UniCAKE current price (UCT)

$0.00000252

-77.23%
Trading Volume (24h)
$74,856.60

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Trading Volume (24h)

UCT Price Prediction and Price Movement

UCT was added for less than three months and has a low rank at 4579 on CoinMarketCap, we predict that both price and market capitalization of this coin will be very volatile and traders should be extremely cautious while investing in UCT. It is possible that this coin can go up drastically while it is equally likely that it may go down heavily. So be careful and only invest in what you are willing to lose.

Please note that this analysis is purely base on UCT's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.

UniCAKE Price Chart

About UniCAKE

What is UniCAKE? UniCAKE Baked with love❤️, build and driven by the community. UniCAKE is not just another reflection token, and we are sure not just another community driven project, we aim to be more than that. Our goal is to build a strong community with a project really built and owned by the community. Building such a project involves more than creating a reflection token and renouncing the ownership. It all sounds good but there are a few problems with that approach.

Rewarding Rewarding holders with tokens or with dividends of another more stable token is a good incentive to keep people enthusiastic about a project and let them earn money without selling their tokens. Still, the reflection/rewarding model is based on the volume that the token generates from trading. High volume means high payouts, and low volume means low payouts. When the momentum of a heavily hyped project declines, the rewards will decline with it, this is normal, but if the project solely relies on it, it’s a problem.

Renounce Ownership Renouncing ownership is an excellent way to gain trust for a community project, but we think it is not good to do right at the beginning of a project just to gain trust. A smart contract with a renounced ownership is like an abandoned project, with a community hoping to moon anytime soon (there are a few exceptions). A bigger problem with these projects is that it’s impossible to fix bugs and security issues. Some of the biggest projects out there are vulnerable to attacks that can drain their liquidity, and these projects can’t do anything to fix them.