There is a 15 % tax on every buy & sell. This 15 % is distributed as follows:

• 7% is used to purchase ADA which is automatically paid out in dividends to holders
  

• 3% is sent back automatically to the Liquidity Pool
  

• 5% is split between the buyback mechanism and the team/marketing fund.

1. Due to a request from the dev at BabyAda, we will also inform a bit on how the slippage works:
   
   When the 7 % fee (used to purchase and redistribute ADA) is charged, 7 % of the tokens bought will be sent to the contract, that then sell those tokens to buy ADA, which then are redistributed to the holders. This is the reason for why it is a lot of sells done from the contract.

‍

The code is a fork of BabyCake token, which have been around for a while and also passed audits (not with Rug Busters though).

The code is well written and we couldn’t find any errors or sources of exploits in the contract code.

What is worth mentioning though, is that the contract contains a blacklist function, which, when activated, disables a specific wallet address from trading.

All fees from the transaction fee tax can also be edited.

‍

‍

Total supply: 100,000,000,000  

‍

Wallet 1 is the Pancakeswap supply. It initially contained 86 % of the total supply (there was no presale but a fair launch that happened on July 24th 2021, so all tokens that aren’t in wallet 2 and 3 have been bought) .

‍

Wallet 2 contains 10,000,000,000 tokens, 10% of the total supply. The BabyAda tokens are locked in a smart contract that generates a marketing fund(in ADA), but the actual BabyAda tokens in this wallet wont be sold.

‍

Wallet 3 has 4,000,000,000 tokens (4%) – The BabyAda tokens are locked in a smart contract that generates marketing funding (in ADA), but the actual BabyAda tokens in this wallet wont be sold.

‍

‍

The biggest wallet contains 57 % of the LP tokens and is a dxlock wallet address (https://dxsale.app/app/v2_9/dxlockview?id=0&add=0x99A1FdA61bC9e053959699F8Cf417b87De1c2cB3&type=lplock&chain=BSC ) . It is locked for 1 year.

The second biggest wallet contains 41 % of the LP tokens and is a burn address (meaning those LP tokens are burned and can never be used to remove liquidity).

The third biggest wallet is a pcs router.

The remaining wallets contain insignificant scraps and are not important at all.

‍

• They are currently on a KYC lifetime plan with Mad Labs
• BabyAda have been Promoted daily with Twitter influencers such as:

Flor

Crypto Barby

Crypto Monkey (Not the Rug Busters co-founder but another crypto monkey 😊)

Crypto London

Fabro

• BabyAda have also signed a deal with some Chinese promoters who have set up their CN group and are plastering adds on Webo and other platforms targeted to the Chinese public.

• BabyAda have paid for fasttrack listings at both CG and CMC – which is expected to happen shortly after this audit is published (27th of July 2021).

Their ongoing marketing will be handled through Mad labs Twitter, Reddit and Telegram.

‍

@Gawnynodaethat – Development and tech in general. He has been working with Solidity for about a year and have prior to that extensive experience from Javascript and hosting. He has assisted many crypto project on a freelance basis, mainly helping out with token contract development, lockers and migration contracts.

@Larry687  - Marketing - PR and operations.

@Soprano_anthony -  Marketing, advertising, business relations and finance.

@adaformula - Graphics, design, community manager and social media manager.

KYC/Doxx - @Gawnynodaethat didn’t use our KYC service but mentions that he already have doxxed to two persons (for due diligence/promotions reasons) – Crypto Monkey (again, not Rugbusters Crypto Monkey) and Mad Joe (admin at Madlabs).

Due to the nature of the KYC/doxx (not public) we can’t verify this – but two pretty big crypto influencers are putting their name on it so we are convinced it is true. We have been shown the posts where Crypto Monkey and Mad Joe inform that they have KYC/doxxed them.

‍