BakerySwap

What is BakerySwap (BAKE)?

BakerySwap is a decentralized finance (DeFi) platform on Binance Smart Chain (BSC) that integrates an automated market maker (AMM) exchange, an NFT marketplace, and yield farming protocols. Users can swap tokens, stake, and earn rewards while also creating, trading, and auctioning NFTs on the platform.

What Problem Does BakerySwap (BAKE) Solve?

BakerySwap addresses several key issues:

• DeFi Access: Provides users with affordable and fast access to DeFi products such as token swaps, staking, and liquidity pools, thanks to lower fees on BSC compared to Ethereum.
• NFT Marketplace: Simplifies the process of minting, trading, and showcasing NFTs directly on the platform.
• Ecosystem Rewards: Encourages user participation through yield farming, allowing users to stake tokens and earn BAKE rewards.

Why Does the Crypto Market Need BakerySwap (BAKE)?

BakerySwap benefits the crypto market by:

• Increasing NFT and DeFi Accessibility: It offers an easy-to-use platform for interacting with DeFi products and NFTs, lowering the entry barrier.
• Lower Transaction Fees: Operates on BSC, providing cheaper transaction fees than Ethereum-based platforms.
• Yield Farming and Rewards: Users can stake tokens and earn BAKE rewards, creating opportunities for passive income.

History & Achievements

Launched in 2020 on Binance Smart Chain, BakerySwap quickly gained popularity as one of the first DeFi platforms to combine yield farming with an NFT marketplace. The platform's native token, BAKE, became widely known for its reward system and low transaction costs. BakerySwap continues to evolve by adding features to enhance the user experience.

Who Created BakerySwap (BAKE)?

BakerySwap was developed by an anonymous team of blockchain developers. It operates as a decentralized platform, with governance decisions made by the community of BAKE token holders.

What Technology Does BakerySwap (BAKE) Use?

BakerySwap leverages:

• Binance Smart Chain (BSC): Provides faster, cheaper transactions compared to Ethereum.
• Automated Market Maker (AMM): Enables seamless token swaps without traditional order books.
• NFT Marketplace: Supports NFT minting, trading, and auctions using BAKE and other tokens.
• Yield Farming: Users can stake liquidity provider (LP) tokens to earn BAKE, incentivizing liquidity provision.

What Affects BakerySwap (BAKE) Price?

BAKE's price is influenced by factors such as:

• Growth in DeFi and NFT Markets: Increased interest in decentralized finance and NFTs drives demand for BAKE.
• Platform Adoption: More users engaging in token swaps, staking, and NFT trading on BakerySwap increases demand for BAKE.
• Market Sentiment: Broader trends in cryptocurrency and DeFi affect BAKE's price.

How Many Tokens of BakerySwap (BAKE) Are in Circulation?

The current circulating supply of BAKE is 289,770,511 tokens.

What is the Maximum Supply of BakerySwap (BAKE)?

The maximum supply of BAKE is capped at 731,535,869 tokens.

What is BakerySwap (BAKE) Utility?

BAKE tokens serve multiple purposes, including:

• Governance: BAKE holders can vote on proposals that shape the platform's direction.
• Yield Farming: Users can stake BAKE or LP tokens to earn additional BAKE rewards.
• Transaction Fees: BAKE is used to mint, trade, and auction NFTs on the platform.
• Incentivization: BAKE rewards are distributed to liquidity providers and participants in platform governance.

Tokenomics of BakerySwap (BAKE)

BakerySwap's tokenomics include:

• Fixed Supply: The total supply is limited to 731,535,869 tokens, with rewards allocated to liquidity providers, stakers, and governance participants.
• Incentive Model: Yield farming and staking rewards encourage users to provide liquidity and participate in the platform.
• Governance: BAKE tokens allow holders to vote on key platform decisions.

What is the All-Time High and All-Time Low for BakerySwap (BAKE)?

• All-Time High: $8.38 on May 2, 2021
• All-Time Low: $0.008483 on November 9, 2020

Where to Buy BakerySwap (BAKE)?

BAKE tokens are available on several major cryptocurrency exchanges, including:

• Binance
• Gate.io
• PancakeSwap
• KuCoin

Who Invested in BakerySwap (BAKE) at an Early Stage?

BakerySwap was launched in a decentralized manner, without traditional venture capital funding. Early supporters were primarily retail users participating in yield farming and staking pools.

What Are the Revenue Streams of BakerySwap (BAKE)?

BakerySwap generates revenue through:

• Transaction Fees: Collected from token swaps, staking, and interactions with the NFT marketplace.
• Yield Farming: Users providing liquidity and staking tokens contribute to the platform's liquidity and generate revenue.
• NFT Marketplace Fees: Fees are charged for minting, trading, and auctioning NFTs on the platform.