RastaCake has been developed to be the #1 AMM Decentralized Exchange for Tokenized Cannabis stocks, and a bridge between the traditional stock market and crypto market, making it easier to invest in cannabis stocks and assets placed in different countries at the same time from anywhere in the world.
What Are Tokenized Stocks?
Tokenized stocks are tokenized derivatives that represent traditional securities, particularly shares in publicly listed companies traded on regulated exchanges such as Scotts Miracle-Gro, Curaleaf, Aurora, Apple, Tesla and others.
The key benefits of tokenized stocks include fractional ownership of traditional securities, 24/7 access to markets, and greater liquidity to name a few. These digital assets are backed 1:1 by traditional stocks, entitling holders to the same economic benefits of owning the underlying stock.
What is AMM?
AMMs systems took off after they were first implemented by Shearson Lehman Brothers and ATD in the early 1990s.
In crypto, AMM is being used for the most important existing decentralized exchanges like Uniswap and PancakeSwap and it allows digital assets to be traded in a permissionless and automatic way, by using liquidity pools rather than a traditional market of buyers and sellers. Prices are determined by a constant mathematical formula.
Liquidity pools can be optimized for different purposes and are proving to be an important instrument in the DeFi ecosystem
RastaCake it’s a AMM Decentralized Exchange community owned, which means that all liquidity pools are managed and owned by the community sharing the profit from all transactions on the exchange.
Earn Passive Income
RastaCake is a community owned and driven project. All Profit-sharing from all liquidity pools and transactions fees on the exchange are distributed to $RCAKE holders, everyday at 4:20 PM in form of $ETH or $RKACE automatically deposited to your wallet . The tech behind this project will be managing the pools and farms so users can sit back, relax, and receive their profits automatically deposited in their Wallet.
A Secure Platform To Trade And Launch 4:20 Friendly Tokens
Their goal is to create a platform where any cannabis initiative can receive funds with RastaCake. This can include startup projects or already established cannabis businesses. They will be able to issue tokens backed in real stocks or assets.
$RCAKE Token Details
$RCAKE is the governance token of the RastaCake project and it’s mandatory to participate on voting and funding. When a new token is offered on market, having $RCAKE will be necessary in order to participate and the $RCAKE used will be burned to reduce the token supply.
Join The CryptoCannabis Revolution Today!
Article Sourced By EarthyRealist.com Via RastaCake
Recent Cannabis Articles
- Finding The Most Sustainable Place To Grow Cannabis
- Cannabis Sector May Not Get Help From Congress Before 2022
- Nevada Leads The Way For Veterinarians To Treat Pets With CBD
- How To Make Money In The Cannabis Industry Without Selling Cannabis
- Cryptocurrencies & Cannabis Are A Match Made In Heaven
- Congress And Cannabis: SAFE Banking Act See’s Movement
Get new content delivered directly to your inbox.