BakerySwap, a Binance Smart Chain-based DeFi platform, offers unique trading, staking, and NFT services with its native BAKE token. More
| Fully Diluted Valuation | $25.80M |
|---|---|
| 24H Trading Volume | $9.30M |
| 24H Low / High | $0.09 / $ 0.09 |
| Circulating Supply | 288.71 M |
| Total Supply | 289.77 M |
| Max Supply | 731.54 M |
| Categories | NFT 2 more |
|---|---|
| Founder | Anonymous |
| Website | bakeryswap.org Whitepaper |
| Socials | 2 more |
| Chains | Harmony Ecosystem 1 more |
| Explorer | Harmony 4 more |
| Contracts |
0x4da....4692a
1 more
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| Name | Pair | OG Score |
|---|
In September 2020, the decentralized finance (DeFi) landscape witnessed the emergence of BakerySwap, a pioneering Automated Market Maker (AMM) protocol on the Binance Smart Chain (BSC). This innovative platform transcends the conventional boundaries of digital exchanges by integrating an array of services, including a decentralized exchange (DEX), an NFT marketplace, and unique earning opportunities through yield farming and staking.
Central to BakerySwap's functionality is the AMM model, akin to that of UniSwap on Ethereum, but with Binance’s native BNB as the base asset. This model eliminates the need for order books, allowing traders to directly swap tokens against a liquidity pool. Liquidity providers are incentivized through BakerySwap liquidity pool (BLP) tokens, which are proportionally distributed and can be staked for additional rewards in the form of BAKE, the platform’s native currency. BAKE not only facilitates transactions and governance voting but also enables participation in various platform activities, including the BakerySwap NFT Supermarket and the Bakery Gallery, which showcase and trade a diverse collection of NFTs.
The platform's distinctiveness is further accentuated by its crypto launchpad, which allows projects to host Initial DEX Offerings (IDOs), making BakerySwap a comprehensive ecosystem for both traders and project developers. Committed to security and efficiency, BakeryToken (BAKE) ensures network safety through real-time monitoring and has undergone multiple security checks. The BAKE-BNB pool notably stands out, offering enhanced rewards compared to other pools. This ingenuity, combined with a low fee structure and rapid transaction speeds, positions BakerySwap as a formidable player in the DeFi space, paving the way for a more inclusive and accessible digital economy.
BakerySwap is distinctive in the DeFi space for being one of the first projects on the Binance Smart Chain, combining Automated Market Maker (AMM) and Decentralized Exchange (DEX) models. It offers unique features like an NFT marketplace and various liquidity pools for altcoins, distinguishing it from other DeFi platforms.
BakerySwap was founded in 2020 by an anonymous group of developers. These developers chose to remain unidentified, aligning with the decentralized and autonomous ethos of blockchain technology.
BakerySwap's backers might include early DeFi investors like Binance Labs, launchpad participants, and collaborators like PancakeSwap, but anonymity shrouds specifics.
You can buy BakerySwap (BAKE) on Binance, Gate.io, BitgetMEXCBingX cryptocurrency exchanges.
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BakerySwap (BAKE) is not mineable like Bitcoin.
There may be different staking options available such as to participate in DAOs, decentralized governance and for revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of BakerySwap (BAKE) is ($288,705,144), max supply of BakerySwap BAKE is ($731,535,869) and the market cap of BakerySwap BAKE is ($25,704,421).
What is the BakerySwap (BAKE) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of BakerySwap (BAKE) is $0. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
It is important to do comprehensive research before deciding whether BakerySwap (BAKE) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:
Is this type of digital asset considered legal in your country?
Does Coin (BakerySwap BAKE) solve a good problem or offer the best solution?
Do products and services work effectively, and solutions are scalable?
Does the team have a realistic roadmap and can catch up with it?
Does BakerySwap (BAKE) have reasonable and sustainable revenue income models?
Can the team market their products and services well?
How decentralized is the governance and how strong is the community?
Has it reached its fair market value yet?
Does the coin/token have enough trading pairs and liquidity?
As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether BakerySwap (BAKE) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.
