is 100 billion. The distribution of these tokens are as follows:
- 54% for presale
- 30% for Pancakeswap liquidity
- 10% for the developer fund
- 5% for the marketing fund
- 1% for the airdrop
ThunderCake.App (THUNDERCAKE) Price
ThunderCake.App (THUNDERCAKE) is now trading at $0.00002226, as of Aug. 31, 2021. Its 24-hour trading volume on exchanges is around USD $36,306.05.
ThunderCake.App (THUNDERCAKE) Price Prediction and Future Outlook
As of Aug. 31, 2021, ThunderCake.App (THUNDERCAKE) is trading at $0.00002226. Whether THUNDERCAKE will hit 1 cent in the near future depends on a lot of factors.
A great advantage for THUNDERCAKE holders is that both Thoreum (THOREUM) and PancakeSwap (CAKE) holders may show an immense interest in the project. Holders receive 8% CAKE tokens and 2% THOREUM tokens for every trade they make. CAKE has seen a jump in marketing volume of around 32.05% in the past 24 hours and CAKE holders may see THUNDERCAKE as an additional opportunity to accumulate the token to increase their holdings.
Thoreum (THOREUM), on the other hand, is seen as the next SafeMoon 2.0 and the holders of SafeMoon are starting to show an interest in Thoreum due to the burn rate, static rewards, and many other benefits it provides. Now, SafeMoon (SAFEMOON) holders who have an interest in Thoreum may opt for THUNDERCAKE, as well to avail the 2% THOREUM token rewards every time they make a trade on the ThunderCake.App platform.
The technical indicators of ThunderCake.App (THUNDERCAKE) token suggests a bearish momentum as the token has seen a decline of 26.97% in its trading volume, and currently stands at USD $36,306.05. This downtrend, however, may be temporary as the token holders expect it to reach $0.00007285 again.
Now, considering a lot of volatile factors, it is very difficult to say in which direction ThunderCake.App (THUNDERCAKE) will tilt, which is why it is advisable to keep an eye on market indicators and technical opinions of cryptocurrency experts before investing in this token.
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