BakeryToken (BAKE) is a token used within the BakerySwap ecosystem. BakerySwap is a decentralized financial (DeFi) platform built on the Binance Smart Chain (BSC). Its goal is to enable users to trade, stake, and earn with various cryptocurrencies and tokens.
MoreBakerySwap is a Binance Smart Chain-based AMM that provides liquidity pools for altcoins like LINK, DOT, and others. It operates through initial liquidity pools, which come in two types: with BAKE rewards and without, making it easier to create new pools.
MoreDo you want to buy BakeryToken (BAKE)? You can do this at a crypto exchange like Coinmerce, by paying fast and easily with credit card or SEPA.
MoreYou want to buy BakeryToken (BAKE)? You can buy BakeryToken using Creditcard or SEPA at Coinmerce. Once you are logged in, you will see "Coins" in the top menu where you click on. Now you come to a page with all crypto coins that Coinmerce offers. If you don't see BakeryToken, use the search function to search for BakeryToken and click on the name. You can indicate for how much you want to buy BakeryToken in the right window. Below is shown how much BakeryToken you get for this. Have you entered the correct amount? Then click on "Buy". You can also execute a "Stop limit order" at Coinmerce. Our system will automatically buy BakeryToken when the price of BakeryToken reaches your entered value. You can also execute a repeating order. Do you want to buy BakeryToken with another crypto currency? Then you go to the cryptocurrency you want to pay with and click on "Swap" in the right window to indicate that you want to receive BakeryToken.
The BakerySwap project was launched in March 2021 by an anonymous team of developers. Although the team's identity is not public, they have a strong background in blockchain technology. The goal of BakerySwap is to provide users with a safe and user-friendly platform for trading and staking tokens on the Binance Smart Chain. The team aims to overcome the disadvantages of traditional DEX platforms, such as high transaction fees and slow transaction speeds, and make DeFi accessible to as many people as possible through an intuitive interface and low costs. By providing liquidity, you receive liquidity pool tokens representing a share in each pool. Through these tokens, you can earn a portion of the fees collected in the pools when they remove their liquidity. You can then stake Bakery LP tokens to earn rewards. BakeryToken (BAKE) is used as the governance token of the BakerySwap platform. Token holders have a say in important decisions related to the protocol, such as fee changes or new features. It is also possible to stake the token to earn rewards.