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What is BakerySwap?
BakerySwap is a decentralized automated market-making (AMM) protocol on Binance Smart Chain(BSC) and the 1st NFT trading platform on BSC - 'Bakery NFT Supermarket'. BakerySwap is the next iteration of Uniswap. It aims to be a faster, cheaper, and tastier version of Uniswap.
BAKE token is the native BEP-20 governance token of the platform. Users can earn BAKE tokens by providing liquidity on BakerySwap. BAKE holders can use their tokens for governance voting as well as for receiving transaction fee dividends.
BAKE can be used to compose a random combo meal, which is a unique NFT(None-fungible token). Your unique NFT combo is not only a collectible item, but also a BAKE farming tool. Each NFT combo has a staking power and can be staked to earn BAKE.
BAKE rewards are offered to several liquidity pools in different proportions, initially including: BUSD, ETH, BTC, DOT, LINK, and BAKE versus BNB.
BakerySwap features a 0.30% fee to all trades, of which 0.25% will go to Liquidity Providers (LPs), and the remaining 0.05% will be converted to BAKE tokens and given to BAKE holders as rewards.
The team is an anonymous group of developers who believe in the future of decentralized autonomous organizations (DAO). It does not believe in pre-sale or tokens pre-reserved for the team. The team will receive a relatively low share of rewards during the entire BAKE farming period, which is 1 BAKE for every 100 BAKE farmed.
Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.
