V2 Contract is alive!!!

What does it take to go from v1 Contract to v2 Contract? Let me tell you a lot of work. We hired RugFreeCoins for our v1 Audit, and we felt since the Contract did not meet our needs and it was outdated, that was time to build a new one, even if this means we restarted our progress (Not a big one). But the strategy is simple, create a new contract with new tokenomics.

This new Contract will have the following tokenomics.

5% Cake Rewards to Holders.

2% Scholarship/Charity.

2% Liquidity.

2% Marketing.

1% Development.

The cake rewards are the most exciting feature of this new Contract; it means holders will receive an excellent 5% of every buy and sale to their wallets just by holding Tres Leches Cake (3LechesCake) tokens.

How does that sound to you?

Amazing right, we figure that our scholarship/charity wallet should keep the same value as intended. Give back to those students that deserver a feature. So 2% will of every buy and sale will be back to the scholarship wallet in BNB and not tokens. This was important as initially, and we had to sell the tokens to give the scholarship back to the winner. Now we don’t need to do that, a fantastic upgrade in terms of functionality.

Liquidity is essential, and it is how we get a stable price and foundation for the feature. So 2% back to liquidity make perfect sense.

Before Marketing Wallet had to sell tokens to get BNB as many people who will do marketing for us to accept BNB as payments, so we changed the strategy here to be 2% back in BNB to the marketing wallet.

Development is also an essential part of the tokenomics structure before we had a wallet with tokens for sale for development. This is now changed to 1% in BNB to the dev wallet. Our development team will be from RugFreeCoins, getting this percent to ensure our project is safe and secure. It does not get better than that in terms of tokenomics.

Let’s talk blockchain for a minute when we decide to build our token on Binance Smart Chain. We did it for a reason, to ensure the transactions fees were low at all times. As each blockchain evolves, this may change, so for that reason, we have deployed a contract on Cardano and Solana. We will make the token available for sale on those blockchains when the time is ready. However, we have secured our Contract.

As time evolves, we will also create a bridge to Ethereum; this is needed regardless of our end goals to acquire new investors from their network. For now, we will start with our main goal that is Binance Smart Chain.

What will happen to the V1 Contract? The Contract is alive and has tokens and lp locked for two years. To make things easier, we have set tax to 2% from 12%, and that 2% will get burned with every transaction; just in case you bought v1 and want to sale they can do that with no problem.

We will do an airdrop to our v1 holders with the same amount held during our launch; the price may be the same; we don’t know that part until we reach a private sale event.

You can also buy on the pre-sale and secure more tokens, contributing to the liquidity. Initially, our liquidity was funded by our friends, family, and investors. However, we lost most of that during our launch event, and it is hard to recover the same.

Where we are at with the NFT, we created our first NFT in the Solana network. We will start the same NFT on Binance Smart Chain soon and make it available for sale. 1 out of 1 on every blockchain.

What is the use case of Tres Leches Cake? It is all about giving back to the community, but we understand people like better utility or use cases; we have created a plan. The goal will be for Bakeries around the world to use our token to buy and sell, and for those that want to use the token, we can make special arrangements so they can use it for that reason. they will be able to contribute to a better future while using the blockchain.

As we onboard new blockchains and see the future coming, we will explore more use cases for our little crypto token that is now deployed to 3 significant blockchains.

Thanks to all of those that have been patient with us during this change of directions and learning experience.

Let’s move on and keep serving Tres Leches Cake.

The Chef