What is BakerySwap?
BakerySwap is a decentralized exchange built on the automated market maker model (AMM), which is similar to Uniswap.
BakerySwap Key Features
BakerySwap Exchange
BakerySwap is one of the first projects to build AMM decentralized exchange on Binance Smart Chain (BSC). It is also one of the few DeFi projects on BSC with an altcoin liquidity pool.
With the AMM model, BakerySwap has no order book. Users trade through liquidity pools. The pool liquidity provider will receive LP (liquidity provider) tokens. This LP token can be converted to the native token they have provided liquidity to the pool. Also when providing liquidity, users will profit from the transaction fees incurred.
Liquidity pools on BakerySwap
Users on BakerySwap can participate in staking BAKE tokens in liquidity pools designed like a bakery menu.
Currently, on BakerySwap, there are the following BEP20-supporting liquidity pools:
- Bread: Stake BAKE to earn BAKE
- Doughnut: Stake BAKE-BNB BLP to earn BAKE
- Waffle: Stake BAKE-BUSD BLP to earn BAKE
- Rolls: Stake BUSD-BNB BLP to earn BAKE
- Croissant: Stake BAKE-DOT BLP to earn BAKE
- Latte: Stake USDT-BUSD BLP to earn BAKE
- Toast: Stake ETH-BNB BLP to earn BAKE
- Cake: Stake BTC-BNB BLP to earn BAKE
NFT Supermarket on BakerySwap
NFT Supermarket is a marketplace to trade NFT artists’ NFT products.
BakerySwap also allows users to mint liquidity from creating special meals called NFT Combos. To create NFT Combo, users need to lock up BAKE token on the system. The more BAKE tokens you commit, the more qualified you are for higher tier NFT Combos. From there, you can increase your profits from your staking BAKE or BLP tokens.
Refer to the amount of BAKE for each NFT Combo as follows:
- Basic: 10,000–20,000 BAKE
- Regular: 20,000–50,000 BAKE
- Luxury: 50,000–100,000 BAKE
- Supreme: Above 100,000 BAKE
Other Features
- Launchpad: platform for launching new blockchain projects.
- Gamification (Game Boxes): NFT game projects combining Alien Worlds, My Neighbor Alice and Battle Pets for SOCCER & POKER holders.
- ETH 2.0: ETH staking program promotes the launch of ETH 2.0.
BAKE Token
BAKE is the utility token of the BakerySwap platform, used for the following purposes:
- Medium of NFT Trading
- Staking to receive rewards
- Permission to participate in Gamification and Launchpad features
- Governance
Specifications
- Ticker: BAKE.
- Blockchain: Binance Smart Chain.
- Token Standard: BEP-20.
- Total Supply: 289,770,797 BAKE
- Circulating Supply: 193,529,493.42 BAKE
Token Allocation
The total supply of BAKE will be completely distributed to the Liquidity Pools:
- Pool 1: BAKE-BNB, 10x BAKE.
- Pool 2: BUSD-BNB, 3x BAKE.
- Pool 3: ETH-BNB, 1x BAKE.
- Pool 4: BTC-BNB, 1x BAKE.
- Pool 5: DOT-BNB, 1x BAKE.
- Pool 6: LINK-BNB, 1x BAKE.
- Team: 1% of the total BAKE farmed until the BAKE runs out.
BAKE token Price today
How to buy BAKE
BakerySwap (BAKE) has been listed on Attlas Exchange.
Traders can easily and securely buy BAKE with lowest fees on Attlas Exchange.
Step 1: Download the app and register an account
Step 2: Select Market on the toolbar at the main screen
Step 3: Select Spot
Step 4: Find BAKE
Step 5: Select Buy
Summary
This article is an overview of BakerySwap (BAKE), not a financial advise.
Users are advised to do their own research before making any trading decisions.