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Information about "BakeryToken"
What is BakeryToken (BAKE)?
BakeryToken (BAKE) was introduced in September 2020 as an integral part of the BakerySwap ecosystem. Those who provide liquidity are compensated with BAKE tokens, which allow them to gain a share of BakerySwap’s trading fees and take part in governance through voting.
BakerySwap operates as a decentralized automated market-making (AMM) protocol on the Binance Smart Chain (BSC). BAKE serves as the platform's native BEP-20 governance token.
Users can earn BAKE tokens by supplying liquidity on BakerySwap. Holders of BAKE can leverage their tokens for governance decisions and receive dividends from transaction fees. BAKE tokens are distributed across several liquidity pools, including but not limited to BTC, ETH, DOT, LINK, BUSD, and BAKE paired with BNB.
BakerySwap operates as a decentralized automated market-making (AMM) protocol on the Binance Smart Chain (BSC). BAKE serves as the platform's native BEP-20 governance token.
Users can earn BAKE tokens by supplying liquidity on BakerySwap. Holders of BAKE can leverage their tokens for governance decisions and receive dividends from transaction fees. BAKE tokens are distributed across several liquidity pools, including but not limited to BTC, ETH, DOT, LINK, BUSD, and BAKE paired with BNB.
Who are the creators behind BakeryToken?
BakeryToken was developed by an anonymous group of developers who support the vision of decentralized autonomous organizations (DAOs).
What sets BakeryToken apart?
BakerySwap functions on the Binance Smart Chain, with the BAKE-BNB pool anticipated to yield tenfold the rewards of other pools.
BakerySwap, featuring a Binance Smart Chain-based AMM, provides liquidity pools for altcoins like LINK, DOT, and others, operating through initial liquidity pools. There are two types of liquidity pools on BakerySwap: those offering BAKE rewards and those that do not. This setup aims to encourage the community to create new liquidity pools.
Only specific pools will distribute BAKE rewards, with the reward multiplier depending on the value they offer to BAKE holders.
BakerySwap imposes a 0.30% fee on all exchanges and trades, of which 0.25% is allocated to liquidity providers.
Liquidity providers receive liquidity pool tokens, representing their share in each pool, allowing them to earn a portion of the collected fees when they withdraw liquidity. Providers can also stake their Bakery LP tokens to cultivate BAKE token rewards.
BakerySwap, featuring a Binance Smart Chain-based AMM, provides liquidity pools for altcoins like LINK, DOT, and others, operating through initial liquidity pools. There are two types of liquidity pools on BakerySwap: those offering BAKE rewards and those that do not. This setup aims to encourage the community to create new liquidity pools.
Only specific pools will distribute BAKE rewards, with the reward multiplier depending on the value they offer to BAKE holders.
BakerySwap imposes a 0.30% fee on all exchanges and trades, of which 0.25% is allocated to liquidity providers.
Liquidity providers receive liquidity pool tokens, representing their share in each pool, allowing them to earn a portion of the collected fees when they withdraw liquidity. Providers can also stake their Bakery LP tokens to cultivate BAKE token rewards.
How is the BakeryToken network protected?
The security of the BakeryToken network is ensured through real-time security monitoring and sophisticated intelligence systems. It employs on-chain monitoring and undergoes numerous security evaluations.
Where is BakeryToken (BAKE) available for purchase?
You can buy or sell BakeryToken (BAKE) on these exchanges:
* Binance
* Gate.io
* PancakeSwap
* Hotbit
* Anyswap
Check out our comprehensive guide to learn more about purchasing Bitcoin and other cryptocurrencies.
* Binance
* Gate.io
* PancakeSwap
* Hotbit
* Anyswap
Check out our comprehensive guide to learn more about purchasing Bitcoin and other cryptocurrencies.
"BakeryToken" price data